Barclays set a $210.00 price target on Alibaba Group (NYSE:BABA) in a research note issued to investors on Wednesday morning, The Fly reports. The firm currently has a buy rating on the specialty retailer’s stock.
A number of other research firms also recently weighed in on BABA. Morgan Stanley cut their price target on shares of Alibaba Group from $240.00 to $220.00 and set a buy rating on the stock in a report on Tuesday. Zacks Investment Research upgraded shares of Alibaba Group from a strong sell rating to a hold rating in a report on Monday, October 8th. ValuEngine downgraded shares of Alibaba Group from a hold rating to a sell rating in a report on Thursday, October 4th. Goldman Sachs Group raised their price target on shares of Alibaba Group from $241.00 to $247.00 and gave the company a buy rating in a report on Wednesday, October 3rd. Finally, CLSA set a $240.00 price target on shares of Alibaba Group and gave the company a buy rating in a report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-seven have given a buy rating and three have given a strong buy rating to the company. Alibaba Group presently has a consensus rating of Buy and an average target price of $225.34.
BABA stock opened at $147.29 on Wednesday. Alibaba Group has a 12-month low of $135.14 and a 12-month high of $211.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $421.98 billion, a price-to-earnings ratio of 36.55, a P/E/G ratio of 1.20 and a beta of 2.41.
Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. The company had revenue of $12.23 billion during the quarter, compared to analysts’ expectations of $12.25 billion. On average, research analysts expect that Alibaba Group will post 3.96 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in BABA. Duncker Streett & Co. Inc. raised its holdings in Alibaba Group by 195.1% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock worth $112,000 after acquiring an additional 400 shares during the period. Stelac Advisory Services LLC bought a new position in Alibaba Group in the 2nd quarter worth $116,000. Quattro Financial Advisors LLC bought a new position in Alibaba Group in the 1st quarter worth $125,000. Clarus Wealth Advisors bought a new position in Alibaba Group in the 2nd quarter worth $125,000. Finally, American National Bank raised its holdings in Alibaba Group by 55.8% in the 2nd quarter. American National Bank now owns 796 shares of the specialty retailer’s stock worth $148,000 after acquiring an additional 285 shares during the period. Hedge funds and other institutional investors own 38.64% of the company’s stock.
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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