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

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) gapped down prior to trading 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 traded.

Wall Street Analyst Weigh In

BABA has been the topic of several research reports. Citigroup reduced their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Loop Capital set a $176.00 price objective on Alibaba Group in a research report on Friday, May 16th. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Benchmark decreased their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Finally, Arete downgraded Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research report on Tuesday, June 24th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.13.

Alibaba Group Stock Performance

The stock has a market cap of $248.84 billion, a P/E ratio of 14.00, a PEG ratio of 0.47 and a beta of 0.22. The business has a 50 day moving average price of $118.42 and a 200 day moving average price of $114.09. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is currently 13.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BABA. Brighton Jones LLC grew its stake in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 981 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Alibaba Group by 96.0% in the fourth quarter. Bank of New York Mellon Corp now owns 172,748 shares of the specialty retailer's stock worth $14,647,000 after purchasing an additional 84,604 shares in the last quarter. Victory Capital Management Inc. bought a new position in Alibaba Group in the fourth quarter worth approximately $1,063,000. Assetmark Inc. grew its stake in Alibaba Group by 3,405.5% in the fourth quarter. Assetmark Inc. now owns 13,917 shares of the specialty retailer's stock worth $1,180,000 after purchasing an additional 13,520 shares in the last quarter. Finally, Amundi grew its stake in Alibaba Group by 80.0% in the fourth quarter. Amundi now owns 646,058 shares of the specialty retailer's stock worth $54,069,000 after purchasing an additional 287,127 shares in the last quarter. Institutional investors 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.