Alibaba Group (NYSE:BABA) Price Target Raised to $150.00

Alibaba Group (NYSE:BABA) had its target price boosted by Bank of America from $117.00 to $150.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

Other research analysts have also recently issued research reports about the company. Robert W. Baird upped their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Finally, Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.93.

Alibaba Group Price Performance

BABA stock opened at $143.67 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $95.43 and a 200-day moving average of $92.88. The firm has a market capitalization of $341.36 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. Alibaba Group has a 12 month low of $68.36 and a 12 month high of $145.30.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. As a group, sell-side analysts predict that Alibaba Group will post 7.86 earnings per share for the current fiscal year.

Institutional Trading of Alibaba Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sanders Capital LLC grew its stake in shares of Alibaba Group by 0.3% in the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock valued at $1,959,021,000 after buying an additional 60,667 shares during the period. Appaloosa LP raised its position in Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares during the period. Hhlr Advisors LTD. increased its holdings in Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after acquiring an additional 3,448,152 shares during the last quarter. Norges Bank purchased a new position in shares of Alibaba Group in the fourth quarter valued at $585,479,000. Finally, Bank of America Corp DE increased its holdings in Alibaba Group by 7.0% during the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer’s stock worth $566,124,000 after acquiring an additional 438,537 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Company Profile

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.