Alibaba Group (NYSE:BABA) Stock Price Up 1.2% – Here’s Why

Shares of Alibaba Group Holding Limited (NYSE:BABA) rose 1.2% during trading on Tuesday . The company traded as high as $133.88 and last traded at $133.87. Approximately 4,308,888 shares were traded during trading, a decline of 85% from the average daily volume of 28,056,590 shares. The stock had previously closed at $132.23.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price target on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Finally, Mizuho boosted their price objective on shares of Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $148.14.

Alibaba Group Stock Down 0.0 %

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a 50 day simple moving average of $122.54 and a 200-day simple moving average of $103.03. The stock has a market capitalization of $314.14 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last released 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 firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Institutional Trading of Alibaba Group

A number of hedge funds have recently modified their holdings of BABA. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group during the 4th quarter worth $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group during the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Redwood Park Advisors LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC bought a new stake in Alibaba Group during the 4th quarter worth approximately $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

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.