Alibaba Group (NYSE:BABA) Stock Price Down 1.3% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s share price was down 1.3% during trading on Wednesday . The stock traded as low as $123.12 and last traded at $123.84. Approximately 10,117,677 shares were traded during trading, a decline of 18% from the average daily volume of 12,337,886 shares. The stock had previously closed at $125.46.

Analysts Set New Price Targets

Several analysts recently weighed in on BABA shares. Erste Group Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Zacks Research upgraded shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 24th. Arete Research upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, January 21st. Robert W. Baird cut their price target on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, Nomura boosted their price objective on Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

Alibaba Group Stock Down 1.3%

The firm’s fifty day moving average is $148.19 and its two-hundred day moving average is $157.68. The firm has a market cap of $295.66 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 3.10 and a beta of 0.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. raised its holdings in Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 72 shares in the last quarter. Mather Group LLC. bought a new position in Alibaba Group during the 3rd quarter valued at $30,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alibaba Group during the 3rd quarter valued at $30,000. NBT Bank N A NY raised its stake in shares of Alibaba Group by 231.5% in the 3rd 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 in the last quarter. Finally, Costello Asset Management INC bought a new stake in shares of Alibaba Group in the 4th quarter worth $34,000. 13.47% of the stock is currently owned by institutional investors.

About Alibaba Group

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.