Alibaba Group (NYSE:BABA) had its target price increased by Mizuho from $215.00 to $225.00 in a research report report published on Thursday, The Fly reports. The firm currently has a buy rating on the specialty retailer’s stock.
A number of other brokerages also recently commented on BABA. Barclays raised their price objective on Alibaba Group from $200.00 to $220.00 and gave the stock an overweight rating in a research report on Monday, April 15th. KeyCorp reiterated an overweight rating and issued a $240.00 price objective (up previously from $210.00) on shares of Alibaba Group in a research report on Tuesday, May 7th. ValuEngine upgraded Alibaba Group from a hold rating to a buy rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded Alibaba Group from a sell rating to a hold rating in a research report on Monday, April 22nd. Finally, Robert W. Baird raised their target price on Alibaba Group from $178.00 to $195.00 and gave the stock an outperform rating in a research report on Friday, March 29th. One analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $216.67.
Shares of BABA stock traded down $6.22 during mid-day trading on Thursday, reaching $169.35. The stock had a trading volume of 14,734,230 shares, compared to its average volume of 15,334,104. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. Alibaba Group has a one year low of $129.77 and a one year high of $211.70. The company has a market capitalization of $454.86 billion, a P/E ratio of 47.17, a P/E/G ratio of 1.47 and a beta of 2.27.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $7.82. Alibaba Group had a return on equity of 13.38% and a net margin of 23.17%. The company had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. During the same quarter last year, the company earned $5.73 EPS. The company’s quarterly revenue was up 51.0% on a year-over-year basis. Sell-side analysts predict that Alibaba Group will post 4.88 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Dixon Hubard Feinour & Brown Inc. VA increased its stake in shares of Alibaba Group by 5.5% in the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 25,166 shares of the specialty retailer’s stock valued at $4,592,000 after buying an additional 1,320 shares during the period. Laurel Wealth Advisors Inc. increased its stake in shares of Alibaba Group by 66.8% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 2,879 shares of the specialty retailer’s stock valued at $525,000 after buying an additional 1,153 shares during the period. FMR LLC increased its stake in shares of Alibaba Group by 11.0% in the 1st quarter. FMR LLC now owns 20,955,847 shares of the specialty retailer’s stock valued at $3,823,395,000 after buying an additional 2,070,115 shares during the period. Equitable Trust Co. increased its stake in shares of Alibaba Group by 14.6% in the 1st quarter. Equitable Trust Co. now owns 9,108 shares of the specialty retailer’s stock valued at $1,662,000 after buying an additional 1,159 shares during the period. Finally, V Wealth Advisors LLC acquired a new stake in shares of Alibaba Group in the 1st quarter valued at $260,000. 40.49% of the stock is owned by hedge funds and other institutional investors.
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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