Alibaba Group (NYSE:BABA) Trading Up 1.8% – Should You Buy?

Alibaba Group Holding Limited (NYSE:BABA) shares traded up 1.8% on Monday . The stock traded as high as $85.42 and last traded at $84.65. 5,624,094 shares changed hands during trading, a decline of 68% from the average session volume of 17,643,977 shares. The stock had previously closed at $83.13.

Wall Street Analyst Weigh In

A number of research firms have commented on BABA. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Monday, October 7th. JPMorgan Chase & Co. increased their target price on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Sanford C. Bernstein boosted their price target on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, August 16th. Truist Financial lowered their price objective on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, Robert W. Baird boosted their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Stock Performance

The firm’s 50 day simple moving average is $98.51 and its 200 day simple moving average is $86.01. The firm has a market cap of $207.21 billion, a PE ratio of 17.57, a PEG ratio of 0.42 and a beta of 0.35. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

A number of hedge funds have recently bought and sold shares of the business. Generate Investment Management Ltd bought a new position in Alibaba Group during the third quarter valued at $12,656,000. SRN Advisors LLC raised its position in Alibaba Group by 76.7% in the 1st quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock worth $1,611,000 after purchasing an additional 9,663 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after purchasing an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Alibaba Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after buying an additional 50,000 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Alibaba Group by 7,734.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after buying an additional 266,361 shares during the last quarter. 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.