Alibaba Group (NYSE:BABA) had its price target hoisted by research analysts at KeyCorp from $210.00 to $230.00 in a research report issued to clients and investors on Friday. The firm presently has an “overweight” rating on the specialty retailer’s stock. KeyCorp’s price target suggests a potential upside of 14.26% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Bank of America reiterated a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group in a report on Monday, October 16th. Macquarie reissued a “buy” rating and set a $245.00 target price on shares of Alibaba Group in a research note on Monday, October 16th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and set a $185.00 target price on shares of Alibaba Group in a research note on Monday, October 16th. MKM Partners reissued a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $190.00 target price on shares of Alibaba Group in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $198.73.
Alibaba Group (NYSE:BABA) traded up $2.97 during trading on Friday, hitting $201.30. 5,160,000 shares of the stock traded hands, compared to its average volume of 19,740,000. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $515,560.00, a PE ratio of 54.11, a PEG ratio of 1.49 and a beta of 2.52. Alibaba Group has a twelve month low of $100.02 and a twelve month high of $201.79.
Several large investors have recently modified their holdings of BABA. Pillar Pacific Capital Management LLC increased its stake in Alibaba Group by 1.8% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 55,485 shares of the specialty retailer’s stock valued at $9,567,000 after buying an additional 1,005 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Alibaba Group by 4.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 157,975 shares of the specialty retailer’s stock valued at $27,240,000 after buying an additional 6,175 shares during the period. Genesis Asset Managers LLP increased its stake in Alibaba Group by 1.3% in the 4th quarter. Genesis Asset Managers LLP now owns 4,059,924 shares of the specialty retailer’s stock valued at $700,053,000 after buying an additional 50,691 shares during the period. Hoertkorn Richard Charles increased its stake in Alibaba Group by 53.8% in the 4th quarter. Hoertkorn Richard Charles now owns 14,855 shares of the specialty retailer’s stock valued at $2,562,000 after buying an additional 5,195 shares during the period. Finally, First Capital Advisors Group LLC. increased its stake in Alibaba Group by 78.4% in the 4th quarter. First Capital Advisors Group LLC. now owns 3,856 shares of the specialty retailer’s stock valued at $665,000 after buying an additional 1,695 shares during the period. Institutional investors and hedge funds own 37.94% of the company’s stock.
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Alibaba Group Company Profile
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.
