Alibaba Group (BABA) Rating Lowered to Buy at Vetr

Alibaba Group (NYSE:BABA) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Wednesday. They presently have a $208.51 price target on the specialty retailer’s stock. Vetr‘s price target points to a potential upside of 11.65% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $230.00 price objective (up previously from $205.00) on shares of Alibaba Group in a research report on Monday, February 5th. Raymond James Financial upped their price objective on shares of Alibaba Group to $240.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. MKM Partners upped their price objective on shares of Alibaba Group to $260.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price objective on shares of Alibaba Group from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Bank of America reiterated a “buy” rating and issued a $220.00 price objective on shares of Alibaba Group in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $211.14.

Alibaba Group (NYSE BABA) traded up $7.51 during midday trading on Wednesday, reaching $186.76. 21,028,888 shares of the company were exchanged, compared to its average volume of 23,680,000. The firm has a market capitalization of $478,320.00, a P/E ratio of 46.00, a PEG ratio of 1.44 and a beta of 2.58. Alibaba Group has a 52 week low of $100.11 and a 52 week high of $206.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). The business had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same quarter in the prior year, the firm earned $1.30 earnings per share. equities analysts predict that Alibaba Group will post 4.05 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in BABA. Boussard & Gavaudan Investment Management LLP grew its stake in Alibaba Group by 37.1% during 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 acquiring an additional 3,141,790 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in Alibaba Group by 8,940.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,979,321 shares of the specialty retailer’s stock valued at $513,724,000 after acquiring an additional 2,946,365 shares in the last quarter. Egerton Capital UK LLP purchased a new stake in Alibaba Group during the 3rd quarter valued at about $507,041,000. Third Point LLC grew its stake 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 valued at $1,139,886,000 after acquiring an additional 2,100,000 shares in the last quarter. Finally, Barings LLC grew its stake in Alibaba Group by 7,117.7% during the 4th quarter. Barings LLC now owns 1,535,928 shares of the specialty retailer’s stock valued at $264,840,000 after acquiring an additional 1,514,648 shares in the last quarter. 37.88% of the stock is owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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