Alibaba Group (NYSE:BABA) Shares Down 1.9% - Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price was down 1.9% during trading on Monday . The stock traded as low as $118.85 and last traded at $117.95. Approximately 2,741,237 shares traded hands during trading, a decline of 87% from the average daily volume of 20,675,504 shares. The stock had previously closed at $120.28.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Citigroup cut their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. boosted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Barclays boosted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Fourteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Alibaba Group has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Trading Up 0.5 %

The company has a 50-day simple moving average of $125.49 and a 200-day simple moving average of $105.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $285.38 billion, a P/E ratio of 17.26, a P/E/G ratio of 0.61 and a beta of 0.24.

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

Institutional Investors Weigh In On Alibaba Group

A number of institutional investors and hedge funds have recently made changes to their positions in BABA. Foundations Investment Advisors LLC grew its stake in shares of Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock worth $13,180,000 after purchasing an additional 27,088 shares during the period. Berkshire Asset Management LLC PA acquired a new stake in shares of Alibaba Group during the fourth quarter worth $911,000. Exchange Traded Concepts LLC grew its stake in shares of Alibaba Group by 131.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock worth $6,343,000 after purchasing an additional 42,446 shares during the period. Bailard Inc. grew its stake in shares of Alibaba Group by 46.3% during the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after purchasing an additional 3,242 shares during the period. Finally, Park Avenue Securities LLC grew its stake in shares of Alibaba Group by 31.3% during the fourth quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer's stock worth $1,566,000 after purchasing an additional 4,397 shares during the period. 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.