Alibaba stock price sits at $73.22 after positive comments from brokerage firms regarding its AI-driven logistics initiative. Market participants anticipate higher margins from operational efficiencies in FY Later in the month, Alibaba received an order for its AI chips from China's second biggest telecom, China Unicom, giving the stock a boost. Then, the biggest news came on Sept. 24 when it announced a new partnership with Nvidia, unveiled a new AI model, said it was expanding new data centers around the world, and said it would increase AI spending beyond an earlier goal of $53 billion over the next three years. View Our Latest Analysis on BABA Alibaba Group Trading Up 4.1% How The Weak Dollar Is Fueling These Global Stock Surges Alibaba Group stock traded up $7.58 during trading hours on Thursday, reaching $190.36. 9,347,433 shares of the company's stock were exchanged, compared to its average volume of 21,520,230. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The firm's 50 day simple moving average is $137.93 and its 200 day simple moving average is $125.56. Alibaba Group has a twelve month low of $80.06 and a twelve month high of $192.67. The firm has a market capitalization of $453.83 billion, a PE ratio of 22.21, a PEG ratio of 2.06 and a beta of 0.18. Institutional Inflows and Outflows Hedge funds have recently bought and sold shares of the business. North Ridge Wealth Advisors Inc. purchased a new position in Alibaba Group in the 1st quarter valued at approximately $26,000. Summit Securities Group LLC grew its stake in 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 buying an additional 59,000 shares in the last quarter. Ransom Advisory Ltd bought a new position in Alibaba Group in the 1st quarter valued at $26,000. 1248 Management LLC bought a new position in Alibaba Group in the 1st quarter valued at $26,000. Finally, Rosenberg Matthew Hamilton bought a new position in Alibaba Group in the 2nd quarter valued at $26,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors. About Alibaba Group ( Get Free Report ) Wall Street Quietly Bets Big on These Chinese Tech Giants 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. Read More Five stocks we like better than Alibaba Group 3 Home Improvement Stocks that Can Upgrade Your Portfolio Oil Set to Rebound? 3 Stocks That Win if Crude Climbs How to trade penny stocks: A step-by-step guide The New Brain of Business: UiPath Is Creating an AI Revolution Consumer Discretionary Stocks Explained Buy The Dip Opportunity: Paychex Signals Rebound After Sell-Off 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 [email protected]. Should You Invest $1,000 in Alibaba Group Right Now? Before you consider Alibaba Group, you'll want to hear this. 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. While Alibaba Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 5G Stocks: The Path Forward is Profitable Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Alibaba stock price trades at $72.50, with analysts recommending cautious accumulation. Economic indicators hint at steady consumption growth, which may benefit Alibaba’s marketplace business.