Alibaba Group (NYSE:BABA) Stock Price Down 2.4% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price was down 2.4% on Monday . The company traded as low as $147.21 and last traded at $148.5360. Approximately 8,642,114 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 19,582,719 shares. The stock had previously closed at $152.24.

Analyst Upgrades and Downgrades

BABA has been the topic of several recent analyst reports. Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Benchmark restated a “buy” rating and set a $195.00 price target on shares of Alibaba Group in a report on Tuesday, November 25th. Rosenblatt Securities set a $195.00 price objective on shares of Alibaba Group in a research note on Wednesday, November 26th. Erste Group Bank raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Arete Research set a $172.00 price target on Alibaba Group in a research report on Tuesday, December 9th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $194.00.

Alibaba Group Trading Down 2.4%

The business has a 50-day moving average of $160.37 and a 200-day moving average of $143.69. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The stock has a market cap of $354.42 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.36 and a beta of 0.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Traphagen Investment Advisors LLC boosted its stake in shares of Alibaba Group by 2.0% during the 3rd quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer’s stock worth $539,000 after acquiring an additional 59 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in Alibaba Group by 26.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 63 shares during the last quarter. Bluesphere Advisors LLC boosted its position in Alibaba Group by 2.2% during the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock worth $540,000 after purchasing an additional 64 shares during the period. Richardson Financial Services Inc. raised its position in shares of Alibaba Group by 34.4% in the third quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 65 shares during the period. Finally, Transcend Capital Advisors LLC lifted its stake in shares of Alibaba Group by 1.0% in the third quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock worth $1,191,000 after buying an additional 66 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.