Alibaba Group (NYSE:BABA) Trading 0.6% Higher

Alibaba Group Holding Limited (NYSE:BABA) traded up 0.6% during trading on Monday . The company traded as high as $76.13 and last traded at $76.02. 4,924,961 shares were traded during mid-day trading, a decline of 72% from the average session volume of 17,811,799 shares. The stock had previously closed at $75.55.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Benchmark reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, April 10th. Citigroup reduced their target price on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their price objective on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Mizuho restated a “buy” rating and set a $95.00 price objective on shares of Alibaba Group in a research report on Wednesday, March 27th. Finally, Robert W. Baird dropped their target price on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.91.

Alibaba Group Trading Up 1.1 %

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 stock has a fifty day simple moving average of $73.19 and a 200 day simple moving average of $75.33. The firm has a market capitalization of $193.79 billion, a P/E ratio of 14.03 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The firm had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.44 EPS. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

Institutional Trading of Alibaba Group

Institutional investors have recently added to or reduced their stakes in the company. Primecap Management Co. CA raised its stake in shares of Alibaba Group by 5.1% during the fourth quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock valued at $1,412,618,000 after acquiring an additional 881,710 shares in the last quarter. Sanders Capital LLC raised its stake in shares of Alibaba Group by 5.4% during the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock valued at $1,228,398,000 after acquiring an additional 819,019 shares in the last quarter. Morgan Stanley raised its stake in shares of Alibaba Group by 13.8% during the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after acquiring an additional 1,406,491 shares in the last quarter. FIL Ltd raised its stake in shares of Alibaba Group by 10.2% during the fourth quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock valued at $823,986,000 after acquiring an additional 983,842 shares in the last quarter. Finally, H&H International Investment LLC raised its stake in Alibaba Group by 63.1% in the fourth 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. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

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.