Alibaba Group (NYSE:BABA) PT Raised to $110.00

Alibaba Group (NYSE:BABA) had its price target boosted by equities research analysts at Robert W. Baird from $88.00 to $110.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s price target indicates a potential upside of 12.29% from the company’s previous close.

Several other analysts have also issued reports on BABA. Jefferies Financial Group reiterated a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Morgan Stanley restated an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. Sanford C. Bernstein upped their price objective on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. upped their price objective on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Benchmark restated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

Alibaba Group Stock Performance

BABA opened at $97.96 on Thursday. Alibaba Group has a 52-week low of $66.63 and a 52-week high of $117.82. The firm has a market capitalization of $248.57 billion, a PE ratio of 22.83, a PEG ratio of 0.55 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The business’s 50-day simple moving average is $93.46 and its 200 day simple moving average is $82.82.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the prior year, the company posted $2.47 earnings per share. Alibaba Group’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Alibaba Group will post 7.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

Large investors have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. acquired a new stake in Alibaba Group during the second quarter worth approximately $25,000. GPS Wealth Strategies Group LLC grew its position in Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group during the second quarter worth approximately $27,000. Register Financial Advisors LLC acquired a new stake in Alibaba Group during the first quarter worth approximately $31,000. Finally, Asset Dedication LLC grew its position in Alibaba Group by 315.0% during the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.