Alibaba Group (NYSE:BABA) Shares Up 0.2% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price was up 0.2% during mid-day trading on Wednesday . The company traded as high as $87.54 and last traded at $87.29. Approximately 3,630,402 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 17,621,289 shares. The stock had previously closed at $87.11.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BABA shares. Morgan Stanley reissued an “equal weight” rating and set a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. Susquehanna reduced their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. Sanford C. Bernstein boosted 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. Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Stock Down 2.2 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.41. The stock has a market capitalization of $200.36 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 0.43 and a beta of 0.35. The firm has a 50 day moving average of $98.45 and a 200-day moving average of $85.81.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same period in the prior year, the company posted $1.82 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter worth approximately $312,000. CANADA LIFE ASSURANCE Co lifted its holdings in Alibaba Group by 462.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after buying an additional 139,134 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in Alibaba Group during the 1st quarter worth $853,000. Advisors Asset Management Inc. lifted its holdings in Alibaba Group by 17.6% during the 1st quarter. Advisors Asset Management Inc. now owns 3,387 shares of the specialty retailer’s stock worth $245,000 after buying an additional 506 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in Alibaba Group by 277.5% during the 1st quarter. 1832 Asset Management L.P. now owns 80,488 shares of the specialty retailer’s stock worth $5,824,000 after buying an additional 59,167 shares in the last quarter. 13.47% of the stock is currently 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.