Alibaba Group (NYSE:BABA) Trading 4.3% Higher – What’s Next?

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on BABA shares. StockNews.com downgraded Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Citigroup increased their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Barclays decreased their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Robert W. Baird raised their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $116.93.

Alibaba Group Stock Down 1.0 %

The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $298.36 billion, a PE ratio of 25.47, a P/E/G ratio of 0.53 and a beta of 0.31. The stock’s fifty day simple moving average is $92.64 and its 200-day simple moving average is $91.88.

Institutional Investors Weigh In On Alibaba Group

A number of institutional investors have recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted its stake in shares of Alibaba Group by 21.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after buying an additional 27,088 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after purchasing an additional 42,446 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after purchasing an additional 11,192 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Alibaba Group by 7,734.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after purchasing an additional 266,361 shares during the last quarter. Finally, Aspex Management HK Ltd bought a new stake in shares of Alibaba Group during the 3rd quarter worth $115,995,000. 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.