Alibaba Group (NYSE:BABA) has been assigned a $195.00 price target by research analysts at Barclays in a research report issued on Sunday. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Barclays’ target price would indicate a potential upside of 34.82% from the company’s current price.
A number of other equities research analysts have also weighed in on BABA. Zacks Investment Research lowered Alibaba Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $305.00 target price on shares of Alibaba Group in a research report on Monday, July 9th. KeyCorp raised Alibaba Group to a “buy” rating and set a $235.00 target price for the company in a research report on Monday, July 9th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Alibaba Group in a research report on Wednesday, July 11th. Finally, Robert W. Baird decreased their target price on Alibaba Group from $220.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $216.02.
BABA opened at $144.64 on Friday. Alibaba Group has a 52-week low of $130.06 and a 52-week high of $211.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $378.00 billion, a P/E ratio of 35.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.35.
Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.19. Alibaba Group had a return on equity of 13.15% and a net margin of 19.33%. The company had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter in the previous year, the business earned $1.29 EPS. Alibaba Group’s revenue was up 49.6% compared to the same quarter last year. As a group, research analysts forecast that Alibaba Group will post 3.72 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BABA. Unigestion Holding SA grew its stake in Alibaba Group by 57.9% during the 3rd quarter. Unigestion Holding SA now owns 18,000 shares of the specialty retailer’s stock worth $2,966,000 after buying an additional 6,600 shares during the last quarter. Markston International LLC grew its stake in Alibaba Group by 4.3% during the 3rd quarter. Markston International LLC now owns 10,901 shares of the specialty retailer’s stock worth $1,796,000 after buying an additional 452 shares during the last quarter. Dupont Capital Management Corp grew its stake in Alibaba Group by 9.0% during the 3rd quarter. Dupont Capital Management Corp now owns 125,492 shares of the specialty retailer’s stock worth $20,676,000 after buying an additional 10,407 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Alibaba Group by 16.1% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 8,556 shares of the specialty retailer’s stock worth $1,386,000 after buying an additional 1,189 shares during the last quarter. Finally, Essex Financial Services Inc. grew its stake in Alibaba Group by 9.6% during the 3rd quarter. Essex Financial Services Inc. now owns 18,214 shares of the specialty retailer’s stock worth $3,001,000 after buying an additional 1,594 shares during the last quarter. 38.76% of the stock is owned by hedge funds and other 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.
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