Alibaba Group (NYSE:BABA) Trading 1% Higher – What’s Next?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price traded up 1% during trading on Wednesday . The company traded as high as $82.79 and last traded at $82.53. 2,789,211 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 10,507,879 shares. The stock had previously closed at $81.68.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Bank of America raised their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Monday, October 7th. Barclays lowered their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Finally, Robert W. Baird raised their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Stock Up 1.0 %

The business’s 50-day simple moving average is $86.88 and its 200 day simple moving average is $87.66. 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 firm has a market cap of $196.52 billion, a PE ratio of 16.73, a P/E/G ratio of 0.44 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter in the previous year, the firm earned $1.82 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BABA. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Alibaba Group in the 2nd quarter valued at $27,000. Concord Wealth Partners boosted its holdings in shares of Alibaba Group by 155.0% in 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 last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group in the 4th quarter valued at $31,000. Highline Wealth Partners LLC purchased a new stake in Alibaba Group during the third quarter worth $36,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Alibaba Group during the second quarter worth $38,000. 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.