Alibaba Group (NYSE:BABA) Stock Price Up 1.3%

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price traded up 1.3% on Monday . The stock traded as high as $70.38 and last traded at $70.00. 5,909,426 shares traded hands during trading, a decline of 67% from the average session volume of 18,044,953 shares. The stock had previously closed at $69.07.

Analysts Set New Price Targets

A number of analysts recently commented on BABA shares. Morgan Stanley reiterated an "equal weight" rating and issued a $85.00 target price on shares of Alibaba Group in a report on Tuesday, April 9th. Barclays reduced their price objective on Alibaba Group from $138.00 to $109.00 and set an "overweight" rating for the company in a research note on Friday, January 12th. Mizuho reaffirmed a "buy" rating and set a $95.00 target price on shares of Alibaba Group in a research report on Wednesday, March 27th. Macquarie lowered Alibaba Group from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. Finally, Robert W. Baird cut their price objective on Alibaba Group from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $112.91.

Alibaba Group Stock Up 2.3 %

The firm has a market cap of $179.35 billion, a P/E ratio of 13.04 and a beta of 0.47. The business's fifty day moving average price is $73.14 and its two-hundred day moving average price is $75.76. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.44 EPS. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

Institutional Trading of Alibaba Group

Large investors have recently modified their holdings of the company. Savant Capital LLC lifted its holdings in Alibaba Group by 2.7% in the third quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer's stock valued at $413,000 after buying an additional 127 shares during the period. Johnson Investment Counsel Inc. boosted its position in shares of Alibaba Group by 2.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer's stock valued at $584,000 after purchasing an additional 136 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in Alibaba Group by 4.6% during the third quarter. Newbridge Financial Services Group Inc. now owns 3,170 shares of the specialty retailer's stock worth $275,000 after purchasing an additional 140 shares during the period. Clearstead Advisors LLC increased its holdings in Alibaba Group by 32.9% in the third quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 142 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in Alibaba Group by 45.4% during the third quarter. Pinnacle Bancorp Inc. now owns 458 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 143 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

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.