Alibaba Group’s (BABA) “Outperform” Rating Reaffirmed at Sanford C. Bernstein

Sanford C. Bernstein reaffirmed their outperform rating on shares of Alibaba Group (NYSE:BABA) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. Sanford C. Bernstein currently has a $230.00 price objective on the specialty retailer’s stock, up from their prior price objective of $205.00.

BABA has been the topic of a number of other reports. Macquarie reaffirmed a buy rating and set a $245.00 target price on shares of Alibaba Group in a research report on Monday, October 16th. They noted that the move was a valuation call. Barclays raised their target price on shares of Alibaba Group from $200.00 to $220.00 and gave the stock an overweight rating in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Alibaba Group from a hold rating to a buy rating and set a $198.00 target price on the stock in a research report on Monday, December 4th. Robert W. Baird raised their target price on shares of Alibaba Group from $190.00 to $210.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. Finally, BidaskClub raised shares of Alibaba Group from a buy rating to a strong-buy rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group presently has a consensus rating of Buy and an average target price of $211.40.

Alibaba Group (NYSE:BABA) opened at $173.70 on Monday. The company has a market cap of $461,776.09, a P/E ratio of 45.00, a PEG ratio of 1.46 and a beta of 2.58. Alibaba Group has a 1 year low of $100.11 and a 1 year high of $206.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). The company had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same period last year, the business posted $1.30 earnings per share. research analysts anticipate that Alibaba Group will post 4.05 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boussard & Gavaudan Investment Management LLP boosted its stake in Alibaba Group by 8.3% in the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 12,563,258 shares of the specialty retailer’s stock valued at $2,163,750,000 after acquiring an additional 964,361 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Alibaba Group by 3.7% in the fourth quarter. Fisher Asset Management LLC now owns 10,671,199 shares of the specialty retailer’s stock valued at $1,840,035,000 after acquiring an additional 383,104 shares in the last quarter. Third Point LLC boosted its stake in Alibaba Group by 46.7% in the third quarter. Third Point LLC now owns 6,600,000 shares of the specialty retailer’s stock valued at $1,139,886,000 after acquiring an additional 2,100,000 shares in the last quarter. Investec Asset Management LTD boosted its stake in Alibaba Group by 24.8% in the third quarter. Investec Asset Management LTD now owns 5,293,925 shares of the specialty retailer’s stock valued at $914,314,000 after acquiring an additional 1,052,394 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Alibaba Group by 1.7% in the third quarter. Janus Henderson Group PLC now owns 4,521,315 shares of the specialty retailer’s stock valued at $780,953,000 after acquiring an additional 74,690 shares in the last quarter. Hedge funds and other institutional investors own 37.96% of the company’s stock.

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Alibaba Group Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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