Alibaba Group (NYSE:BABA) Trading 0.6% Higher

Alibaba Group Holding Limited (NYSE:BABA)’s stock price shot up 0.6% on Monday . The company traded as high as $76.13 and last traded at $76.02. 4,924,961 shares were traded during trading, a decline of 72% from the average session volume of 17,811,799 shares. The stock had previously closed at $75.55.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BABA. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Mizuho reaffirmed a “buy” rating and set a $95.00 price target on shares of Alibaba Group in a research note on Wednesday, March 27th. Susquehanna dropped 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 report on Thursday, February 8th. Robert W. Baird dropped their price objective on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Finally, The Goldman Sachs Group dropped their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.91.

Alibaba Group Stock Performance

The company has a market capitalization of $193.79 billion, a price-to-earnings ratio of 14.03 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The company’s fifty day simple moving average is $73.19 and its two-hundred day simple moving average is $75.33.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion for 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% on a year-over-year basis. During the same period in the prior year, the business earned $2.44 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BABA. HighMark Wealth Management LLC lifted its position in shares of Alibaba Group by 135.9% in the 1st quarter. HighMark Wealth Management LLC now owns 1,717 shares of the specialty retailer’s stock worth $124,000 after buying an additional 989 shares during the last quarter. Sycomore Asset Management lifted its position in shares of Alibaba Group by 150.0% in the 1st quarter. Sycomore Asset Management now owns 5,000 shares of the specialty retailer’s stock worth $368,000 after buying an additional 3,000 shares during the last quarter. Caas Capital Management LP lifted its position in shares of Alibaba Group by 31.3% in the 1st quarter. Caas Capital Management LP now owns 13,000 shares of the specialty retailer’s stock worth $941,000 after buying an additional 3,100 shares during the last quarter. K.J. Harrison & Partners Inc bought a new position in shares of Alibaba Group in the 1st quarter worth about $1,450,000. Finally, Triasima Portfolio Management inc. bought a new position in shares of Alibaba Group in the 1st quarter worth about $2,385,000. 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.