Alibaba Group (BABA) Shares Gap Up to $145.98

Alibaba Group Holding Ltd (NYSE:BABA) shares gapped up prior to trading on Wednesday . The stock had previously closed at $142.90, but opened at $145.98. Alibaba Group shares last traded at $149.41, with a volume of 14727291 shares trading hands.

BABA has been the subject of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of Alibaba Group to $225.00 and set a “buy” rating for the company in a report on Friday, August 24th. Argus decreased their price objective on shares of Alibaba Group from $275.00 to $235.00 and set a “buy” rating for the company in a report on Friday, August 24th. UBS Group set a $245.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a report on Friday, August 24th. Nomura decreased their price objective on shares of Alibaba Group from $231.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $256.00 price objective on shares of Alibaba Group in a report on Thursday, August 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $214.55.

The firm has a market capitalization of $382.66 billion, a price-to-earnings ratio of 37.30, a P/E/G ratio of 1.38 and a beta of 2.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.19. The firm had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $12.51 billion. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. The firm’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. As a group, sell-side analysts forecast that Alibaba Group Holding Ltd will post 3.48 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Alibaba Group by 3.4% in the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock worth $11,708,501,000 after purchasing an additional 2,077,793 shares during the period. Baillie Gifford & Co. boosted its stake in Alibaba Group by 1.4% in the 3rd quarter. Baillie Gifford & Co. now owns 45,321,627 shares of the specialty retailer’s stock worth $7,467,191,000 after purchasing an additional 619,951 shares during the period. Vanguard Group Inc. boosted its stake in Alibaba Group by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after purchasing an additional 849,659 shares during the period. Schroder Investment Management Group boosted its stake in Alibaba Group by 1.5% in the 2nd quarter. Schroder Investment Management Group now owns 22,559,519 shares of the specialty retailer’s stock worth $4,249,763,000 after purchasing an additional 328,861 shares during the period. Finally, Capital Research Global Investors boosted its stake in Alibaba Group by 8.5% in the 3rd quarter. Capital Research Global Investors now owns 21,413,445 shares of the specialty retailer’s stock worth $3,528,079,000 after purchasing an additional 1,670,726 shares during the period. Hedge funds and other institutional investors own 38.14% of the company’s stock.

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About Alibaba Group (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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