Alibaba Group (NYSE:BABA) Trading 4.3% Higher - Should You Buy?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares rose 4.3% during trading on Monday . The company traded as high as $126.80 and last traded at $124.73. Approximately 52,592,862 shares were traded during mid-day trading, an increase of 142% from the average daily volume of 21,722,708 shares. The stock had previously closed at $119.54.

Analyst Ratings Changes

Several equities research analysts have issued reports on BABA shares. JPMorgan Chase & Co. increased their price target on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday. Bank of America lifted their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research note on Friday. Robert W. Baird increased their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Mizuho boosted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.93.

Alibaba Group Price Performance

The company has a market cap of $341.36 billion, a P/E ratio of 20.76, a PEG ratio of 0.57 and a beta of 0.31. The company has a fifty day moving average price of $95.43 and a two-hundred day moving average price of $92.99. 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 posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates 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 12.90%. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Alibaba Group in the 4th quarter valued at about $337,000. Toronto Dominion Bank grew its holdings in Alibaba Group by 89,409.6% during the fourth quarter. Toronto Dominion Bank now owns 562,120 shares of the specialty retailer's stock worth $47,662,000 after purchasing an additional 561,492 shares during the period. GF Fund Management CO. LTD. bought a new position in Alibaba Group during the fourth quarter worth about $10,303,000. Vise Technologies Inc. grew its holdings in Alibaba Group by 811.6% during the fourth quarter. Vise Technologies Inc. now owns 25,644 shares of the specialty retailer's stock worth $2,174,000 after purchasing an additional 22,831 shares during the period. Finally, JT Stratford LLC boosted its stake in shares of Alibaba Group by 7.8% during the 4th quarter. JT Stratford LLC now owns 6,838 shares of the specialty retailer's stock worth $580,000 after acquiring an additional 496 shares during the period. 13.47% of the stock is owned by institutional investors.

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.