Alibaba Group (NYSE:BABA) Trading Down 0.4% – Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA) dropped 0.4% on Tuesday . The stock traded as low as $84.86 and last traded at $85.22. Approximately 3,493,930 shares were traded during trading, a decline of 80% from the average daily volume of 17,621,527 shares. The stock had previously closed at $85.58.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BABA. Benchmark reaffirmed a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Sanford C. Bernstein raised their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th. Bank of America boosted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Robert W. Baird increased their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Stock Up 1.7 %

The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market cap of $207.21 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.42 and a beta of 0.35. The stock’s 50-day moving average is $98.51 and its 200-day moving average is $86.01.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data 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 company had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

Hedge funds have recently added to or reduced their stakes in the company. Concord Wealth Partners grew its position in Alibaba Group by 155.0% in the 3rd 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. Strategic Investment Solutions Inc. IL bought a new position in shares of Alibaba Group in the second quarter valued at $27,000. Highline Wealth Partners LLC acquired a new position in shares of Alibaba Group during the third quarter valued at about $36,000. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group during the second quarter worth about $25,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds 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.