Alibaba Group (NYSE:BABA) Price Target Raised to $170.00

Alibaba Group (NYSE:BABA) had its price objective lifted by Mizuho from $140.00 to $170.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the specialty retailer’s stock.

Other analysts have also recently issued research reports about the company. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citigroup increased their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Bank of America boosted their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Benchmark increased their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $148.14.

Alibaba Group Trading Down 2.3 %

NYSE:BABA opened at $132.49 on Friday. The firm’s 50 day moving average is $121.60 and its 200 day moving average is $102.70. Alibaba Group has a 12 month low of $68.36 and a 12 month high of $148.43. The stock has a market capitalization of $314.80 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (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 the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Sell-side analysts expect that Alibaba Group will post 7.86 earnings per share for the current year.

Institutional Investors Weigh In On Alibaba Group

Several institutional investors have recently made changes to their positions in BABA. Norges Bank purchased a new stake in Alibaba Group in the fourth quarter worth $585,479,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Alibaba Group by 3,180.1% in 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 during the period. Hhlr Advisors LTD. lifted its holdings in Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after buying an additional 3,448,152 shares in the last quarter. FMR LLC boosted its position in Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after buying an additional 2,959,954 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Alibaba Group by 208.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer’s stock worth $254,000,000 after acquiring an additional 2,024,640 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

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.