Alibaba Group (NYSE:BABA) Trading 0.8% Higher – What’s Next?

Alibaba Group Holding Limited (NYSE:BABA) was up 0.8% during trading on Monday . The company traded as high as $87.36 and last traded at $86.22. Approximately 7,186,703 shares were traded during trading, a decline of 7% from the average daily volume of 7,763,135 shares. The stock had previously closed at $85.54.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BABA. Robert W. Baird increased their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays lowered their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Mizuho increased their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Finally, Bank of America increased their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Trading Down 0.1 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company has a 50-day moving average of $89.11 and a 200 day moving average of $87.21. The company has a market cap of $203.85 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results 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 quarter in the prior year, the firm posted $1.82 EPS. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts predict that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Institutional Trading of Alibaba Group

Several institutional investors have recently added to or reduced their stakes in BABA. Concord Wealth Partners boosted its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Alibaba Group during the second quarter valued at $27,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the third quarter worth about $36,000. Assetmark Inc. increased its stake in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the period. Finally, Asset Dedication LLC lifted its holdings in Alibaba Group by 315.0% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 400 shares in the last quarter. 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.