Alibaba Group (NYSE:BABA) Price Target Raised to $125.00 at Robert W. Baird

Alibaba Group (NYSE:BABA) had its target price upped by equities researchers at Robert W. Baird from $110.00 to $125.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s target price points to a potential downside of 1.71% from the company’s previous close.

Several other analysts also recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Mizuho increased their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays decreased their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.93.

Alibaba Group Trading Up 2.0 %

NYSE BABA opened at $127.18 on Wednesday. The stock has a market cap of $302.17 billion, a P/E ratio of 25.80, a P/E/G ratio of 0.53 and a beta of 0.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group has a 12-month low of $68.36 and a 12-month high of $129.02. The company has a fifty day simple moving average of $92.64 and a two-hundred day simple moving average of $91.88.

Institutional Trading of Alibaba Group

A number of institutional investors and hedge funds have recently made changes to their positions in BABA. Norges Bank acquired a new stake in Alibaba Group in the 4th quarter valued at $585,479,000. Assenagon Asset Management S.A. grew its position in shares of Alibaba Group by 1,392.6% in the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock valued at $650,043,000 after purchasing an additional 5,715,155 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Alibaba Group by 3,180.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after purchasing an additional 3,740,150 shares in the last quarter. Hhlr Advisors LTD. raised its position in shares of Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after purchasing an additional 3,448,152 shares during the last quarter. Finally, FMR LLC lifted its stake in Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after buying an additional 2,959,954 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

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.