Alibaba Group (NYSE:BABA)‘s stock had its “buy” rating reissued by research analysts at Wells Fargo & Co in a research note issued on Wednesday.
Several other equities research analysts also recently commented on BABA. ValuEngine downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $305.00 target price on shares of Alibaba Group in a research note on Monday. KeyCorp upped their target price on shares of Alibaba Group from $219.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, May 7th. Finally, Benchmark reaffirmed a “buy” rating and issued a $245.00 target price on shares of Alibaba Group in a research note on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $231.18.
NYSE:BABA traded down $5.13 during trading hours on Wednesday, hitting $187.42. The stock had a trading volume of 15,914,612 shares, compared to its average volume of 19,142,014. Alibaba Group has a one year low of $146.85 and a one year high of $211.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 1.89. The company has a market capitalization of $493.66 billion, a PE ratio of 46.51, a PEG ratio of 1.14 and a beta of 2.55.
Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.11). Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. The firm had revenue of $9.87 billion during the quarter, compared to the consensus estimate of $9.36 billion. During the same period in the previous year, the company posted $0.63 EPS. sell-side analysts forecast that Alibaba Group will post 5.15 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in BABA. Beacon Capital Management acquired a new stake in Alibaba Group in the fourth quarter valued at $0. Assetmark acquired a new stake in Alibaba Group in the third quarter valued at $0. Cullen Frost Bankers Inc. lifted its stake in Alibaba Group by 0.6% in the third quarter. Cullen Frost Bankers Inc. now owns 3,557 shares of the specialty retailer’s stock valued at $376,000 after acquiring an additional 20 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its stake in Alibaba Group by 0.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock valued at $276,000 after acquiring an additional 23 shares during the last quarter. Finally, Ronald Blue & Co. LLC lifted its stake in Alibaba Group by 0.7% in the second quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock valued at $487,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 37.88% of the company’s stock.
Alibaba Group Company Profile
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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