Alibaba Group (NYSE:BABA) Trading Up 0.1% – What’s Next?

Shares of Alibaba Group Holding Limited (NYSE:BABA) were up 0.1% during trading on Tuesday . The company traded as high as $86.90 and last traded at $85.17. Approximately 5,969,419 shares were traded during trading, a decline of 48% from the average daily volume of 11,455,344 shares. The stock had previously closed at $85.12.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BABA. Barclays dropped their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Citigroup boosted their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Bank of America increased their target price on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Mizuho boosted their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $204.98 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.45 and a beta of 0.30. The stock’s fifty day moving average price is $85.62 and its two-hundred day moving average price is $88.00.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter last year, the business posted $1.82 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Institutional Investors Weigh In On Alibaba Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL bought a new stake in shares of Alibaba Group during the second quarter worth $27,000. Concord Wealth Partners boosted its holdings in shares of 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 acquiring an additional 155 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the 4th quarter valued at $31,000. Highline Wealth Partners LLC bought a new stake in Alibaba Group during the 3rd quarter worth $36,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Alibaba Group in the 2nd quarter worth about $38,000. 13.47% of the stock is owned by institutional investors.

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.