Deutsche Bank set a $204.00 price target on Alibaba Group (NYSE:BABA) in a report published on Thursday. The brokerage currently has a buy rating on the specialty retailer’s stock.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Alibaba Group from a hold rating to a buy rating and set a $199.00 price target for the company in a report on Wednesday, April 4th. Vetr raised Alibaba Group from a buy rating to a strong-buy rating and set a $211.39 price target for the company in a report on Tuesday, February 27th. Sanford C. Bernstein reaffirmed an outperform rating and issued a $230.00 price target (up previously from $205.00) on shares of Alibaba Group in a report on Monday, February 5th. Raymond James Financial upped their price target on Alibaba Group to $240.00 and gave the stock a strong-buy rating in a report on Friday, February 2nd. Finally, MKM Partners upped their price target on Alibaba Group to $260.00 and gave the stock a buy rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $213.61.
NYSE BABA opened at $167.52 on Thursday. The stock has a market capitalization of $429,044.53, a P/E ratio of 66.74, a price-to-earnings-growth ratio of 0.97 and a beta of 2.52. Alibaba Group has a twelve month low of $106.76 and a twelve month high of $206.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29.
Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). The business had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same period in the previous year, the company posted $1.30 EPS. equities research analysts expect that Alibaba Group will post 4.06 EPS for the current year.
Several large investors have recently bought and sold shares of BABA. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Alibaba Group in the third quarter valued at approximately $224,000. Commonwealth Bank of Australia grew its position in Alibaba Group by 35.6% in the third quarter. Commonwealth Bank of Australia now owns 5,336 shares of the specialty retailer’s stock worth $921,000 after acquiring an additional 1,400 shares during the period. Dimensional Fund Advisors LP grew its position in Alibaba Group by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,267,797 shares of the specialty retailer’s stock worth $391,422,000 after acquiring an additional 89,440 shares during the period. Epoch Investment Partners Inc. purchased a new position in Alibaba Group in the third quarter worth approximately $4,715,000. Finally, B. Riley Financial Inc. purchased a new position in Alibaba Group in the third quarter worth approximately $251,000. 37.73% of the stock is owned by hedge funds and other institutional investors.
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About Alibaba Group
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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