Alibaba Group (NYSE:BABA) Trading Down 1.3% – Time to Sell?

by · The Cerbat Gem

Alibaba Group Holding Limited (NYSE:BABA – Get Free Report) shares traded down 1.3% during mid-day trading on Thursday . The company traded as low as $153.36 and last traded at $156.79. 7,659,429 shares changed hands during trading, a decline of 62% from the average session volume of 20,147,811 shares. The stock had previously closed at $158.82.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BABA shares. Arete lowered Alibaba Group from a “buy” rating to a “neutral” rating and set a $172.00 target price for the company. in a research note on Tuesday. Macquarie reissued an “outperform” rating on shares of Alibaba Group in a report on Tuesday, November 25th. Zacks Research downgraded shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. UBS Group reiterated a “buy” rating and set a $162.00 target price on shares of Alibaba Group in a research report on Sunday, August 31st. Finally, Wall Street Zen lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

Get Our Latest Stock Report on BABA

Alibaba Group Stock Down 0.9%

The company has a market cap of $371.18 billion, a P/E ratio of 21.49, a PEG ratio of 2.41 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The business’s 50 day moving average price is $164.60 and its 200-day moving average price is $141.15.

Institutional Trading of Alibaba Group

Several large investors have recently made changes to their positions in the business. Summit Securities Group LLC grew its holdings in Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 59,000 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Alibaba Group during the first quarter valued at approximately $26,000. 1248 Management LLC bought a new stake in shares of Alibaba Group during the first quarter valued at approximately $26,000. Rosenberg Matthew Hamilton acquired a new stake in shares of Alibaba Group in the second quarter valued at approximately $26,000. Finally, Ameriflex Group Inc. raised its position in Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

About Alibaba Group

(Get Free Report)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

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