Alibaba Group (NYSE:BABA) Stock Price Up 0.2%

Alibaba Group Holding Limited (NYSE:BABA) shot up 0.2% during trading on Friday . The company traded as high as $89.52 and last traded at $88.71. 4,198,938 shares traded hands during trading, a decline of 74% from the average session volume of 16,225,760 shares. The stock had previously closed at $88.49.

Wall Street Analyst Weigh In

Several research analysts have commented on BABA shares. Robert W. Baird lifted their price target on shares of Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Loop Capital reissued a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. Susquehanna reduced their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Benchmark restated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.61.

Alibaba Group Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50 day moving average of $80.79 and a 200 day moving average of $77.63. The company has a market cap of $224.04 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.33.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the previous year, the firm posted $2.47 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Alibaba Group in the second quarter worth $38,000. Sanctuary Advisors LLC bought a new position in shares of Alibaba Group in the 2nd quarter worth about $3,451,000. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group during the 2nd quarter valued at about $27,000. SRN Advisors LLC boosted its stake in Alibaba Group by 4.2% during the second quarter. SRN Advisors LLC now owns 23,189 shares of the specialty retailer’s stock worth $1,670,000 after acquiring an additional 930 shares in the last quarter. Finally, Granite Bay Wealth Management LLC purchased a new stake in Alibaba Group in the second quarter worth about $6,185,000. 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.