Alibaba Group (BABA) Cut to “Hold” at ValuEngine

ValuEngine downgraded shares of Alibaba Group (NYSE:BABA) from a buy rating to a hold rating in a research note published on Monday.

A number of other research analysts have also recently commented on the company. BNP Paribas initiated coverage on Alibaba Group in a research note on Thursday, June 14th. They issued a buy rating on the stock. KeyCorp reduced their target price on Alibaba Group from $228.00 to $219.00 and set an overweight rating on the stock in a research note on Tuesday, April 10th. Barclays set a $220.00 target price on Alibaba Group and gave the company a buy rating in a research note on Thursday, April 5th. Zacks Investment Research raised Alibaba Group from a hold rating to a buy rating and set a $199.00 target price on the stock in a research note on Wednesday, April 4th. Finally, SunTrust Banks increased their target price on Alibaba Group to $235.00 and gave the company a buy rating in a research note on Monday, May 7th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. Alibaba Group has a consensus rating of Buy and a consensus price target of $231.18.

Shares of BABA stock opened at $186.88 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.97 and a debt-to-equity ratio of 0.27. Alibaba Group has a 52-week low of $141.83 and a 52-week high of $211.70. The firm has a market capitalization of $473.17 billion, a P/E ratio of 46.37, a price-to-earnings-growth ratio of 1.12 and a beta of 2.55.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). The firm had revenue of $9.87 billion during the quarter, compared to the consensus estimate of $9.36 billion. Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. During the same period in the prior year, the company earned $0.63 EPS. analysts predict that Alibaba Group will post 5.36 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Avestar Capital LLC bought a new stake in shares of Alibaba Group in the fourth quarter worth about $102,000. Riverhead Capital Management LLC bought a new stake in shares of Alibaba Group in the first quarter worth about $110,000. Wagner Wealth Management LLC bought a new stake in shares of Alibaba Group in the fourth quarter worth about $123,000. Clarus Wealth Advisors bought a new stake in shares of Alibaba Group in the second quarter worth about $125,000. Finally, Jacobi Capital Management LLC grew its stake in shares of Alibaba Group by 480.0% in the first quarter. Jacobi Capital Management LLC now owns 725 shares of the specialty retailer’s stock worth $129,000 after purchasing an additional 600 shares during the last quarter. 37.88% of the stock is currently owned by institutional investors.

Alibaba Group Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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