Alibaba Group (NYSE:BABA) Trading Up 2.6%

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 2.6% during mid-day trading on Monday . The company traded as high as $112.22 and last traded at $110.12. 21,572,254 shares were traded during mid-day trading, an increase of 27% from the average session volume of 16,948,959 shares. The stock had previously closed at $107.33.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BABA shares. Benchmark reiterated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, August 16th. Morgan Stanley restated an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a research report on Friday, August 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Loop Capital reaffirmed a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Finally, Bank of America boosted their price target on shares of Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $107.61.

Alibaba Group Trading Down 0.2 %

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $82.98 and a 200-day moving average price of $78.51. The company has a market capitalization of $271.72 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 0.46 and a beta of 0.33.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. The company had revenue of $243.24 billion for the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.47 EPS. Research analysts predict that Alibaba Group Holding Limited will post 7.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

Institutional investors have recently added to or reduced their stakes in the company. Fiduciary Alliance LLC increased its holdings in Alibaba Group by 154.1% in the 1st quarter. Fiduciary Alliance LLC now owns 55,229 shares of the specialty retailer’s stock valued at $4,052,000 after buying an additional 33,490 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Alibaba Group by 462.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after purchasing an additional 139,134 shares during the period. SRN Advisors LLC boosted its holdings in Alibaba Group by 76.7% during the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after purchasing an additional 9,663 shares in the last quarter. ORG Partners LLC grew its stake in shares of Alibaba Group by 52,685.7% in the 1st quarter. ORG Partners LLC now owns 11,085 shares of the specialty retailer’s stock valued at $813,000 after purchasing an additional 11,064 shares during the period. Finally, Leo Wealth LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $1,734,000. 13.47% of the stock is 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.