Alibaba Group (NYSE:BABA) Stock Price Up 4.9% - Still a Buy?

Key Points

• Alibaba Group shares increased by 4.9% on Monday, closing at $166.75 after trading as high as $168.79, with a volume surge of 14% compared to the average.
• Analyst ratings for Alibaba are predominantly positive, with one Strong Buy rating, seventeen Buy ratings, and a consensus target price of $188.06.
• The company has a market cap of $397.55 billion and a low debt-to-equity ratio of 0.19, indicating a solid financial position.

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares rose 4.9% on Monday . The stock traded as high as $168.79 and last traded at $166.75. Approximately 24,660,202 shares traded hands during trading, an increase of 14% from the average daily volume of 21,617,563 shares. The stock had previously closed at $159.01.

Analyst Ratings Changes

BABA has been the topic of several recent research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Alibaba Group in a research report on Wednesday, October 8th. Zacks Research raised shares of Alibaba Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 9th. Susquehanna raised their price objective on shares of Alibaba Group from $175.00 to $190.00 and gave the company a "positive" rating in a research report on Thursday, September 18th. Arete Research raised shares of Alibaba Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Finally, Robert W. Baird raised their price objective on shares of Alibaba Group from $153.00 to $174.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $188.06.

Alibaba Group Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $397.55 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.99 and a beta of 0.18. The firm has a fifty day simple moving average of $146.36 and a 200 day simple moving average of $127.44.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds have recently modified their holdings of the business. Traphagen Investment Advisors LLC lifted its holdings in shares of Alibaba Group by 2.0% in the third quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer's stock valued at $539,000 after purchasing an additional 59 shares in the last quarter. Accent Capital Management LLC lifted its holdings in shares of Alibaba Group by 5.5% in the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock valued at $209,000 after purchasing an additional 82 shares in the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of Alibaba Group by 1.8% in the second quarter. Cary Street Partners Financial LLC now owns 4,757 shares of the specialty retailer's stock valued at $539,000 after purchasing an additional 83 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Alibaba Group by 1.0% in the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock valued at $1,102,000 after purchasing an additional 85 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in Alibaba Group by 2.1% during the second quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer's stock worth $480,000 after acquiring an additional 88 shares during the period. 13.47% of the stock is owned by institutional investors.

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.

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