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

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) traded up 0.1% on Tuesday . The stock traded as high as $136.25 and last traded at $134.68. 8,990,459 shares changed hands during trading, a decline of 53% from the average session volume of 19,036,118 shares. The stock had previously closed at $134.48.

Analyst Ratings Changes

BABA has been the subject of several recent analyst reports. Bank of America increased their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Robert W. Baird increased their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Barclays lifted their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Benchmark raised their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, StockNews.com cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $148.14.

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Alibaba Group Stock Performance

The firm has a market capitalization of $313.84 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock's fifty day moving average is $120.65 and its two-hundred day moving average is $102.09.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data 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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. On average, analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BABA. Foundations Investment Advisors LLC increased its holdings in shares of Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock valued at $13,180,000 after purchasing an additional 27,088 shares during the last quarter. Berkshire Asset Management LLC PA acquired a new position in Alibaba Group in the 4th quarter valued at about $911,000. Exchange Traded Concepts LLC raised its holdings in Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock valued at $6,343,000 after acquiring an additional 42,446 shares during the period. Bailard Inc. boosted its holdings in shares of Alibaba Group by 46.3% during the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after acquiring an additional 3,242 shares during the period. Finally, Aspex Management HK Ltd acquired a new position in shares of Alibaba Group in the third quarter valued at approximately $115,995,000. 13.47% of the stock is owned by institutional investors and hedge funds.

About Alibaba Group

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.