Alibaba Group (NYSE:BABA) Price Target Increased to $225.00 by Analysts at Stifel Nicolaus

Alibaba Group (NYSE:BABA) had its price target upped by Stifel Nicolaus from $220.00 to $225.00 in a research note released on Friday, The Fly reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

BABA has been the subject of a number of other reports. Raymond James decreased their price target on shares of Alibaba Group from $285.00 to $280.00 and set a strong-buy rating for the company in a research note on Thursday, May 16th. Benchmark restated a buy rating and issued a $220.00 price objective (up previously from $205.00) on shares of Alibaba Group in a report on Thursday, May 16th. KeyCorp restated an overweight rating and issued a $240.00 price objective (up previously from $210.00) on shares of Alibaba Group in a report on Tuesday, May 7th. Barclays upped their price objective on shares of Alibaba Group from $220.00 to $225.00 and gave the stock an overweight rating in a report on Monday, May 20th. Finally, UBS Group set a $210.00 price objective on shares of Alibaba Group and gave the stock a buy rating in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $218.89.

BABA stock traded up $7.63 during trading on Friday, reaching $174.60. The company had a trading volume of 25,365,500 shares, compared to its average volume of 18,912,960. Alibaba Group has a 52 week low of $129.77 and a 52 week high of $195.72. The company has a market cap of $444.25 billion, a P/E ratio of 48.64, a PEG ratio of 1.45 and a beta of 2.30. The business has a 50 day moving average of $169.46 and a 200 day moving average of $172.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.32. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The company had revenue of $114.92 billion during the quarter, compared to the consensus estimate of $111.65 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. Alibaba Group’s revenue was up 42.0% on a year-over-year basis. Research analysts expect that Alibaba Group will post 5.04 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in Alibaba Group by 9.5% during the second quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock valued at $13,307,578,000 after purchasing an additional 6,830,518 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Alibaba Group by 9.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 65,655,896 shares of the specialty retailer’s stock valued at $11,125,391,000 after purchasing an additional 5,932,300 shares during the period. Baillie Gifford & Co. lifted its position in Alibaba Group by 3.6% during the first quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock valued at $8,945,169,000 after purchasing an additional 1,716,763 shares during the period. Vanguard Group Inc. lifted its position in Alibaba Group by 1.5% during the second quarter. Vanguard Group Inc. now owns 43,961,866 shares of the specialty retailer’s stock valued at $7,449,339,000 after purchasing an additional 641,497 shares during the period. Finally, Invesco Ltd. lifted its position in Alibaba Group by 204.2% during the second quarter. Invesco Ltd. now owns 32,935,629 shares of the specialty retailer’s stock valued at $5,580,942,000 after purchasing an additional 22,110,348 shares during the period. Hedge funds and other institutional investors own 41.06% of the company’s stock.

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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