
Alibaba Group (NYSE:BABA) Shares Down 2.2% on Analyst Downgrade

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Alibaba Group (NYSE:BABA) shares fell 2.2% after Susquehanna downgraded its price target from $190 to $170, while maintaining a positive rating. The stock traded as low as $122.23, with a volume decline of 36% from the average. Analysts have mixed views, with some upgrades and downgrades affecting sentiment. Institutional investors have also adjusted their holdings, with 13.47% of shares owned by hedge funds. The company has a market cap of $292.96 billion and a PE ratio of 23.15.
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