Alibaba Group (NYSE:BABA) Stock Price Down 0.1% – Time to Sell?

Shares of Alibaba Group Holding Limited (NYSE:BABA) dropped 0.1% during trading on Thursday . The stock traded as low as $135.87 and last traded at $138.92. Approximately 11,929,126 shares changed hands during trading, a decline of 62% from the average daily volume of 31,431,324 shares. The stock had previously closed at $139.08.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Benchmark raised their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Barclays boosted their price target 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. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Mizuho raised their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Trading Down 1.8 %

The company’s fifty day moving average is $98.31 and its two-hundred day moving average is $94.13. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market cap of $324.61 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 0.61 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share 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 net margin of 12.29% and a return on equity of 12.89%. On average, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. boosted its holdings in Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 108 shares in the last quarter. LM Advisors LLC acquired a new stake in Alibaba Group during the 4th quarter worth $855,000. Lakeshore Capital Group Inc. acquired a new position in Alibaba Group in the fourth quarter valued at $1,194,000. Garde Capital Inc. grew its holdings in shares of Alibaba Group by 45.5% during the fourth quarter. Garde Capital Inc. now owns 1,696 shares of the specialty retailer’s stock worth $144,000 after purchasing an additional 530 shares during the last quarter. Finally, Great Valley Advisor Group Inc. increased its position in shares of Alibaba Group by 10.3% during the fourth quarter. Great Valley Advisor Group Inc. now owns 27,077 shares of the specialty retailer’s stock worth $2,295,000 after purchasing an additional 2,518 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

About Alibaba Group

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.