Alibaba Group (NYSE:BABA) Shares Up 1.7%

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) rose 1.7% on Tuesday . The stock traded as high as $85.77 and last traded at $85.02. Approximately 3,936,203 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 16,293,742 shares. The stock had previously closed at $83.60.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein increased their price target on Alibaba Group from $80.00 to $85.00 and gave the stock a "market perform" rating in a research report on Friday, August 16th. Susquehanna cut their target price on shares of Alibaba Group from $135.00 to $130.00 and set a "positive" rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $116.00 price target on shares of Alibaba Group in a research report on Friday, July 26th. Morgan Stanley reiterated an "equal weight" rating and set a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. Finally, Loop Capital restated a "buy" rating and set a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Three 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 presently has a consensus rating of "Moderate Buy" and an average target price of $107.61.

Alibaba Group Trading Up 1.3 %

The firm has a market cap of $214.93 billion, a PE ratio of 19.74, a P/E/G ratio of 0.43 and a beta of 0.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The company has a 50 day simple moving average of $80.25 and a two-hundred day simple moving average of $77.35.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the prior year, the firm earned $2.47 earnings per share. Alibaba Group's revenue for the quarter was up 3.9% on a year-over-year basis. Analysts expect that Alibaba Group Holding Limited will post 7.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in Alibaba Group in the fourth quarter valued at approximately $329,367,000. H&H International Investment LLC lifted its stake in shares of Alibaba Group by 63.1% in the 4th quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer's stock valued at $384,390,000 after purchasing an additional 1,918,730 shares during the period. Ruffer LLP boosted its holdings in Alibaba Group by 139.2% during the fourth quarter. Ruffer LLP now owns 3,140,839 shares of the specialty retailer's stock worth $243,430,000 after buying an additional 1,828,019 shares in the last quarter. AMF Tjanstepension AB grew its position in Alibaba Group by 79.5% during the second quarter. AMF Tjanstepension AB now owns 2,610,884 shares of the specialty retailer's stock valued at $188,197,000 after buying an additional 1,156,479 shares during the period. Finally, Marshall Wace LLP increased its holdings in Alibaba Group by 384.2% in the second quarter. Marshall Wace LLP now owns 1,424,944 shares of the specialty retailer's stock valued at $102,596,000 after buying an additional 1,130,643 shares in the last quarter. 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.