Alibaba Group (NYSE:BABA) PT Raised to $110.00

Alibaba Group (NYSE:BABA) had its price objective increased by stock analysts at Robert W. Baird from $88.00 to $110.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s target price would suggest a potential upside of 12.29% from the stock’s current price.

A number of other brokerages have also recently commented on BABA. Bank of America increased their price target on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Monday, October 7th. Barclays increased their price target on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $116.00 price target on shares of Alibaba Group in a research note on Friday, July 26th. Finally, Sanford C. Bernstein raised their target price on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.00.

Alibaba Group Stock Down 2.5 %

NYSE BABA opened at $97.96 on Thursday. The business has a fifty day moving average price of $93.46 and a two-hundred day moving average price of $82.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. Alibaba Group has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The stock has a market capitalization of $248.57 billion, a PE ratio of 22.83, a PEG ratio of 0.55 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. During the same period in the prior year, the company earned $2.47 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts expect that Alibaba Group will post 7.93 earnings per share for the current fiscal year.

Institutional Trading of Alibaba Group

A number of large investors have recently bought and sold shares of BABA. Primecap Management Co. CA grew its stake in shares of Alibaba Group by 5.2% in the 2nd quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer’s stock valued at $1,574,711,000 after buying an additional 1,074,175 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Alibaba Group by 1,392.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock valued at $650,043,000 after buying an additional 5,715,155 shares during the period. Discerene Group LP grew its stake in shares of Alibaba Group by 21.2% in the 1st quarter. Discerene Group LP now owns 3,021,375 shares of the specialty retailer’s stock valued at $218,627,000 after buying an additional 529,237 shares during the period. AMF Tjanstepension AB grew its stake in shares of Alibaba Group by 6.9% in the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after buying an additional 178,999 shares during the period. Finally, Eminence Capital LP grew its stake in shares of Alibaba Group by 9.0% in the 2nd quarter. Eminence Capital LP now owns 1,830,387 shares of the specialty retailer’s stock valued at $131,788,000 after buying an additional 150,488 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

About Alibaba Group

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.