Alibaba Group (NYSE:BABA) Shares Down 2.5% - Should You Sell?

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) dropped 2.5% during mid-day trading on Friday . The stock traded as low as $113.32 and last traded at $113.65. Approximately 3,687,455 shares were traded during trading, a decline of 81% from the average daily volume of 19,930,666 shares. The stock had previously closed at $116.62.

Wall Street Analysts Forecast Growth

BABA has been the subject of several research reports. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research report on Wednesday, May 14th. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Mizuho decreased their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of "Buy" and a consensus price target of $154.21.

Alibaba Group Price Performance

The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a market cap of $268.93 billion, a P/E ratio of 16.29, a PEG ratio of 0.61 and a beta of 0.22. The business has a fifty day moving average of $118.35 and a 200 day moving average of $110.93.

Alibaba Group Cuts Dividend

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

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 1248 Management LLC bought a new stake in shares of Alibaba Group during the 1st quarter worth about $26,000. Integrity Wealth Advisors Inc. boosted its holdings in shares of Alibaba Group by 43.7% during the 1st quarter. Integrity Wealth Advisors Inc. now owns 4,376 shares of the specialty retailer's stock worth $579,000 after buying an additional 1,330 shares during the period. Modern Wealth Management LLC boosted its holdings in shares of Alibaba Group by 5.9% during the 1st quarter. Modern Wealth Management LLC now owns 2,757 shares of the specialty retailer's stock worth $365,000 after buying an additional 154 shares during the period. Strs Ohio bought a new stake in shares of Alibaba Group during the 1st quarter worth about $63,433,000. Finally, Turn8 Private Wealth Inc. bought a new stake in shares of Alibaba Group during the 1st quarter worth about $727,000. Institutional investors own 13.47% of the company's stock.

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.