Alibaba Group (NYSE:BABA) Stock Price Down 0.2% – Time to Sell?

Shares of Alibaba Group Holding Limited (NYSE:BABA) dropped 0.2% on Monday . The stock traded as low as $133.63 and last traded at $134.91. 6,650,302 shares traded hands during trading, a decline of 65% from the average daily volume of 19,010,204 shares. The stock had previously closed at $135.14.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BABA. Citigroup increased their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company 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 research report on Friday, February 21st. 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 price target on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Fifteen equities research 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, the company currently has a consensus rating of “Buy” and a consensus target price of $144.07.

Alibaba Group Price Performance

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 business’s 50 day moving average price is $118.59 and its 200 day moving average price is $101.64. The stock has a market capitalization of $315.17 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last released its quarterly 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 business had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Institutional Investors Weigh In On Alibaba Group

A number of hedge funds have recently modified their holdings of the business. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the fourth quarter valued at about $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group during the 4th quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL increased its holdings in Alibaba Group by 59.0% in the 4th 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 in the last quarter. Redwood Park Advisors LLC bought a new stake in Alibaba Group during the 4th quarter worth approximately $52,000. Finally, Vision Financial Markets LLC purchased a new position in Alibaba Group during the fourth quarter valued at approximately $55,000. Institutional investors 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.