Alibaba Group (NYSE:BABA) Stock Price Up 0.9%

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shot up 0.9% during mid-day trading on Thursday . The stock traded as high as $69.53 and last traded at $69.44. 2,809,136 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 18,184,691 shares. The stock had previously closed at $68.82.

Analysts Set New Price Targets

BABA has been the topic of a number of recent analyst reports. Susquehanna dropped their price target on Alibaba Group from $150.00 to $135.00 and set a "positive" rating on the stock in a report on Thursday, February 8th. Barclays lowered their price target on shares of Alibaba Group from $138.00 to $109.00 and set an "overweight" rating on the stock in a report on Friday, January 12th. Benchmark reissued a "buy" rating and set a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, April 10th. Robert W. Baird lowered their target price on Alibaba Group from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, January 19th. Finally, Macquarie downgraded Alibaba Group from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $88.50 to $85.40 in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $112.91.

Alibaba Group Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The stock's 50 day moving average is $73.20 and its 200-day moving average is $76.00. The company has a market capitalization of $174.78 billion, a P/E ratio of 12.71 and a beta of 0.46.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing analysts' consensus estimates of $19.12 by ($0.15). The firm had revenue of $260.35 billion during the quarter, compared to analysts' expectations of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.44 EPS. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.76 earnings per share for the current year.

Hedge Funds Weigh In On Alibaba Group

Several large investors have recently modified their holdings of the stock. Morgan Stanley raised its holdings in Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer's stock worth $1,007,058,000 after buying an additional 1,406,491 shares during the last quarter. Sanders Capital LLC boosted its stake in Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer's stock valued at $1,303,636,000 after purchasing an additional 11,473,618 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Alibaba Group by 299.9% in the 4th quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer's stock worth $6,428,000 after purchasing an additional 62,163 shares in the last quarter. Fiduciary Alliance LLC raised its stake in shares of Alibaba Group by 27.1% in the third quarter. Fiduciary Alliance LLC now owns 14,275 shares of the specialty retailer's stock worth $1,238,000 after purchasing an additional 3,040 shares during the last quarter. Finally, Certuity LLC lifted its holdings in shares of Alibaba Group by 122.2% during the third quarter. Certuity LLC now owns 113,704 shares of the specialty retailer's stock valued at $9,863,000 after purchasing an additional 62,543 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

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.