Alibaba Group (NYSE:BABA) Stock Price Down 1.4% - Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares fell 1.4% on Monday . The stock traded as low as $128.00 and last traded at $130.58. 5,109,180 shares traded hands during trading, a decline of 74% from the average session volume of 19,401,380 shares. The stock had previously closed at $132.43.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BABA shares. JPMorgan Chase & Co. upped 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. Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Robert W. Baird lifted their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and upped their target price for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Finally, Bank of America lifted their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $148.14.

Alibaba Group Stock Performance

The firm has a market capitalization of $307.45 billion, a PE ratio of 18.71, a P/E/G ratio of 0.61 and a beta of 0.24. 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 has a 50-day simple moving average of $124.35 and a 200-day simple moving average of $103.55.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Large investors have recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the fourth quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group during the 4th quarter valued at $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 valued at $46,000 after acquiring an additional 200 shares during the last quarter. Redwood Park Advisors LLC purchased a new stake in Alibaba Group in the fourth quarter worth $52,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Alibaba Group during the fourth quarter worth $55,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

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.