Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares traded up 0.6% during mid-day trading on Friday . The stock traded as high as $126.10 and last traded at $124.65. 6,473,589 shares traded hands during trading, a decline of 68% from the average session volume of 20,486,597 shares. The stock had previously closed at $123.90.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on BABA. Citigroup cut their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley set a $180.00 price target on Alibaba Group in a research note on Wednesday. Bank of America lifted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $149.86.
View Our Latest Research Report on Alibaba Group
Alibaba Group Stock Performance
The firm has a market cap of $296.75 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The stock has a 50-day moving average of $123.70 and a 200-day moving average of $107.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.
Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.
Institutional Trading of Alibaba Group
Several large investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Alibaba Group during the fourth quarter worth about $585,479,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Alibaba Group by 3,214.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock worth $578,992,000 after purchasing an additional 4,246,564 shares during the period. Goldman Sachs Group Inc. grew its stake in Alibaba Group by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock valued at $2,069,144,000 after acquiring an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock valued at $1,136,554,000 after acquiring an additional 2,584,480 shares during the period. Finally, Trivest Advisors Ltd acquired a new stake in Alibaba Group in the first quarter valued at approximately $295,270,000. 13.47% of the stock is owned by institutional investors and hedge funds.
About Alibaba Group
(
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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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