Alibaba Group (NYSE:BABA) had its price target lifted by equities researchers at SunTrust Banks from $210.00 to $240.00 in a report issued on Monday. The brokerage presently has a “buy” rating on the specialty retailer’s stock. SunTrust Banks’ price objective would indicate a potential upside of 17.48% from the stock’s previous close.
A number of other equities analysts have also commented on BABA. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 price target on shares of Alibaba Group in a research report on Sunday, October 1st. MKM Partners reaffirmed a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a research report on Monday, October 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $220.00 price target on shares of Alibaba Group in a research report on Tuesday, October 3rd. Vetr lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 price target on the stock. in a research report on Wednesday, October 4th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Alibaba Group in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and a consensus price target of $204.19.
Shares of Alibaba Group (BABA) traded down $0.93 on Monday, hitting $204.29. 13,668,731 shares of the stock traded hands, compared to its average volume of 20,331,090. The company has a market capitalization of $523,040.00, a price-to-earnings ratio of 54.92, a PEG ratio of 1.54 and a beta of 2.52. Alibaba Group has a 52 week low of $100.02 and a 52 week high of $205.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, November 2nd. The specialty retailer reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.18. Alibaba Group had a net margin of 30.87% and a return on equity of 17.89%. sell-side analysts expect that Alibaba Group will post 4.3 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of BABA. Hillhouse Capital Management Ltd. boosted its stake in shares of Alibaba Group by 38,449.4% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock valued at $503,076,000 after purchasing an additional 3,561,187 shares in the last quarter. Boussard & Gavaudan Investment Management LLP boosted its stake in shares of Alibaba Group by 37.1% in the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock valued at $1,986,697,000 after purchasing an additional 3,141,790 shares in the last quarter. Egerton Capital UK LLP acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $507,041,000. Janus Henderson Group PLC boosted its position in Alibaba Group by 106.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,446,625 shares of the specialty retailer’s stock worth $626,592,000 after buying an additional 2,290,287 shares during the period. Finally, Third Point LLC boosted its position in Alibaba Group by 46.7% during the 3rd quarter. Third Point LLC now owns 6,600,000 shares of the specialty retailer’s stock worth $1,139,886,000 after buying an additional 2,100,000 shares during the period. Institutional investors own 37.96% of the company’s stock.
About Alibaba Group
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.