Alibaba Group (NYSE:BABA)‘s stock had its “buy” rating reiterated by investment analysts at Goldman Sachs Group in a report released on Friday, TipRanks reports. They currently have a $275.00 price objective on the specialty retailer’s stock. Goldman Sachs Group’s price target would indicate a potential upside of 25.21% from the stock’s current price.
BABA has been the subject of a number of other research reports. KeyCorp upped their target price on Alibaba Group from $243.00 to $260.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. TH Capital upped their target price on Alibaba Group from to in a report on Tuesday, January 7th. Daiwa Capital Markets assumed coverage on Alibaba Group in a report on Thursday, January 9th. They issued a “buy” rating for the company. SunTrust Banks dropped coverage on Alibaba Group in a report on Friday, November 1st. Finally, Robert W. Baird set a $200.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $238.71.
Alibaba Group stock opened at $219.63 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. Alibaba Group has a 52 week low of $147.95 and a 52 week high of $231.14. The stock has a market capitalization of $557.62 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.41 and a beta of 2.21. The stock has a fifty day moving average of $217.95 and a 200-day moving average of $189.42.
Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $18.19 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $16.33. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. The company had revenue of $161.46 billion during the quarter, compared to analysts’ expectations of $156 billion. During the same quarter in the previous year, the firm earned $12.19 EPS. Alibaba Group’s revenue was up 37.7% on a year-over-year basis. On average, research analysts forecast that Alibaba Group will post 5.95 earnings per share for the current year.
Several hedge funds have recently modified their holdings of BABA. GQG Partners LLC increased its stake in shares of Alibaba Group by 2,641.0% in the fourth quarter. GQG Partners LLC now owns 7,640,310 shares of the specialty retailer’s stock valued at $1,620,851,000 after buying an additional 7,361,567 shares during the period. BlackRock Inc. increased its stake in shares of Alibaba Group by 9.5% in the second quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock valued at $13,307,578,000 after buying an additional 6,830,518 shares during the period. State Street Corp increased its stake in shares of Alibaba Group by 18.7% in the fourth quarter. State Street Corp now owns 35,607,263 shares of the specialty retailer’s stock valued at $12,969,965,000 after buying an additional 5,605,966 shares during the period. Genesis Investment Management LLP acquired a new stake in shares of Alibaba Group in the third quarter valued at about $748,808,000. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Alibaba Group by 12.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 26,753,779 shares of the specialty retailer’s stock valued at $5,674,477,000 after buying an additional 2,941,744 shares during the period. 46.78% of the stock is owned by institutional investors.
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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