Alibaba Group (NYSE:BABA) Trading Down 3.4% - Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price fell 3.4% on Wednesday . The company traded as low as $104.01 and last traded at $104.35. 8,986,338 shares changed hands during trading, a decline of 55% from the average session volume of 19,944,100 shares. The stock had previously closed at $107.99.

Analyst Ratings Changes

Several equities research analysts have weighed in on BABA shares. Arete cut Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price for the company. in a research note on Tuesday, June 24th. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Mizuho reduced their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Citigroup lowered their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Loop Capital set a $176.00 price target on shares of Alibaba Group in a research note on Friday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $153.13.

Alibaba Group Trading Up 0.1%

The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market cap of $254.66 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 0.45 and a beta of 0.21. The firm's 50-day moving average price is $118.14 and its 200 day moving average price is $114.23.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were given a $0.95 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 12th. Alibaba Group's payout ratio is 12.75%.

Hedge Funds Weigh In On Alibaba Group

A number of large investors have recently modified their holdings of BABA. WCM Investment Management LLC acquired a new position in shares of Alibaba Group during the first quarter valued at about $4,074,000. KMG Fiduciary Partners LLC bought a new position in Alibaba Group in the 1st quarter valued at about $1,948,000. Avaii Wealth Management LLC bought a new position in Alibaba Group in the 1st quarter valued at about $563,000. Fiduciary Alliance LLC boosted its stake in Alibaba Group by 18.3% during the 1st quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock valued at $15,596,000 after purchasing an additional 18,230 shares during the last quarter. Finally, Summa Corp. increased its holdings in Alibaba Group by 28.7% during the 1st quarter. Summa Corp. now owns 71,673 shares of the specialty retailer's stock worth $9,477,000 after purchasing an additional 16,000 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

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.