Alibaba Group (NYSE:BABA) Trading 1.4% Higher - Here's What Happened

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares rose 1.4% during mid-day trading on Tuesday . The stock traded as high as $87.28 and last traded at $87.25. Approximately 4,687,911 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 17,395,709 shares. The stock had previously closed at $86.06.

Analyst Ratings Changes

BABA has been the subject of several research reports. Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Susquehanna reduced their target price on shares of Alibaba Group from $135.00 to $130.00 and set a "positive" rating for the company in a research note on Monday, August 19th. Macquarie upgraded shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target on the stock in a research note on Monday, October 7th. Barclays decreased their price objective on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 19th. Finally, StockNews.com lowered shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.07.

Alibaba Group Trading Up 1.3 %

The firm's 50-day simple moving average is $93.74 and its 200-day simple moving average is $86.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $208.28 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $1.82 earnings per share. Equities analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BABA. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group during the 2nd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Alibaba Group during the 2nd quarter worth approximately $27,000. Concord Wealth Partners raised its position in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the 3rd quarter worth approximately $36,000. Finally, Asset Dedication LLC lifted its stake in shares of Alibaba Group by 315.0% in the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer's stock valued at $38,000 after purchasing an additional 400 shares during the period. Hedge funds and other 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.