Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares rose 0.2% during trading on Friday . The stock traded as high as $120.24 and last traded at $119.53. Approximately 3,880,472 shares were traded during trading, a decline of 81% from the average daily volume of 20,664,627 shares. The stock had previously closed at $119.29.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on BABA shares. Robert W. Baird lifted their price target on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Barclays boosted their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Mizuho upgraded shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, April 18th. Finally, Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Fourteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Alibaba Group currently has an average rating of "Buy" and a consensus target price of $150.36.
Check Out Our Latest Report on BABA
Alibaba Group Price Performance
The business has a fifty day simple moving average of $126.47 and a 200-day simple moving average of $104.80. The stock has a market capitalization of $287.60 billion, a P/E ratio of 17.39, a PEG ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.
Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Alibaba Group
A number of hedge funds have recently added to or reduced their stakes in BABA. Marcum Wealth LLC boosted its stake in Alibaba Group by 3.2% during the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after purchasing an additional 86 shares during the last quarter. Institute for Wealth Management LLC. lifted its holdings in Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock valued at $1,134,000 after purchasing an additional 93 shares during the last quarter. Rings Capital Management LLC grew its stake in Alibaba Group by 1.4% in the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after buying an additional 100 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after purchasing an additional 101 shares during the period. Finally, Global Endowment Management LP lifted its holdings in shares of Alibaba Group by 1.4% in the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock worth $642,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.
About Alibaba Group
(
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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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