Alibaba Group (NYSE:BABA) Stock Price Down 0.1% – Should You Sell?

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BABA. JPMorgan Chase & Co. increased their price target 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. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Robert W. Baird boosted their price target on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Finally, Barclays boosted their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alibaba Group currently has an average rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Trading Down 3.0 %

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 firm has a market cap of $314.70 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The business’s fifty day moving average is $100.36 and its 200-day moving average is $94.79.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results 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 business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Institutional Investors Weigh In On Alibaba Group

A number of institutional investors have recently made changes to their positions in BABA. Pinnacle Wealth Planning Services Inc. lifted its stake 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 worth $266,000 after acquiring an additional 108 shares during the period. LM Advisors LLC bought a new position in Alibaba Group during the 4th quarter worth approximately $855,000. Lakeshore Capital Group Inc. acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $1,194,000. Garde Capital Inc. boosted its stake in shares of Alibaba Group by 45.5% in the 4th quarter. Garde Capital Inc. now owns 1,696 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 530 shares during the last quarter. Finally, Great Valley Advisor Group Inc. increased its position in shares of Alibaba Group by 10.3% during the fourth quarter. Great Valley Advisor Group Inc. now owns 27,077 shares of the specialty retailer’s stock worth $2,295,000 after buying an additional 2,518 shares during the period. 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.