Alibaba Group (NYSE:BABA) Trading 0.2% Higher

Alibaba Group Holding Limited (NYSE:BABA) shares traded up 0.2% on Friday . The stock 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

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

Alibaba Group Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s fifty day simple moving average is $80.61 and its 200 day simple moving average is $77.48. The firm has a market cap of $224.14 billion, a P/E ratio of 20.68, a P/E/G ratio of 0.43 and a beta of 0.33.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group during the 2nd quarter valued at $27,000. First Command Advisory Services Inc. bought a new position in Alibaba Group in the 2nd quarter worth about $25,000. GPS Wealth Strategies Group LLC increased its position in shares of Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares during the period. Register Financial Advisors LLC bought a new stake in shares of Alibaba Group during the first quarter valued at approximately $31,000. Finally, Asset Dedication LLC boosted its holdings in shares of Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 400 shares during the period. Institutional investors own 13.47% of the company’s stock.

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.