NEW YORK (TheStreet) -- Alibaba Group Holding (BABA) - Get Report  shares are up 1.81% to $67.86 on Friday as the e-commerce giant is in discussions with banks for loans of up to $4 billion as it looks to expand the company, the Wall Street Journal reports. 

Set to be finalized next month, the loans are for financing its growth ambitions, which include acquisitions.

While Alibaba originally started with plans for loans of $3 billion from banks, this number could rise to $4 billion. 

Over the past year, the Hangzhou, China-based company has been shelling out billions of dollars buying companies in China and abroad,  the Journal noted.

For instance, Alibaba has been investing in mobile app companies, online payment companies in India and expanding in other areas like online video.

Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D+.

Alibaba has underperformed the S&P 500 Index, declining 23.32% from its price level of one year ago. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: BABA

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