Alibaba Group (NYSE:BABA) Trading Up 0.2% – Should You Buy?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price was up 0.2% during trading on Thursday . The company traded as high as $90.00 and last traded at $89.20. Approximately 4,574,613 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 17,471,047 shares. The stock had previously closed at $88.98.

Analysts Set New Price Targets

Several research firms recently commented on BABA. Truist Financial dropped their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Susquehanna decreased their target price on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. Sanford C. Bernstein upped their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a report on Friday, August 23rd. Finally, Loop Capital restated a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a report on Thursday, August 29th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $114.07.

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 stock has a fifty day simple moving average of $95.83 and a two-hundred day simple moving average of $86.23. The stock has a market cap of $213.17 billion, a PE ratio of 18.09, a PEG ratio of 0.42 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last released its quarterly 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 net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same period last year, the business earned $1.82 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Concord Wealth Partners raised its position in shares of Alibaba Group by 155.0% in 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. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group in the second quarter valued at $27,000. Highline Wealth Partners LLC bought a new position in Alibaba Group during the 3rd quarter valued at $36,000. First Command Advisory Services Inc. acquired a new position in Alibaba Group during the 2nd quarter worth $25,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

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.