Alibaba Group (NYSE:BABA) Shares Down 2.4% - Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price was down 2.4% during mid-day trading on Friday . The company traded as low as $81.70 and last traded at $82.31. Approximately 7,980,854 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 17,350,818 shares. The stock had previously closed at $84.31.

Analyst Ratings Changes

BABA has been the subject of a number of research reports. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Morgan Stanley reiterated an "equal weight" rating and set a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. Loop Capital restated a "buy" rating and issued a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Benchmark reissued a "buy" rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Finally, Bank of America increased their target price on Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.07.

Alibaba Group Price Performance

The company has a market capitalization of $196.63 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a 50 day simple moving average of $92.23 and a 200 day simple moving average of $86.50.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The company's revenue was up 5.2% on a year-over-year basis. As a group, research analysts predict that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Institutional Investors Weigh In On Alibaba Group

Institutional investors and hedge funds have recently modified their holdings of the stock. First Command Advisory Services Inc. acquired a new position in Alibaba Group during the 2nd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group during the second quarter worth $27,000. Concord Wealth Partners boosted its stake in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 155 shares during the period. Highline Wealth Partners LLC acquired a new stake in Alibaba Group during the 3rd quarter valued at $36,000. Finally, Asset Dedication LLC increased its stake in Alibaba Group by 315.0% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer's stock worth $38,000 after buying an additional 400 shares during the period. Hedge funds and other 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.