Alibaba Group (NYSE:BABA)‘s stock had its “buy” rating reiterated by investment analysts at Benchmark in a report released on Thursday, Briefing.com Automated Import reports. They presently have a $220.00 target price on the specialty retailer’s stock, up from their prior target price of $205.00. Benchmark’s price target would indicate a potential upside of 24.71% from the company’s current price.
Several other equities research analysts have also recently issued reports on BABA. Mizuho lifted their target price on shares of Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus lifted their target price on shares of Alibaba Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. SunTrust Banks reaffirmed a “buy” rating and set a $200.00 target price on shares of Alibaba Group in a research note on Wednesday. Finally, Barclays lifted their target price on shares of Alibaba Group from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $216.67.
Alibaba Group stock traded up $1.57 during trading on Thursday, reaching $176.41. The company had a trading volume of 8,789,673 shares, compared to its average volume of 14,036,352. Alibaba Group has a 1-year low of $129.77 and a 1-year high of $211.70. The stock has a market capitalization of $435.42 billion, a P/E ratio of 43.77, a P/E/G ratio of 1.41 and a beta of 2.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25.
Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $7.82. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The firm had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. During the same quarter last year, the company earned $5.73 EPS. The firm’s revenue for the quarter was up 51.0% compared to the same quarter last year. Sell-side analysts predict that Alibaba Group will post 3.67 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farmers National Bank purchased a new stake in Alibaba Group in the 1st quarter valued at about $25,000. Cribstone Capital Management LLC purchased a new stake in Alibaba Group in the 1st quarter valued at about $27,000. Manchester Capital Management LLC raised its holdings in Alibaba Group by 171.4% in the 1st quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 96 shares during the period. Archford Capital Strategies LLC raised its holdings in Alibaba Group by 80.4% in the 4th quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 82 shares during the period. Finally, Norway Savings Bank raised its holdings in Alibaba Group by 640.0% in the 4th quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 160 shares during the period. Institutional investors and hedge funds own 40.49% 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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