Alibaba Group (NYSE:BABA) Stock Price Down 2.5% – Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s share price fell 2.5% during trading on Tuesday . The stock traded as low as $126.10 and last traded at $127.51. 11,785,296 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 18,354,041 shares. The stock had previously closed at $130.81.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BABA. Robert W. Baird raised their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Benchmark increased their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Bank of America upped their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Barclays upped their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Citigroup boosted their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $144.07.

Alibaba Group Stock Down 0.7 %

The business has a 50 day simple moving average of $101.27 and a 200 day simple moving average of $95.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $308.57 billion, a PE ratio of 18.77, a P/E/G ratio of 0.61 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data 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 during 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%. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

A number of large investors have recently bought and sold shares of BABA. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group in the fourth 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. Assetmark Inc. lifted its stake in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 shares during the period. Finally, Redwood Park Advisors LLC acquired a new position in Alibaba Group in the 4th quarter valued at $52,000. 13.47% of the stock is currently 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.