Alibaba Group (NYSE:BABA) Shares Down 7.5% - Time to Sell?

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) dropped 7.5% on Thursday . The stock traded as low as $122.86 and last traded at $123.95. Approximately 18,256,842 shares were traded during trading, a decline of 11% from the average daily volume of 20,465,395 shares. The stock had previously closed at $134.05.

Analyst Ratings Changes

BABA has been the subject of a number of analyst reports. Benchmark boosted their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Barclays increased their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Finally, Mizuho upgraded shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, April 18th. Fourteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Trading Down 7.9%

The firm has a fifty day moving average of $123.88 and a 200-day moving average of $106.88. The stock has a market capitalization of $294.86 billion, a price-to-earnings ratio of 17.85, 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 quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 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 firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. North Ridge Wealth Advisors Inc. bought a new position in Alibaba Group during the 1st quarter worth $26,000. Summit Securities Group LLC grew its position in Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 59,000 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Alibaba Group by 1,960.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 196 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group during the fourth quarter worth approximately $31,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in Alibaba Group in the 1st quarter valued at approximately $31,000. 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.

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