Alibaba Group (NYSE:BABA) had its price target increased by research analysts at Robert W. Baird to $220.00 in a report released on Thursday. The firm presently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s price objective suggests a potential upside of 14.45% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Deutsche Bank raised their price target on Alibaba Group to $218.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada reissued a “buy” rating and set a $185.00 price target on shares of Alibaba Group in a research report on Monday, October 16th. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Vetr downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $213.25 price target for the company. in a research report on Tuesday, January 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $230.00 price target (up previously from $210.00) on shares of Alibaba Group in a research report on Sunday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $205.07.
Alibaba Group (NYSE BABA) traded down $12.07 during trading on Thursday, reaching $192.22. The company’s stock had a trading volume of 52,240,723 shares, compared to its average volume of 22,461,445. 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 stock has a market capitalization of $494,330.00, a P/E ratio of 51.40, a price-to-earnings-growth ratio of 1.50 and a beta of 2.52. Alibaba Group has a one year low of $100.02 and a one year high of $206.20.
A number of institutional investors have recently modified their holdings of the stock. Financial Partners Capital Management LLC boosted its holdings in Alibaba Group by 2.2% in the second quarter. Financial Partners Capital Management LLC now owns 4,715 shares of the specialty retailer’s stock valued at $664,000 after acquiring an additional 100 shares during the last quarter. Carret Asset Management LLC boosted its holdings in Alibaba Group by 2.1% in the second quarter. Carret Asset Management LLC now owns 7,244 shares of the specialty retailer’s stock valued at $1,021,000 after acquiring an additional 150 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Alibaba Group by 22.3% in the second quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock valued at $139,000 after acquiring an additional 179 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings 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 valued at $125,000 after acquiring an additional 200 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC boosted its holdings in Alibaba Group by 5.3% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 5,520 shares of the specialty retailer’s stock valued at $952,000 after acquiring an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 37.96% of the company’s stock.
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About Alibaba Group
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.
