Alibaba Group (NYSE:BABA) Stock Price Up 3.7% - What's Next?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price traded up 3.7% on Friday . The stock traded as high as $126.62 and last traded at $124.93. 7,590,509 shares changed hands during trading, a decline of 73% from the average session volume of 28,061,742 shares. The stock had previously closed at $120.53.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho raised Alibaba Group to a "strong-buy" rating in a report on Friday, April 18th. Bank of America upped their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Benchmark boosted their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Fourteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Trading Up 4.4 %

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 company has a 50 day moving average of $125.16 and a 200 day moving average of $105.33. The stock has a market capitalization of $300.54 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) 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 return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. On average, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Inlight Wealth Management LLC acquired a new position in Alibaba Group during the first quarter worth $31,000. Bruce G. Allen Investments LLC purchased a new position in shares of Alibaba Group during the 1st quarter worth $31,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Alibaba Group during the 1st quarter valued at about $35,000. Valley National Advisers Inc. grew its holdings in shares of Alibaba Group by 151.9% in the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 161 shares during the period. Finally, ORG Partners LLC increased its position in Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 285 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

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.