Alibaba Group (NYSE:BABA) had its target price decreased by research analysts at Stifel Nicolaus from to in a report released on Friday, The Fly reports.
A number of other equities research analysts have also weighed in on the stock. Benchmark restated a “buy” rating and issued a $275.00 price objective (up from $220.00) on shares of Alibaba Group in a report on Friday. They noted that the move was a valuation call. SunTrust Banks dropped coverage on shares of Alibaba Group in a report on Friday, November 1st. Robert W. Baird set a $200.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a report on Friday, November 1st. KeyCorp raised their price objective on shares of Alibaba Group from $243.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Vertical Group assumed coverage on shares of Alibaba Group in a report on Wednesday, October 23rd. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $236.94.
Shares of BABA traded down $0.73 during midday trading on Friday, reaching $219.63. The stock had a trading volume of 10,675,044 shares, compared to its average volume of 14,743,257. Alibaba Group has a 1-year low of $147.95 and a 1-year high of $231.14. The company’s fifty day simple moving average is $217.95 and its two-hundred day simple moving average is $189.42. The company has a market cap of $557.62 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.41 and a beta of 2.21. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.38.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $18.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.86 by $16.33. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. The business had revenue of $161.46 billion for the quarter, compared to analyst estimates of $156 billion. During the same period last year, the business earned $12.19 EPS. The company’s revenue was up 37.7% on a year-over-year basis. On average, sell-side analysts forecast that Alibaba Group will post 5.95 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the stock. Caxton Associates LP purchased a new position in Alibaba Group during the 4th quarter worth $6,976,000. Point Break Capital Management LLC purchased a new position in Alibaba Group during the 4th quarter worth $16,544,000. Captrust Financial Advisors purchased a new position in Alibaba Group during the 4th quarter worth $32,250,000. Cubist Systematic Strategies LLC grew its position in Alibaba Group by 321.1% during the 4th quarter. Cubist Systematic Strategies LLC now owns 20,041 shares of the specialty retailer’s stock worth $4,251,000 after purchasing an additional 15,282 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in Alibaba Group during the 4th quarter worth $79,000. Hedge funds and other institutional investors own 46.78% 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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