Alibaba Group (NYSE:BABA) Stock Price Down 1.2% - Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares fell 1.2% during trading on Friday . The stock traded as low as $118.54 and last traded at $118.56. 3,042,823 shares traded hands during trading, a decline of 85% from the average session volume of 19,953,304 shares. The stock had previously closed at $119.96.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Robert W. Baird dropped their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Bank of America increased their price objective 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. Finally, Citigroup cut their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $154.21.

Alibaba Group Price Performance

The firm has a 50 day moving average price of $118.11 and a 200 day moving average price of $110.11. The stock has a market capitalization of $289.90 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 0.61 and a beta of 0.22. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's payout ratio is 13.83%.

Hedge Funds Weigh In On Alibaba Group

Large investors have recently added to or reduced their stakes in the company. 1248 Management LLC purchased a new position in shares of Alibaba Group during the 1st quarter valued at $26,000. North Ridge Wealth Advisors Inc. bought a new stake in Alibaba Group during the first quarter valued at about $26,000. Summit Securities Group LLC lifted its position in shares of Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 59,000 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of Alibaba Group in the first quarter worth about $26,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 196 shares in the last quarter. 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.