Alibaba Group (NYSE:BABA) Trading Down 2.1% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) shares dropped 2.1% on Monday . The stock traded as low as $136.22 and last traded at $137.1060. Approximately 9,662,245 shares were traded during trading, a decline of 16% from the average daily volume of 11,520,088 shares. The stock had previously closed at $140.06.

Key Headlines Impacting Alibaba Group

Here are the key news stories impacting Alibaba Group this week:

Analysts Set New Price Targets

BABA has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. DZ Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 target price on the stock. in a research report on Friday, March 20th. Robert W. Baird lowered their target price on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Arete Research upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Wednesday, January 21st. Finally, Erste Group Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $188.75.

Read Our Latest Report on BABA

Alibaba Group Stock Up 8.1%

The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market cap of $349.53 billion, a PE ratio of 27.49, a P/E/G ratio of 2.33 and a beta of 0.50. The firm’s fifty day simple moving average is $131.54 and its 200-day simple moving average is $149.73.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $35.30 billion for the quarter. Alibaba Group had a net margin of 9.12% and a return on equity of 7.43%. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 4.32 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 72.0%. Alibaba Group’s dividend payout ratio is presently 17.92%.

Hedge Funds Weigh In On Alibaba Group

Institutional investors and hedge funds have recently modified their holdings of the company. Ameriflex Group Inc. lifted its stake in shares of Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 72 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Alibaba Group during the third quarter valued at approximately $30,000. NBT Bank N A NY lifted its stake in shares of Alibaba Group by 231.5% during the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 125 shares during the period. Hoey Investments Inc. lifted its stake in shares of Alibaba Group by 95.2% during the first quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 100 shares during the period. Finally, Palisade Asset Management LLC purchased a new position in shares of Alibaba Group during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

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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.

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