Alibaba Group (NYSE:BABA) Stock Price Down 5.9% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price dropped 5.9% during trading on Monday . The stock traded as low as $105.15 and last traded at $109.66. Approximately 24,666,015 shares were traded during trading, an increase of 25% from the average daily volume of 19,746,368 shares. The stock had previously closed at $116.54.

Analyst Ratings Changes

BABA has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Mizuho upped their target price on Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, March 28th. Bank of America raised their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $100.00 to $180.00 in a report on Monday, February 24th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $148.14.

Alibaba Group Trading Down 9.1 %

The stock has a market cap of $251.58 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a 50 day moving average of $126.09 and a two-hundred day moving average of $104.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

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

Institutional Trading of Alibaba Group

Several institutional investors have recently modified their holdings of the stock. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group during the 4th quarter worth $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group during the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL grew its stake in Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares in the last quarter. Redwood Park Advisors LLC acquired a new stake in Alibaba Group in the 4th quarter valued at about $52,000. Finally, Vision Financial Markets LLC purchased a new position in Alibaba Group in the 4th quarter worth approximately $55,000. Institutional investors and hedge funds 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.