Alibaba Group (NYSE:BABA) Price Target Raised to $180.00

Alibaba Group (NYSE:BABA) had its price objective lifted by Barclays from $130.00 to $180.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an overweight rating on the specialty retailer’s stock.

Other equities analysts have also issued reports about the stock. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup boosted their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Mizuho boosted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird boosted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, Bank of America upped their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $131.93.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $143.67 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s 50-day simple moving average is $95.43 and its 200-day simple moving average is $93.09. Alibaba Group has a twelve month low of $68.36 and a twelve month high of $145.30. The firm has a market cap of $341.36 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. As a group, research analysts expect that Alibaba Group will post 7.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

Institutional investors and hedge funds have recently modified their holdings of the business. Concord Wealth Partners raised its stake in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Highline Wealth Partners LLC bought a new stake in shares of Alibaba Group during the third quarter worth approximately $36,000. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group during the fourth quarter worth approximately $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group during the fourth quarter worth approximately $32,000. Finally, Assetmark Inc. raised its stake in shares of Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

About Alibaba Group

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.