Alibaba Group (NYSE:BABA) Stock Price Expected to Rise, Nomura Analyst Says

Alibaba Group (NYSE:BABA) had its price target raised by equities research analysts at Nomura from $193.00 to $237.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Nomura’s target price points to a potential upside of 39.87% from the stock’s current price.

Other research analysts have also issued reports about the company. CLSA raised their price target on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Jefferies Financial Group dropped their price target on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Loop Capital set a $140.00 price target on shares of Alibaba Group in a research note on Tuesday, January 6th. Erste Group Bank upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Zacks Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $195.17.

Alibaba Group Stock Performance

Shares of BABA stock opened at $169.44 on Monday. Alibaba Group has a 12-month low of $89.22 and a 12-month high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $404.53 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 3.73 and a beta of 0.37. The business has a 50 day simple moving average of $156.97 and a 200 day simple moving average of $150.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BABA. Brighton Jones LLC boosted its stake in shares of Alibaba Group by 40.4% during the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 981 shares during the period. AQR Capital Management LLC acquired a new stake in Alibaba Group during the first quarter valued at $254,000. Fifth Third Bancorp increased its position in Alibaba Group by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock worth $1,109,000 after purchasing an additional 94 shares during the last quarter. ORG Partners LLC raised its stake in shares of Alibaba Group by 34.0% during the 2nd quarter. ORG Partners LLC now owns 422 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 107 shares in the last quarter. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of Alibaba Group during the 2nd quarter valued at about $841,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Company Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co?founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high?profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.