Alibaba Group (NYSE:BABA) Shares Up 1.4% - Time to Buy?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares traded up 1.4% during trading on Friday . The company traded as high as $126.80 and last traded at $121.18. 27,143,777 shares traded hands during trading, an increase of 12% from the average session volume of 24,300,139 shares. The stock had previously closed at $119.54.

Analyst Ratings Changes

Several analysts have recently commented on BABA shares. Mizuho raised their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Robert W. Baird upped their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday. Barclays dropped their target price on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Benchmark reiterated a "buy" rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has an average rating of "Moderate Buy" and a consensus price target of $116.93.

Alibaba Group Stock Down 1.0 %

The stock has a market capitalization of $298.36 billion, a P/E ratio of 25.47, a PEG ratio of 0.53 and a beta of 0.31. The stock has a 50 day moving average price of $93.37 and a 200-day moving average price of $92.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Institutional Investors Weigh In On Alibaba Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Concord Wealth Partners lifted its position in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after buying an additional 155 shares during the period. Highline Wealth Partners LLC bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $36,000. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the 4th quarter worth about $31,000. Sierra Ocean LLC purchased a new position in shares of Alibaba Group in the 4th quarter worth $32,000. Finally, Assetmark Inc. boosted its position in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

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.