Alibaba Group (NYSE:BABA) Trading Down 0.4% - Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price dropped 0.4% during mid-day trading on Thursday . The stock traded as low as $117.58 and last traded at $118.46. Approximately 3,282,080 shares were traded during trading, a decline of 84% from the average daily volume of 20,672,509 shares. The stock had previously closed at $118.97.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Barclays upped their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Citigroup reduced their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Fourteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Alibaba Group currently has an average rating of "Buy" and an average target price of $150.36.

Alibaba Group Price Performance

The stock has a fifty day moving average of $126.47 and a two-hundred day moving average of $104.80. The stock has a market cap of $282.87 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth 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.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Institutional Trading of Alibaba Group

Large investors have recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in shares of Alibaba Group in the first quarter valued at approximately $31,000. Bruce G. Allen Investments LLC purchased a new position in Alibaba Group during the first quarter worth approximately $31,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Alibaba Group in the 1st quarter valued at $35,000. Valley National Advisers Inc. grew its stake in shares of Alibaba Group by 151.9% during the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after buying an additional 161 shares during the period. Finally, ORG Partners LLC increased its holdings in shares of Alibaba Group by 950.0% during the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after buying an additional 285 shares during the last quarter. 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.