Alibaba Group Holding Ltd (NYSE:BABA) shares rose 6.5% on Tuesday . The company traded as high as $184.10 and last traded at $183.65. Approximately 29,917,525 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 20,410,000 shares. The stock had previously closed at $172.43.
BABA has been the topic of a number of recent research reports. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. MKM Partners reissued a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a report on Monday, October 2nd. Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 target price on the stock in a report on Monday, October 16th. BidaskClub upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $200.00 price target on shares of Alibaba Group in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. Alibaba Group has a consensus rating of “Buy” and a consensus price target of $185.14.
The stock has a market cap of $471,250.00, a price-to-earnings ratio of 50.97, a price-to-earnings-growth ratio of 1.39 and a beta of 2.52. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21.
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Alibaba Group Company Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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