Alibaba Group Holding Limited (NYSE:BABA – Get Free Report) shares traded up 0.1% on Thursday . The company traded as high as $75.43 and last traded at $74.68. 5,626,852 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 18,386,873 shares. The stock had previously closed at $74.59.
Wall Street Analyst Weigh In
BABA has been the subject of several research reports. Susquehanna lowered their price objective on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, February 8th. Macquarie downgraded Alibaba Group from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $88.50 to $85.40 in a report on Thursday, February 8th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Wednesday. Finally, Mizuho reaffirmed a “buy” rating and set a $95.00 price target on shares of Alibaba Group in a research report on Wednesday, March 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $112.91
Alibaba Group Stock Up 0.3 %
The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $189.93 billion, a price-to-earnings ratio of 13.78 and a beta of 0.46. The stock has a 50 day moving average of $73.55 and a 200 day moving average of $76.58.
Alibaba Group (NYSE:BABA – Get Free Report) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). The firm had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. Alibaba Group’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.44 EPS. As a group, analysts expect that Alibaba Group Holding Limited will post 7.97 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Alibaba Group
Large investors have recently added to or reduced their stakes in the stock. Savant Capital LLC increased its position in Alibaba Group by 2.7% in the 3rd quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer’s stock valued at $413,000 after acquiring an additional 127 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in shares of Alibaba Group by 2.1% in the third quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer’s stock valued at $584,000 after buying an additional 136 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in Alibaba Group by 4.6% during the third quarter. Newbridge Financial Services Group Inc. now owns 3,170 shares of the specialty retailer’s stock valued at $275,000 after buying an additional 140 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Alibaba Group by 32.9% during the third quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock worth $50,000 after acquiring an additional 142 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Alibaba Group by 6.1% in the third quarter. Advisors Asset Management Inc. now owns 2,464 shares of the specialty retailer’s stock worth $214,000 after acquiring an additional 142 shares in the last quarter. 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.