Alibaba Group (NYSE:BABA) Stock Price Down 3.9% - Time to Sell?

Key Points

• Alibaba Group's share price experienced a decline of 3.9%, falling to $166.77 after trading as low as $166.42.
• Analyst ratings vary, with Arete Research upgrading BABA to a strong-buy, while Zacks Research downgraded it to a strong sell, reflecting mixed sentiments among analysts.
• Institutional investors have significantly increased their stakes in Alibaba, including Kingstone Capital Partners boosting its shares by 1,349,768.3% in the second quarter.

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price fell 3.9% during trading on Tuesday . The stock traded as low as $166.42 and last traded at $166.77. 15,559,370 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 21,462,797 shares. The stock had previously closed at $173.47.

Analyst Ratings Changes

BABA has been the subject of several analyst reports. Arete Research raised shares of Alibaba Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Zacks Research lowered Alibaba Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. lowered their price target on Alibaba Group from $245.00 to $240.00 and set an "overweight" rating on the stock in a report on Thursday, October 9th. Nomura increased their price objective on Alibaba Group from $170.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Finally, Arete raised Alibaba Group from a "neutral" rating to a "buy" rating and set a $152.00 target price for the company in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $188.06.

Alibaba Group Stock Performance

The company has a market cap of $397.60 billion, a PE ratio of 19.39, a PEG ratio of 2.23 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The business has a 50-day moving average of $152.08 and a 200 day moving average of $129.04.

Institutional Trading of Alibaba Group

Large investors have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC boosted its stake in shares of Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock worth $5,558,646,000 after acquiring an additional 49,010,087 shares during the last quarter. Norges Bank purchased a new position in Alibaba Group during the second quarter valued at $527,243,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Alibaba Group by 3,214.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock valued at $578,992,000 after purchasing an additional 4,246,564 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Alibaba Group by 85.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer's stock valued at $1,131,558,000 after purchasing an additional 3,947,460 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Alibaba Group by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock worth $2,069,144,000 after buying an additional 2,885,154 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

About Alibaba Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.