Alibaba Group (NYSE:BABA) Trading Up 3.6% – Here’s Why

Alibaba Group Holding Limited (NYSE:BABA)’s share price traded up 3.6% on Tuesday . The stock traded as high as $134.47 and last traded at $133.67. 18,435,631 shares changed hands during trading, a decline of 41% from the average session volume of 31,064,420 shares. The stock had previously closed at $129.04.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BABA shares. Barclays boosted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Bank of America increased their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average price target of $138.36.

Alibaba Group Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $319.03 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The firm has a fifty day moving average price of $96.29 and a 200 day moving average price of $93.43.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

A number of institutional investors have recently modified their holdings of the stock. Rings Capital Management LLC grew its holdings in Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock worth $602,000 after acquiring an additional 100 shares during the period. Lindbrook Capital LLC grew its stake in shares of Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 101 shares during the period. Global Endowment Management LP grew its stake in shares of Alibaba Group by 1.4% during the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock worth $642,000 after purchasing an additional 106 shares during the period. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 108 shares in the last quarter. Finally, TRUE Private Wealth Advisors lifted its stake in shares of Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors 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.