Alibaba Group (NYSE:BABA) Trading 2.4% Higher

Shares of Alibaba Group Holding Limited (NYSE:BABA) rose 2.4% on Tuesday . The company traded as high as $72.77 and last traded at $72.37. Approximately 6,891,418 shares were traded during trading, a decline of 62% from the average daily volume of 18,018,676 shares. The stock had previously closed at $70.68.

Analysts Set New Price Targets

BABA has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Robert W. Baird reduced their price objective on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Susquehanna lowered their price objective on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, February 8th. Finally, Barclays cut their target price on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a research report on Friday, January 12th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Stock Up 2.6 %

The firm has a market capitalization of $184.07 billion, a P/E ratio of 13.35 and a beta of 0.47. 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 company has a 50 day simple moving average of $73.09 and a two-hundred day simple moving average of $75.67.

Alibaba Group (NYSE:BABA) last posted its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion for 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 business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.44 earnings per share. On average, equities analysts predict that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BABA. Primecap Management Co. CA increased its holdings in shares of Alibaba Group by 5.1% in the 4th quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock worth $1,412,618,000 after buying an additional 881,710 shares during the last quarter. Sanders Capital LLC raised its position in Alibaba Group by 5.4% during the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock valued at $1,228,398,000 after purchasing an additional 819,019 shares during the period. Morgan Stanley lifted its stake in shares of Alibaba Group by 13.8% in the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after purchasing an additional 1,406,491 shares during the last quarter. FIL Ltd increased its position in shares of Alibaba Group by 10.2% during the 4th quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock valued at $823,986,000 after purchasing an additional 983,842 shares during the last quarter. Finally, H&H International Investment LLC lifted its position in Alibaba Group by 63.1% in the fourth quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock worth $384,390,000 after buying an additional 1,918,730 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other 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.