Alibaba Group (NYSE:BABA) had its price target increased by equities researchers at Mizuho from $215.00 to $225.00 in a research report issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Mizuho’s target price suggests a potential upside of 28.69% from the stock’s previous close.
A number of other equities analysts also recently issued reports on BABA. Zacks Investment Research downgraded Alibaba Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. KeyCorp set a $200.00 price target on Alibaba Group and gave the stock a “buy” rating in a report on Wednesday, January 23rd. SunTrust Banks restated a “buy” rating and issued a $200.00 price target (up previously from $180.00) on shares of Alibaba Group in a report on Thursday, January 31st. Bank of America restated a “buy” rating and issued a $215.00 price target (down previously from $221.00) on shares of Alibaba Group in a report on Thursday, January 31st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $180.00 price target (up previously from $175.00) on shares of Alibaba Group in a report on Thursday, January 31st. One research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Alibaba Group presently has an average rating of “Buy” and a consensus target price of $213.89.
Shares of BABA stock opened at $174.84 on Thursday. The company has a market cap of $435.42 billion, a PE ratio of 43.38, a price-to-earnings-growth ratio of 1.41 and a beta of 2.27. Alibaba Group has a 12-month low of $129.77 and a 12-month high of $211.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.
Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $7.82. The business had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The company’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period in the prior year, the business posted $5.73 EPS. On average, equities research analysts expect that Alibaba Group will post 3.67 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. RDA Financial Network purchased a new position in Alibaba Group in the first quarter valued at about $1,341,000. Girard Partners LTD. increased its position in shares of Alibaba Group by 13.0% during the fourth quarter. Girard Partners LTD. now owns 1,258 shares of the specialty retailer’s stock worth $172,000 after acquiring an additional 145 shares during the last quarter. CX Institutional increased its position in shares of Alibaba Group by 1,240.0% during the first quarter. CX Institutional now owns 268 shares of the specialty retailer’s stock worth $49,000 after acquiring an additional 248 shares during the last quarter. Capital Financial Planning LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth about $29,000. Finally, Optimus Prime Fund Management Co. Ltd. purchased a new stake in shares of Alibaba Group during the fourth quarter worth about $15,434,000. 40.49% of the stock is currently owned by institutional investors and hedge funds.
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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