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

Alibaba Group (NYSE:BABA) had its price objective upped by equities researchers at Nomura from $170.00 to $215.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Nomura’s price target suggests a potential upside of 35.42% from the company’s previous close.

A number of other research firms also recently issued reports on BABA. Robert W. Baird lifted their price objective on shares of Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Wall Street Zen cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Mizuho raised their target price on shares of Alibaba Group from $149.00 to $159.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Jefferies Financial Group raised their target price on shares of Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Erste Group Bank raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $188.06.

Alibaba Group Price Performance

NYSE BABA opened at $158.76 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group has a 12-month low of $80.06 and a 12-month high of $192.67. The company has a market capitalization of $378.50 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.18. The firm’s 50 day moving average is $146.36 and its 200-day moving average is $127.53.

Institutional Investors Weigh In On Alibaba Group

A number of institutional investors have recently modified their holdings of BABA. Kingstone Capital Partners Texas LLC boosted its position in shares of Alibaba Group by 1,349,768.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock valued at $5,558,646,000 after acquiring an additional 49,010,087 shares during the period. Norges Bank acquired a new position in Alibaba Group during the second quarter worth about $527,243,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Alibaba Group by 3,214.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer’s stock worth $578,992,000 after acquiring an additional 4,246,564 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Alibaba Group by 85.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock worth $1,131,558,000 after acquiring an additional 3,947,460 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Alibaba Group by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after acquiring an additional 2,885,154 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.