Alibaba Group (NYSE:BABA) Stock Price Up 2%

Shares of Alibaba Group Holding Limited (NYSE:BABA) rose 2% on Wednesday . The company traded as high as $74.21 and last traded at $73.97. Approximately 6,126,259 shares were traded during trading, a decline of 66% from the average daily volume of 17,969,154 shares. The stock had previously closed at $72.51.

Wall Street Analyst Weigh In

BABA has been the subject of a number of research reports. Barclays reduced their price objective on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a research report on Friday, January 12th. Susquehanna reduced their price objective on Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 8th. Macquarie cut Alibaba Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. Morgan Stanley reissued an “equal weight” rating and set a $85.00 price objective on shares of Alibaba Group in a research report on Tuesday, April 9th. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group Stock Up 2.0 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $194.42 billion, a P/E ratio of 13.86 and a beta of 0.46. The firm has a 50 day moving average of $73.16 and a 200-day moving average of $75.56.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. During the same quarter in the prior year, the company posted $2.44 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

A number of large investors have recently bought and sold shares of BABA. Sanders Capital LLC grew its position in Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after acquiring an additional 11,473,618 shares during the last quarter. Norges Bank acquired a new position in Alibaba Group during the 4th quarter worth $329,367,000. Assenagon Asset Management S.A. lifted its holdings in Alibaba Group by 461.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after buying an additional 3,464,723 shares in the last quarter. Blue Pool Management Ltd. acquired a new position in Alibaba Group during the 4th quarter worth $151,726,000. Finally, H&H International Investment LLC lifted its holdings in Alibaba Group by 63.1% during the 4th quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock worth $384,390,000 after buying an additional 1,918,730 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.