Alibaba Group (NYSE:BABA) Shares Down 1.8% – Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA) shares traded down 1.8% on Monday . The stock traded as low as $100.37 and last traded at $100.57. 4,188,406 shares were traded during trading, a decline of 77% from the average session volume of 17,860,926 shares. The stock had previously closed at $102.43.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a research report on Friday, August 23rd. Sanford C. Bernstein boosted their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Jefferies Financial Group reissued a “buy” rating and set a $116.00 price objective on shares of Alibaba Group in a research note on Friday, July 26th. Finally, Loop Capital restated a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $112.63.

Alibaba Group Price Performance

The stock has a market capitalization of $248.68 billion, a PE ratio of 23.01, a P/E/G ratio of 0.55 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The firm’s 50 day simple moving average is $93.09 and its 200 day simple moving average is $82.71.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the prior year, the firm posted $2.47 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.93 EPS for the current fiscal year.

Institutional Trading of Alibaba Group

Several large investors have recently modified their holdings of BABA. Global Assets Advisory LLC purchased a new position in Alibaba Group during the 1st quarter valued at $2,023,000. Sound Income Strategies LLC increased its position in shares of Alibaba Group by 94.1% during the first quarter. Sound Income Strategies LLC now owns 1,526 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 740 shares during the period. Mcdonald Partners LLC raised its stake in Alibaba Group by 13.1% in the first quarter. Mcdonald Partners LLC now owns 7,431 shares of the specialty retailer’s stock worth $538,000 after buying an additional 859 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Alibaba Group by 11.9% in the first quarter. Sunbelt Securities Inc. now owns 12,697 shares of the specialty retailer’s stock worth $919,000 after buying an additional 1,353 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Alibaba Group during the 1st quarter worth approximately $85,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Company Profile

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.