Alibaba Group Holding Limited (NYSE:BABA – Get Free Report) shares traded up 2.2% on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $170.00 to $245.00. Alibaba Group traded as high as $183.08 and last traded at $182.70. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Summit Securities Group LLC lifted its stake in Alibaba Group by 100.3% during the first quarter. Further ReadingReceive 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.com's FREE daily email newsletter.