Alibaba Group (NYSE:BABA) Trading Up 0.3%

Shares of Alibaba Group Holding Limited (NYSE:BABA) shot up 0.3% during trading on Monday . The stock traded as high as $82.22 and last traded at $81.55. 5,919,790 shares were traded during mid-day trading, a decline of 67% from the average session volume of 17,872,547 shares. The stock had previously closed at $81.33.

Analyst Ratings Changes

BABA has been the subject of several research reports. Barclays lowered their price objective on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a research report on Friday, January 12th. The Goldman Sachs Group reduced their price objective on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a report on Tuesday, April 9th. Benchmark restated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research note on Wednesday, April 10th. Finally, Mizuho reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Alibaba Group in a research note on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.49.

Alibaba Group Price Performance

The firm has a market cap of $199.12 billion, a PE ratio of 14.48 and a beta of 0.44. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $73.60 and a two-hundred day moving average price of $75.11.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.44 EPS. As a group, equities analysts expect that Alibaba Group Holding Limited will post 7.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BABA. Bank of New York Mellon Corp grew its holdings in Alibaba Group by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 564,181 shares of the specialty retailer’s stock worth $48,937,000 after acquiring an additional 16,625 shares during the period. Brown Advisory Inc. boosted its holdings in Alibaba Group by 29.9% during the third quarter. Brown Advisory Inc. now owns 23,308 shares of the specialty retailer’s stock worth $2,022,000 after buying an additional 5,361 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Alibaba Group by 28.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 533,998 shares of the specialty retailer’s stock valued at $46,311,000 after buying an additional 116,898 shares during the period. Advisor Partners II LLC raised its position in shares of Alibaba Group by 12.6% in the third quarter. Advisor Partners II LLC now owns 23,125 shares of the specialty retailer’s stock worth $2,006,000 after acquiring an additional 2,585 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter worth about $1,045,000. 13.47% of the stock is currently owned by hedge funds and other 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.