Alibaba Group (NYSE:BABA)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a research note issued on Wednesday.
Several other equities research analysts have also recently weighed in on the stock. Susquehanna Bancshares started coverage on shares of Alibaba Group in a research report on Wednesday, December 6th. They issued a “positive” rating and a $220.00 price target on the stock. Zacks Investment Research upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price objective on the stock in a research report on Monday, December 4th. Vetr upgraded shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 price objective on the stock in a research report on Wednesday, November 29th. Oppenheimer reiterated a “buy” rating and set a $220.00 price objective (up previously from $200.00) on shares of Alibaba Group in a research report on Monday, November 6th. Finally, SunTrust Banks reiterated a “buy” rating and set a $210.00 price objective on shares of Alibaba Group in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $185.14.
Shares of Alibaba Group (NYSE BABA) traded down $4.65 on Wednesday, reaching $174.64. 22,656,400 shares of the company traded hands, compared to its average volume of 15,366,141. Alibaba Group has a 12 month low of $86.01 and a 12 month high of $191.75. The company has a market capitalization of $459,189.28, a PE ratio of 52.12, a PEG ratio of 1.36 and a beta of 2.52. 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 large investors have recently added to or reduced their stakes in the stock. AXA lifted its stake in Alibaba Group by 8.8% in the third quarter. AXA now owns 802,486 shares of the specialty retailer’s stock worth $138,597,000 after acquiring an additional 64,589 shares during the period. Wagner Bowman Management Corp purchased a new stake in Alibaba Group in the third quarter worth about $202,000. Shelton Capital Management purchased a new stake in Alibaba Group in the third quarter worth about $1,591,000. Steward Partners Investment Advisory LLC purchased a new stake in Alibaba Group in the third quarter worth about $12,310,000. Finally, Optimum Investment Advisors purchased a new stake in Alibaba Group in the third quarter worth about $266,000. 38.13% of the stock is owned by institutional investors.
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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.
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