Alibaba Group (NYSE:BABA) Shares Down 10.6% – Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s share price fell 10.6% during trading on Friday . The company traded as low as $111.30 and last traded at $115.60. 27,686,186 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 19,554,347 shares. The stock had previously closed at $129.33.

Analysts Set New Price Targets

A number of research analysts have recently commented on BABA shares. Citigroup boosted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Mizuho boosted their price target on shares of Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, March 28th. Barclays raised 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. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Bank of America boosted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $148.14.

Alibaba Group Stock Down 9.9 %

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 company has a market cap of $276.85 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The stock has a fifty day moving average price of $125.77 and a two-hundred day moving average price of $104.10.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate 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 expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BABA. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new position in Alibaba Group during the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL grew its position 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 purchasing an additional 200 shares during the period. Redwood Park Advisors LLC bought a new position in Alibaba Group in the fourth quarter valued at about $52,000. Finally, Kieckhefer Group LLC bought a new position in Alibaba Group in the fourth quarter worth approximately $55,000. Hedge funds and other 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.