Alibaba Group (NYSE:BABA) Trading Down 0.1% - Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price dropped 0.1% on Thursday . The company traded as low as $135.87 and last traded at $138.92. Approximately 11,929,126 shares traded hands during trading, a decline of 62% from the average daily volume of 31,431,324 shares. The stock had previously closed at $139.08.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Morgan Stanley upgraded shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Benchmark increased their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Barclays increased their price objective 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. Finally, Mizuho increased their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Fifteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Buy" and an average price target of $144.07.

Alibaba Group Price Performance

The stock's fifty day moving average is $100.36 and its 200-day moving average is $94.99. The stock has a market capitalization of $314.70 billion, a PE ratio of 19.14, a P/E/G ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rings Capital Management LLC raised its position in shares of Alibaba Group by 1.4% in the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after buying an additional 100 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after buying an additional 101 shares during the last quarter. Global Endowment Management LP raised its position in shares of Alibaba Group by 1.4% in the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after buying an additional 106 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in shares of Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after buying an additional 108 shares during the last quarter. Finally, TRUE Private Wealth Advisors raised its position in shares of Alibaba Group by 3.7% in the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock valued at $331,000 after buying an additional 112 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

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.