Alibaba Group (NYSE:BABA) Stock Price Down 0.9% - Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) was down 0.9% on Monday . The stock traded as low as $107.27 and last traded at $107.90. Approximately 4,024,650 shares were traded during trading, a decline of 86% from the average daily volume of 29,723,627 shares. The stock had previously closed at $108.87.

Wall Street Analyst Weigh In

BABA has been the subject of a number of research reports. Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $100.00 to $180.00 in a research report on Monday, February 24th. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Barclays increased their price target 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. Finally, Mizuho raised shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, April 18th. Fourteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Alibaba Group has an average rating of "Buy" and a consensus price target of $150.36.

Alibaba Group Stock Down 0.3 %

The business has a 50-day moving average of $126.71 and a 200 day moving average of $104.76. The company has a market capitalization of $283.56 billion, a PE ratio of 17.15, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS 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 net margin of 12.29% and a return on equity of 12.89%. Equities research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Marcum Wealth LLC raised its stake in shares of Alibaba Group by 3.2% in the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after acquiring an additional 86 shares during the period. Institute for Wealth Management LLC. boosted its position in shares of Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock valued at $1,134,000 after buying an additional 93 shares during the period. Rings Capital Management LLC grew its stake in shares of Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after buying an additional 100 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock worth $240,000 after buying an additional 101 shares during the period. Finally, Global Endowment Management LP lifted its stake in shares of Alibaba Group by 1.4% during the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock worth $642,000 after acquiring an additional 106 shares during the last quarter. 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.