Alibaba Group (NYSE:BABA) Shares Gap Up to $153.67

Alibaba Group Holding Ltd (NYSE:BABA) gapped up prior to trading on Tuesday . The stock had previously closed at $148.86, but opened at $153.67. Alibaba Group shares last traded at $157.43, with a volume of 23,346,193 shares traded.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a research report on Friday, May 24th. Benchmark reaffirmed a “buy” rating and issued a $220.00 target price (up previously from $205.00) on shares of Alibaba Group in a research report on Thursday, May 16th. Barclays upped their target price on Alibaba Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Macquarie set a $226.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Wednesday, June 19th. Finally, Morgan Stanley set a $207.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $218.48.

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a 50 day moving average price of $170.57. The firm has a market cap of $409.65 billion, a price-to-earnings ratio of 43.85, a price-to-earnings-growth ratio of 1.17 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The firm had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. During the same quarter in the prior year, the firm posted $5.73 earnings per share. Alibaba Group’s revenue for the quarter was up 51.0% compared to the same quarter last year. Research analysts forecast that Alibaba Group Holding Ltd will post 5.12 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. RDA Financial Network bought a new position in shares of Alibaba Group during the first quarter valued at approximately $1,341,000. M Holdings Securities Inc. grew its holdings in shares of Alibaba Group by 8.5% during the first quarter. M Holdings Securities Inc. now owns 8,790 shares of the specialty retailer’s stock valued at $1,604,000 after purchasing an additional 685 shares during the last quarter. Soma Equity Partners LP grew its holdings in shares of Alibaba Group by 6.7% during the first quarter. Soma Equity Partners LP now owns 480,000 shares of the specialty retailer’s stock valued at $87,576,000 after purchasing an additional 30,000 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA grew its holdings in shares of Alibaba Group by 5.5% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 25,166 shares of the specialty retailer’s stock valued at $4,592,000 after purchasing an additional 1,320 shares during the last quarter. Finally, TCG Advisors LP bought a new position in shares of Alibaba Group during the first quarter valued at approximately $105,000. Hedge funds and other institutional investors own 40.84% of the company’s stock.

Alibaba Group Company Profile (NYSE:BABA)

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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