Investment analysts at Susquehanna Bancshares initiated coverage on shares of Alibaba Group (NYSE:BABA) in a report released on Wednesday, MarketBeat.com reports. The firm set a “positive” rating and a $220.00 price target on the specialty retailer’s stock. Susquehanna Bancshares’ target price would indicate a potential upside of 30.21% from the stock’s current price.

BABA has been the subject of a number of other research reports. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group in a report on Monday, October 16th. Needham & Company LLC lifted their price objective on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price objective (up previously from $165.00) on shares of Alibaba Group in a report on Friday, August 25th. Vetr downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 price objective for the company. in a report on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group presently has a consensus rating of “Buy” and an average target price of $185.14.

Alibaba Group (NYSE BABA) traded down $0.62 during trading on Wednesday, reaching $168.96. 31,604,699 shares of the company’s stock were exchanged, compared to its average volume of 15,261,055. The firm has a market capitalization of $434,256.47, a P/E ratio of 49.29, a PEG ratio of 1.28 and a beta of 2.52. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group has a 1 year low of $86.01 and a 1 year high of $191.75.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AJO LP grew its stake in Alibaba Group by 55.5% during the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock valued at $18,673,000 after acquiring an additional 47,324 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Alibaba Group by 18.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock valued at $14,914,000 after acquiring an additional 16,528 shares in the last quarter. Good Life Advisors LLC purchased a new position in Alibaba Group during the 2nd quarter valued at about $218,000. Pitcairn Co. purchased a new position in Alibaba Group during the 3rd quarter valued at about $3,218,000. Finally, Aperio Group LLC grew its stake in Alibaba Group by 10.6% during the 3rd quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock valued at $33,579,000 after acquiring an additional 18,663 shares in the last quarter. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

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Alibaba Group Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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