
Alibaba Group (NYSE:BABA) Trading Down 3.5% After Analyst Downgrade

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Alibaba Group (NYSE:BABA) shares fell 3.5% after Susquehanna downgraded its price target from $190 to $170, despite maintaining a positive rating. The stock traded as low as $124.59, with a volume decline of 27% from the average. Other analysts have mixed views, with some downgrading and others raising their targets. Institutional investors have also adjusted their positions, with 13.47% of shares held by them. The company has a market cap of $299.25 billion and a P/E ratio of 23.65.
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