Alibaba Group (NYSE:BABA) Shares Down 0.7% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price was down 0.7% on Thursday . The stock traded as low as $125.50 and last traded at $128.86. Approximately 15,771,811 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 19,421,783 shares. The stock had previously closed at $129.79.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Barclays raised their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $148.14.

Alibaba Group Stock Down 0.3 %

The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market cap of $307.45 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.61 and a beta of 0.24. The stock’s 50-day moving average is $124.35 and its 200-day moving average is $103.55.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Institutional Trading of Alibaba Group

Hedge funds have recently bought and sold shares of the business. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group in the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group in the fourth quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL lifted its holdings in Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC purchased a new position in Alibaba Group in the fourth quarter worth $52,000. Finally, Vision Financial Markets LLC bought a new position in Alibaba Group in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

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.