Alibaba Group (NYSE:BABA) Stock Price Up 0.1% - Here's What Happened

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price was up 0.1% during mid-day trading on Tuesday . The stock traded as high as $86.90 and last traded at $85.17. Approximately 5,969,419 shares were traded during trading, a decline of 48% from the average daily volume of 11,455,344 shares. The stock had previously closed at $85.12.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Robert W. Baird upped their price target on Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. StockNews.com cut shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. Macquarie raised Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. Benchmark reissued a "buy" rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Finally, Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $115.13.

Alibaba Group Price Performance

The stock has a market cap of $203.66 billion, a P/E ratio of 17.34, a P/E/G ratio of 0.45 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The business has a 50 day simple moving average of $85.85 and a 200-day simple moving average of $87.93.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. DGS Capital Management LLC boosted its holdings in shares of Alibaba Group by 3.9% in the fourth quarter. DGS Capital Management LLC now owns 5,106 shares of the specialty retailer's stock worth $433,000 after acquiring an additional 191 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Alibaba Group by 0.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 448,731 shares of the specialty retailer's stock valued at $38,048,000 after buying an additional 2,319 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock worth $6,343,000 after buying an additional 42,446 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Alibaba Group by 180.1% in the fourth quarter. Sound Income Strategies LLC now owns 3,723 shares of the specialty retailer's stock valued at $316,000 after acquiring an additional 2,394 shares during the period. Finally, Brighton Jones LLC grew its stake in Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after acquiring an additional 981 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

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.

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