Alibaba Group (NYSE:BABA) Trading Up 0.5% – Should You Buy?

Alibaba Group Holding Limited ( NYSE:BABA – Get Free Report )’s stock price traded up 0.5% during trading on Tuesday . The company traded as high as $85.

89 and last traded at $85.59. 1,924,018 shares were traded during mid-day trading, a decline of 89% from the average session volume of 17,358,408 shares.



The stock had previously closed at $85.14. Analyst Ratings Changes A number of analysts have recently issued reports on the stock.

Robert W. Baird lifted their price objective on shares of Alibaba Group from $88.00 to $110.

00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America lifted their price target on Alibaba Group from $106.00 to $124.

00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Barclays decreased their price objective on Alibaba Group from $137.00 to $130.

00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Monday, October 7th.

Finally, Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th.

Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

View Our Latest Report on Alibaba Group Alibaba Group Trading Up 0.4 % Alibaba Group ( NYSE:BABA – Get Free Report ) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.

06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19.

Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%.

The business had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion.

During the same quarter in the previous year, the business posted $1.82 earnings per share. The firm’s revenue for the quarter was up 5.

2% compared to the same quarter last year. Equities analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Institutional Trading of Alibaba Group A number of hedge funds and other institutional investors have recently modified their holdings of BABA. Generate Investment Management Ltd purchased a new position in shares of Alibaba Group during the third quarter valued at approximately $12,656,000. Nations Financial Group Inc.

IA ADV raised its stake in Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc.

IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after buying an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Alibaba Group by 6.5% in the third quarter.

Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after acquiring an additional 50,000 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Alibaba Group by 7,734.

1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after acquiring an additional 266,361 shares during the last quarter.

Finally, Aspex Management HK Ltd bought a new position in shares of Alibaba Group during the third quarter valued at $115,995,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

About Alibaba Group ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.

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