Alibaba Group (NYSE:BABA) Trading Up 1.8% – Here’s What Happened

Alibaba Group Holding Limited (NYSE:BABA)’s stock price rose 1.8% on Tuesday . The company traded as high as $82.65 and last traded at $81.97. Approximately 3,508,382 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 10,781,601 shares. The stock had previously closed at $80.54.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BABA. Barclays decreased their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Mizuho raised their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Citigroup increased their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Stock Down 0.0 %

The stock has a market cap of $196.27 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 0.40 and a beta of 0.30. 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 firm’s 50 day moving average is $86.59 and its two-hundred day moving average is $87.63.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Institutional Trading of Alibaba Group

Several large investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group in the second quarter valued at approximately $27,000. Concord Wealth Partners boosted its stake in Alibaba Group by 155.0% during 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 in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the 4th quarter worth $31,000. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group in the third quarter valued at $36,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alibaba Group during the 2nd quarter valued at about $38,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

About Alibaba Group

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.