Alibaba Group (NYSE:BABA) Stock Price Up 2.4%

Alibaba Group Holding Limited (NYSE:BABA)’s share price rose 2.4% during trading on Tuesday . The company traded as high as $72.77 and last traded at $72.37. Approximately 6,891,418 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 18,018,676 shares. The stock had previously closed at $70.68.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent analyst reports. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Citigroup dropped their price objective on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Mizuho reiterated a “buy” rating and issued a $95.00 price objective on shares of Alibaba Group in a research note on Wednesday, March 27th. The Goldman Sachs Group dropped their price objective on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Robert W. Baird dropped their price objective on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group Stock Performance

The stock has a market capitalization of $189.37 billion, a price-to-earnings ratio of 13.77 and a beta of 0.46. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average is $73.14 and its two-hundred day moving average is $75.57.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. During the same period in the previous year, the company posted $2.44 earnings per share. Alibaba Group’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Large investors have recently modified their holdings of the business. Morgan Stanley boosted its stake in shares of Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after buying an additional 1,406,491 shares during the last quarter. Sanders Capital LLC boosted its stake in shares of Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after buying an additional 11,473,618 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Alibaba Group by 299.9% during the 4th quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock worth $6,428,000 after buying an additional 62,163 shares during the last quarter. Fiduciary Alliance LLC boosted its stake in shares of Alibaba Group by 27.1% during the 3rd quarter. Fiduciary Alliance LLC now owns 14,275 shares of the specialty retailer’s stock worth $1,238,000 after buying an additional 3,040 shares during the last quarter. Finally, Certuity LLC boosted its stake in shares of Alibaba Group by 122.2% during the 3rd quarter. Certuity LLC now owns 113,704 shares of the specialty retailer’s stock worth $9,863,000 after buying an additional 62,543 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

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.