Alibaba Group (NYSE:BABA) Trading 4.8% Higher - Still a Buy?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price shot up 4.8% on Tuesday . The company traded as high as $103.03 and last traded at $103.31. 11,602,426 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 19,993,895 shares. The stock had previously closed at $98.61.

Analyst Ratings Changes

Several research analysts recently issued reports on BABA shares. StockNews.com downgraded shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. 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. Citigroup upped their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Barclays dropped their price target on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Finally, Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $115.86.

Alibaba Group Stock Up 3.3 %

The firm has a market capitalization of $246.69 billion, a PE ratio of 21.04, a PEG ratio of 0.42 and a beta of 0.31. The company has a fifty day moving average price of $88.04 and a 200-day moving average price of $89.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 earnings per share. As a group, analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BABA. Concord Wealth Partners boosted 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 worth $27,000 after acquiring an additional 155 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in Alibaba Group during the 3rd quarter worth $36,000. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the 4th quarter valued at $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group in the fourth quarter worth $32,000. Finally, Assetmark Inc. increased its position in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock valued at $42,000 after buying an additional 275 shares in the last quarter. 13.47% of the stock is 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.