Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price rose 0.3% during trading on Monday after Citigroup raised their price target on the stock from $133.00 to $138.00. Citigroup currently has a buy rating on the stock. Alibaba Group traded as high as $81.08 and last traded at $80.80. Approximately 3,626,866 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 10,821,382 shares. The stock had previously closed at $80.53.
Other analysts have also recently issued reports about the company. Bank of America boosted their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Robert W. Baird raised their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Mizuho boosted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. StockNews.com downgraded Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Finally, Barclays decreased their price target on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $115.13.
Read Our Latest Stock Analysis on Alibaba Group
Institutional Investors Weigh In On Alibaba Group
Hedge funds have recently made changes to their positions in the business. Generate Investment Management Ltd purchased a new stake in Alibaba Group in the third quarter worth $12,656,000. Nations Financial Group Inc. IA ADV increased its holdings in Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer's stock worth $3,047,000 after acquiring an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer's stock valued at $87,327,000 after acquiring an additional 50,000 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Alibaba Group by 7,734.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer's stock valued at $28,632,000 after purchasing an additional 266,361 shares during the last quarter. Finally, Aspex Management HK Ltd bought a new position in Alibaba Group during the third quarter worth about $115,995,000. 13.47% of the stock is currently owned by institutional investors.
Alibaba Group Price Performance
The firm's 50 day moving average price is $87.23 and its two-hundred day moving average price is $87.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $191.97 billion, a PE ratio of 16.34, a P/E/G ratio of 0.44 and a beta of 0.30.
Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping 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%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. On average, research analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.
About Alibaba Group
(
Get Free Report)
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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