Alibaba Group (NYSE:BABA) Trading Down 1.4% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA) traded down 1.4% on Tuesday . The company traded as low as $111.47 and last traded at $112.34. 6,796,961 shares were traded during trading, a decline of 67% from the average session volume of 20,531,197 shares. The stock had previously closed at $113.97.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Benchmark increased their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Citigroup cut their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Barclays boosted their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $150.36.

Alibaba Group Price Performance

The stock’s 50 day simple moving average is $126.89 and its 200-day simple moving average is $104.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $268.16 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group in the fourth quarter worth about $31,000. Bruce G. Allen Investments LLC purchased a new position in Alibaba Group during the first quarter valued at $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $32,000. Strategic Investment Solutions Inc. IL increased its stake in shares of 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 purchasing an additional 200 shares in the last quarter. Finally, Redwood Park Advisors LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth about $52,000. 13.47% of the stock is owned by institutional investors and hedge funds.

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.