Alibaba Group (NYSE:BABA) Stock Price Down 3.5% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA) shares dropped 3.5% during mid-day trading on Tuesday . The company traded as low as $134.46 and last traded at $135.2710. Approximately 11,248,510 shares traded hands during trading, a decline of 6% from the average daily volume of 12,011,996 shares. The stock had previously closed at $140.17.

Analyst Ratings Changes

BABA has been the subject of a number of research reports. Susquehanna reduced their price objective on Alibaba Group from $190.00 to $170.00 and set a “positive” rating for the company in a research report on Thursday, March 26th. Mizuho reduced their price objective on Alibaba Group from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. JPMorgan Chase & Co. reduced their price objective on Alibaba Group from $215.00 to $205.00 and set an “overweight” rating for the company in a research report on Friday, March 20th. Weiss Ratings cut Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Finally, Robert W. Baird reduced their price objective on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $187.68.

Alibaba Group Stock Down 3.5%

The business has a 50-day simple moving average of $137.09 and a two-hundred day simple moving average of $153.52. The company has a market cap of $323.54 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 2.54 and a beta of 0.50. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%.The company had revenue of $40.71 billion during the quarter. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 4.39 earnings per share for the current fiscal year.

Institutional Trading of Alibaba Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. lifted its position in shares of Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after buying an additional 72 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Alibaba Group in the third quarter worth about $30,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Alibaba Group in the third quarter worth about $30,000. NBT Bank N A NY lifted its position in shares of Alibaba Group by 231.5% in the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after buying an additional 125 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in shares of Alibaba Group in the third quarter worth about $37,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Company Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.