Alibaba Group (NYSE:BABA) Trading Up 0.9%

Alibaba Group Holding Limited (NYSE:BABA)’s share price traded up 0.9% during trading on Thursday . The stock traded as high as $69.53 and last traded at $69.44. 2,809,136 shares traded hands during trading, a decline of 85% from the average session volume of 18,184,691 shares. The stock had previously closed at $68.82.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Citigroup reduced their price objective on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Macquarie cut Alibaba Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $88.50 to $85.40 in a research note on Thursday, February 8th. Robert W. Baird reduced their price objective on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Finally, Benchmark restated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.91.

Alibaba Group Trading Up 0.3 %

The business’s 50 day moving average is $73.14 and its two-hundred day moving average is $75.88. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $175.25 billion, a P/E ratio of 12.74 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. During the same quarter last year, the firm posted $2.44 earnings per share. Alibaba Group’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Savant Capital LLC raised its position in Alibaba Group by 2.7% in the third quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer’s stock worth $413,000 after acquiring an additional 127 shares in the last quarter. Johnson Investment Counsel Inc. increased its stake in Alibaba Group by 2.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer’s stock worth $584,000 after purchasing an additional 136 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in Alibaba Group by 4.6% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 3,170 shares of the specialty retailer’s stock worth $275,000 after purchasing an additional 140 shares in the last quarter. Clearstead Advisors LLC increased its stake in Alibaba Group by 32.9% in the 3rd quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock worth $50,000 after purchasing an additional 142 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Alibaba Group by 6.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,464 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 142 shares in the last quarter. 13.47% of the stock is currently 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.