Alibaba Group (NYSE:BABA) Trading Down 2.1% - Time to Sell?

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) fell 2.1% on Friday . The stock traded as low as $99.73 and last traded at $100.55. 12,681,319 shares were traded during trading, a decline of 33% from the average session volume of 18,824,598 shares. The stock had previously closed at $102.74.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Macquarie upgraded Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective for the company in a report on Monday, October 7th. Benchmark reaffirmed a "buy" rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Robert W. Baird boosted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Barclays decreased their target price on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, November 19th. Finally, Citigroup increased their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group has an average rating of "Moderate Buy" and an average price target of $115.13.

Alibaba Group Stock Down 0.2 %

The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $86.58 and a 200-day simple moving average of $88.92. The stock has a market cap of $234.72 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter last year, the firm posted $1.82 EPS. The company's quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Institutional Trading of Alibaba Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. TRUE Private Wealth Advisors lifted its position in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock worth $331,000 after acquiring an additional 112 shares during the last quarter. TBH Global Asset Management LLC increased its stake in shares of Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock worth $407,000 after purchasing an additional 112 shares during the period. Venturi Wealth Management LLC lifted its holdings in Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer's stock worth $228,000 after purchasing an additional 121 shares during the last quarter. Capital Investment Advisory Services LLC boosted its stake in Alibaba Group by 3.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer's stock valued at $329,000 after purchasing an additional 124 shares during the period. Finally, Sivia Capital Partners LLC grew its holdings in Alibaba Group by 3.6% in the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer's stock valued at $324,000 after buying an additional 134 shares in the last quarter. 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.