Alibaba Group (NYSE:BABA) Trading Down 3.8% - Should You Sell?

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) fell 3.8% on Wednesday . The company traded as low as $107.60 and last traded at $108.06. 7,131,212 shares were traded during trading, a decline of 65% from the average session volume of 20,533,442 shares. The stock had previously closed at $112.28.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BABA. Citigroup decreased their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $100.00 to $180.00 in a report on Monday, February 24th. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Finally, Robert W. Baird increased their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Trading Up 2.1 %

The stock has a market capitalization of $260.55 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $127.07 and a two-hundred day moving average of $104.68.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) 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 firm had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. On average, research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Institutional Investors Weigh In On Alibaba Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC increased its holdings in Alibaba Group by 1,033.1% in the third quarter. Virtu Financial LLC now owns 134,686 shares of the specialty retailer's stock valued at $14,293,000 after buying an additional 122,800 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in Alibaba Group in the third quarter valued at $637,000. Pine Valley Investments Ltd Liability Co raised its stake in shares of Alibaba Group by 21.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 114,981 shares of the specialty retailer's stock worth $12,202,000 after buying an additional 20,654 shares during the last quarter. World Investment Advisors LLC boosted its position in shares of Alibaba Group by 17.0% in the 3rd quarter. World Investment Advisors LLC now owns 10,252 shares of the specialty retailer's stock worth $1,088,000 after buying an additional 1,486 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Alibaba Group during the 3rd quarter valued at about $89,000. Institutional investors and hedge funds own 13.47% of the company's stock.

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.