Alibaba Group (NYSE:BABA) Stock Price Up 0.6%

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price shot up 0.6% during trading on Monday . The stock traded as high as $76.13 and last traded at $76.02. 4,924,961 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 17,811,799 shares. The stock had previously closed at $75.55.

Analysts Set New Price Targets

Several research firms have recently commented on BABA. Susquehanna dropped their target price on shares of Alibaba Group from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, February 8th. Citigroup dropped their target price on shares of Alibaba Group from $126.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th. Robert W. Baird dropped their target price on shares of Alibaba Group from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, January 19th. Macquarie cut shares of Alibaba Group from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Alibaba Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.91.

Alibaba Group Stock Performance

The firm has a market capitalization of $193.87 billion, a P/E ratio of 14.10 and a beta of 0.46. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The business's 50 day simple moving average is $73.24 and its two-hundred day simple moving average is $75.27.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts' consensus estimates of $19.12 by ($0.15). The firm had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 earnings per share. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

Institutional Trading of Alibaba Group

A number of large investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. grew its stake in shares of Alibaba Group by 14.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,092 shares of the specialty retailer's stock worth $223,000 after acquiring an additional 382 shares during the period. Meritage Portfolio Management bought a new stake in shares of Alibaba Group in the first quarter worth approximately $14,129,000. HighMark Wealth Management LLC grew its stake in shares of Alibaba Group by 135.9% in the first quarter. HighMark Wealth Management LLC now owns 1,717 shares of the specialty retailer's stock worth $124,000 after acquiring an additional 989 shares during the period. Sycomore Asset Management grew its stake in shares of Alibaba Group by 150.0% in the first quarter. Sycomore Asset Management now owns 5,000 shares of the specialty retailer's stock worth $368,000 after acquiring an additional 3,000 shares during the period. Finally, Caas Capital Management LP grew its stake in shares of Alibaba Group by 31.3% in the first quarter. Caas Capital Management LP now owns 13,000 shares of the specialty retailer's stock worth $941,000 after acquiring an additional 3,100 shares during the period. 13.47% of the stock is currently 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.