Alibaba Group (BABA) – Investment Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Alibaba Group (NYSE: BABA) recently:

• 11/20/2024 – Alibaba Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/19/2024 – Alibaba Group had its price target lowered by analysts at Barclays PLC from $137.00 to $130.00. They now have an “overweight” rating on the stock.
• 11/15/2024 – Alibaba Group had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $118.00 price target on the stock.
• 11/12/2024 – Alibaba Group had its price target raised by analysts at Mizuho from $92.00 to $113.00. They now have an “outperform” rating on the stock.
• 11/12/2024 – Alibaba Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/24/2024 – Alibaba Group had its price target raised by analysts at Robert W. Baird from $88.00 to $110.00. They now have an “outperform” rating on the stock.
• 10/15/2024 – Alibaba Group had its price target raised by analysts at Barclays PLC from $107.00 to $137.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – Alibaba Group had its price target raised by analysts at Bank of America Co. from $106.00 to $124.00. They now have a “buy” rating on the stock.
• 10/7/2024 – Alibaba Group was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $145.00 price target on the stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $87.07 on Wednesday. The stock’s fifty day moving average is $98.41 and its 200 day moving average is $85.81. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The firm has a market capitalization of $208.48 billion, a PE ratio of 17.66, a PEG ratio of 0.39 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.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.23% and a net margin of 8.98%. The business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter last year, the firm posted $1.82 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Institutional Trading of Alibaba Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Primecap Management Co. CA increased its stake in Alibaba Group by 5.2% in the second quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer’s stock worth $1,574,711,000 after purchasing an additional 1,074,175 shares during the period. Sanders Capital LLC grew its position in shares of Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after buying an additional 60,667 shares in the last quarter. Hhlr Advisors LTD. grew its position in shares of Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after buying an additional 3,448,152 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Alibaba Group by 1,392.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after buying an additional 5,715,155 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Alibaba Group by 3,180.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after buying an additional 3,740,150 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

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.