Alibaba Group (NYSE:BABA – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.
BABA has been the topic of several other reports. DZ Bank raised Alibaba Group from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday. Sanford C. Bernstein increased their target price on Alibaba Group from $98.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday. Citigroup increased their target price on Alibaba Group from $149.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird increased their target price on Alibaba Group from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Susquehanna decreased their price target on Alibaba Group from $175.00 to $160.00 in a research note on Tuesday, May 23rd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.64.
Alibaba Group Price Performance
BABA stock opened at $93.47 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.14. Alibaba Group has a 12-month low of $58.01 and a 12-month high of $121.30. The company has a market cap of $239.82 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 0.68 and a beta of 0.68. The stock has a 50-day moving average price of $91.18 and a two-hundred day moving average price of $91.51.
Alibaba Group (NYSE:BABA – Get Free Report) last released its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $17.37 earnings per share for the quarter, topping analysts’ consensus estimates of $14.59 by $2.78. The firm had revenue of $234.16 billion during the quarter, compared to analysts’ expectations of $224.75 billion. Alibaba Group had a return on equity of 12.55% and a net margin of 9.45%. Alibaba Group’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 EPS. As a group, research analysts predict that Alibaba Group will post 7.06 EPS for the current year.
Institutional Investors Weigh In On Alibaba Group
A number of institutional investors and hedge funds have recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC acquired a new position in Alibaba Group in the fourth quarter valued at about $26,000. Y.D. More Investments Ltd acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $27,000. WealthPlan Investment Management LLC grew its position in shares of Alibaba Group by 69.1% in the second quarter. WealthPlan Investment Management LLC now owns 959 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 392 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in Alibaba Group during the fourth quarter worth approximately $35,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Alibaba Group during the first quarter worth approximately $36,000. Institutional investors own 13.33% 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.