Alibaba Group (NYSE:BABA) Shares Up 0.7% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price rose 0.7% during trading on Tuesday . The company traded as high as $91.45 and last traded at $90.66. Approximately 3,960,082 shares changed hands during trading, a decline of 69% from the average daily volume of 12,787,418 shares. The stock had previously closed at $89.99.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Monday, October 7th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Barclays decreased their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Citigroup increased their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Mizuho raised their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group Stock Up 6.7 %

The firm has a market capitalization of $228.63 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 0.37 and a beta of 0.30. The stock has a 50 day moving average of $85.55 and a 200 day moving average of $88.35. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the firm earned $1.82 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TRUE Private Wealth Advisors boosted its position in shares of Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after buying an additional 112 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after buying an additional 121 shares during the period. Capital Investment Advisory Services LLC boosted its position in shares of Alibaba Group by 3.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after buying an additional 124 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after buying an additional 134 shares during the period. Finally, Wynn Capital LLC boosted its position in shares of Alibaba Group by 1.0% during the fourth quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock worth $1,103,000 after buying an additional 135 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

About Alibaba Group

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.