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

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $107.99, but opened at $105.48. Alibaba Group shares last traded at $104.61, with a volume of 5,219,364 shares trading hands.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of analyst reports. Bank of America lowered their target price on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Friday. Benchmark reduced their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Mizuho reduced their price target 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 reduced their price target on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.13.

Alibaba Group Stock Performance

The firm has a market capitalization of $254.66 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.46 and a beta of 0.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a 50-day moving average price of $117.76 and a 200-day moving average price of $114.38.

Alibaba Group Cuts Dividend

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

Institutional Trading of Alibaba Group

Hedge funds and other institutional investors have recently modified their holdings of the business. North Ridge Wealth Advisors Inc. acquired a new position in Alibaba Group in the first quarter valued at approximately $26,000. Summit Securities Group LLC boosted its position in shares of Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after buying an additional 59,000 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Alibaba Group during the first quarter worth approximately $26,000. 1248 Management LLC acquired a new position in shares of Alibaba Group during the first quarter worth approximately $26,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after buying an additional 196 shares during the period. 13.47% of the stock is owned by hedge funds and other 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.