Alibaba Group (NYSE:BABA) Stock Price Up 0.4% – Still a Buy?

Alibaba Group Holding Limited (NYSE:BABA)’s share price shot up 0.4% on Tuesday . The stock traded as high as $101.45 and last traded at $100.37. 6,266,828 shares were traded during trading, a decline of 65% from the average session volume of 17,798,908 shares. The stock had previously closed at $99.93.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BABA. Jefferies Financial Group reissued a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. Sanford C. Bernstein upped their price target on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, August 16th. Susquehanna reduced their price target 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. Finally, Truist Financial lowered their price target on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Alibaba Group Stock Performance

The stock has a market capitalization of $250.43 billion, a P/E ratio of 23.00, a PEG ratio of 0.55 and a beta of 0.35. 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 business has a 50-day moving average price of $95.08 and a 200 day moving average price of $83.70.

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

Institutional Trading of Alibaba Group

A number of institutional investors have recently made changes to their positions in BABA. First Command Advisory Services Inc. purchased a new position in shares of Alibaba Group during the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC boosted its holdings in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group in the second quarter worth approximately $27,000. Concord Wealth Partners boosted its holdings in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in Alibaba Group in the third quarter worth approximately $36,000. Hedge funds and other 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.