Alibaba Group (NYSE:BABA) had its price objective increased by analysts at Deutsche Bank to $218.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Deutsche Bank’s target price indicates a potential upside of 13.41% from the stock’s previous close.
Several other research firms have also commented on BABA. Zacks Investment Research lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 target price for the company in a report on Monday, October 16th. Oppenheimer reaffirmed a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a report on Wednesday, January 24th. BidaskClub raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Robert W. Baird upped their target price on Alibaba Group from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Alibaba Group has an average rating of “Buy” and a consensus target price of $205.07.
Alibaba Group (BABA) traded down $12.07 during trading hours on Thursday, hitting $192.22. The stock had a trading volume of 52,240,723 shares, compared to its average volume of 22,461,445. The company has a market capitalization of $494,330.00, a price-to-earnings ratio of 51.40, a PEG ratio of 1.50 and a beta of 2.52. Alibaba Group has a 52 week low of $100.02 and a 52 week high of $206.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.
A number of hedge funds have recently modified their holdings of the stock. First Eagle Investment Management LLC acquired a new stake in Alibaba Group in the third quarter worth approximately $104,000. Lenox Wealth Advisors Inc. lifted its position in Alibaba Group by 2,636.4% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 580 shares during the period. Lorber David A acquired a new stake in Alibaba Group in the third quarter worth approximately $109,000. San Francisco Sentry Investment Group CA acquired a new stake in Alibaba Group in the second quarter worth approximately $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in Alibaba Group by 29.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 200 shares during the period. 37.96% of the stock is owned by institutional investors and hedge funds.
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.
