Alibaba Group (NYSE:BABA) Trading Up 1.4% – Here’s What Happened

Alibaba Group Holding Limited (NYSE:BABAGet Free Report)’s stock price traded up 1.4% on Monday . The company traded as high as $136.12 and last traded at $133.3820. 8,260,928 shares were traded during trading, a decline of 29% from the average session volume of 11,558,837 shares. The stock had previously closed at $131.50.

Trending Headlines about Alibaba Group

Here are the key news stories impacting Alibaba Group this week:

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Susquehanna dropped their target price on shares of Alibaba Group from $190.00 to $170.00 and set a “positive” rating for the company in a research report on Thursday, March 26th. Erste Group Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Jefferies Financial Group dropped their target price on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Zacks Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Alibaba Group from $215.00 to $205.00 and set an “overweight” rating for the company in a research report on Friday, March 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $188.75.

Check Out Our Latest Stock Report on Alibaba Group

Alibaba Group Stock Up 1.4%

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. The company’s 50-day simple moving average is $133.05 and its 200 day simple moving average is $151.16. The firm has a market cap of $319.99 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 2.39 and a beta of 0.50.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings data on Saturday, February 14th. The specialty retailer reported $0.13 EPS for the quarter. The business had revenue of $40.71 billion during the quarter. Alibaba Group had a net margin of 9.12% and a return on equity of 7.43%. Research analysts anticipate that Alibaba Group Holding Limited will post 4.33 EPS for the current fiscal year.

Institutional Trading of Alibaba Group

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Alibaba Group by 7,680.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after buying an additional 5,936,847 shares during the last quarter. Capital World Investors lifted its stake in shares of Alibaba Group by 1,074.9% during the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock worth $1,079,229,000 after acquiring an additional 5,524,354 shares during the last quarter. Norges Bank purchased a new position in Alibaba Group during the 4th quarter valued at $594,477,000. Artisan Partners Limited Partnership purchased a new position in Alibaba Group during the 3rd quarter valued at $290,208,000. Finally, Trivest Advisors Ltd bought a new position in Alibaba Group in the 3rd quarter valued at $202,126,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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