<div id="readability-page-1"><p>Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $167.44 and last traded at $164.21, with a volume of 18631078 shares changing hands. The stock had previously closed at $162.81.</p><div><p><span></span><span>Get <strong>Alibaba Group</strong> alerts:</span></p></div><h2>Analysts Set New Price Targets</h2><ul><li>How The Weak Dollar Is Fueling These Global Stock Surges</li></ul><p>A number of research firms have commented on BABA. Bank of America raised their target price on Alibaba Group from $135.00 to $152.00 and gave the company a &#34;buy&#34; rating in a report on Tuesday, September 2nd. Benchmark raised their target price on Alibaba Group from $176.00 to $195.00 and gave the company a &#34;buy&#34; rating in a report on Tuesday, September 2nd. Robert W. Baird lifted their price target on Alibaba Group from $142.00 to $153.00 and gave the stock an &#34;outperform&#34; rating in a research note on Tuesday, September 2nd. Zacks Research raised Alibaba Group from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday, September 9th. Finally, Jefferies Financial Group lifted their price target on Alibaba Group from $165.00 to $178.00 and gave the stock a &#34;buy&#34; rating in a research note on Wednesday, September 10th. One equities research analyst  has rated the stock with a Strong Buy rating, fourteen have issued  a Buy rating and one  has issued  a Hold rating to the company. According to data from MarketBeat, Alibaba Group currently has a consensus rating of &#34;Buy&#34; and an average price target of $168.81.</p><p><b>Read Our Latest Research Report on Alibaba Group</b></p><h2>Alibaba Group Stock Up 0.9%</h2><ul><li>Wall Street Quietly Bets Big on These Chinese Tech Giants</li></ul><p>The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $391.48 billion, a PE ratio of 19.09, a PEG ratio of 2.00 and a beta of 0.11. The firm has a fifty day simple moving average of $130.04 and a 200 day simple moving average of $123.54. </p><h2>Institutional Trading of Alibaba Group</h2><p>Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Ridge Wealth Advisors Inc. acquired a new position in shares of  Alibaba Group in the 1st quarter valued at about $26,000.  Summit Securities Group LLC lifted its stake in shares of  Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 59,000 shares in the last quarter.  Ransom Advisory Ltd acquired a new position in shares of  Alibaba Group in the 1st quarter valued at about $26,000.  1248 Management LLC acquired a new position in shares of  Alibaba Group in the 1st quarter valued at about $26,000.  Finally, Rosenberg Matthew Hamilton acquired a new position in shares of  Alibaba Group in the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own  13.47% of the company's stock. </p><h2>Alibaba Group Company Profile</h2> (Get Free Report)<ul><li>Alibaba Rallies on New AI Chip Design, Sending NVIDIA Stock Lower</li></ul><p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Alibaba Group</li><li>What is the Hang Seng index?  </li><li>How The Weak Dollar Is Fueling These Global Stock Surges</li><li>Large Cap Stock Definition and How to Invest</li><li>3 Recession-Ready Stocks That Thrive When the Economy Sputters</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>3 Automation-Focused Stocks Flying Under the Radar</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Alibaba Group Right Now?</h2><p>Before you consider Alibaba Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.</p><p>While Alibaba Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Alibaba Group (NYSE:BABA) reached a new 52-week high of $167.44, closing at $164.21 with significant trading volume. Analysts have raised their price targets, with Bank of America setting it at $152, Benchmark at $195, and Jefferies at $178, all maintaining a "buy" rating. The company has a market cap of $391.48 billion and a consensus rating of "Buy". Institutional investors hold 13.47% of the stock. Despite the positive outlook, Alibaba was not listed among the top five stocks recommended by analysts for investment.</p>

- Alibaba Group Holding Limited's share price reached a new 52-week high of $167.44 during trading, closing at $164.21 with a volume of 18,631,078 shares.  
- Several research firms have raised their price targets for Alibaba, with Bank of America setting it at $152.00 and Benchmark at $195.00, while the consensus rating remains a "Buy" with an average target of $168.81.  
- The company has a market cap of $391.48 billion and a debt-to-equity ratio of 0.19, indicating strong financial health among institutional investors who own 13.47% of its stock.  

Alibaba Group (NYSE:BABA) Hits New 1-Year High - Time to Buy?