Alibaba Group (BABA) Given New $200.00 Price Target at UBS Group

Alibaba Group (NYSE:BABA) had its price target cut by UBS Group from $220.00 to $200.00 in a research note published on Monday morning, www.benzinga.com reports. They currently have a buy rating on the specialty retailer’s stock.

Other equities research analysts also recently issued research reports about the company. MED dropped their target price on Alibaba Group to $196.00 and set a buy rating for the company in a research report on Thursday, August 23rd. Raymond James dropped their target price on Alibaba Group from $300.00 to $280.00 and set a strong-buy rating for the company in a research report on Thursday, August 16th. Susquehanna Bancshares restated a positive rating and set a $305.00 target price on shares of Alibaba Group in a research report on Monday, July 9th. Barclays dropped their target price on Alibaba Group from $230.00 to $225.00 and set a buy rating for the company in a research report on Monday, August 27th. Finally, MKM Partners dropped their target price on Alibaba Group to $270.00 and set a buy rating for the company in a research report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $216.02.

Alibaba Group stock opened at $148.99 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $377.62 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 1.15 and a beta of 2.35. Alibaba Group has a 52 week low of $130.06 and a 52 week high of $211.70.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.19. The company had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.51 billion. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The business’s revenue was up 49.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. Research analysts anticipate that Alibaba Group will post 3.48 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northeast Financial Consultants Inc increased its holdings in shares of Alibaba Group by 10.9% in the third quarter. Northeast Financial Consultants Inc now owns 5,498 shares of the specialty retailer’s stock worth $905,000 after acquiring an additional 541 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Alibaba Group by 12.3% in the third quarter. Crossmark Global Holdings Inc. now owns 50,405 shares of the specialty retailer’s stock worth $8,305,000 after acquiring an additional 5,527 shares in the last quarter. FormulaFolio Investments LLC increased its holdings in shares of Alibaba Group by 15.3% in the third quarter. FormulaFolio Investments LLC now owns 4,991 shares of the specialty retailer’s stock worth $822,000 after acquiring an additional 664 shares in the last quarter. AXA increased its holdings in shares of Alibaba Group by 1.5% in the third quarter. AXA now owns 1,644,416 shares of the specialty retailer’s stock worth $270,933,000 after acquiring an additional 23,613 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of Alibaba Group by 12.8% in the third quarter. Westside Investment Management Inc. now owns 6,561 shares of the specialty retailer’s stock worth $1,056,000 after acquiring an additional 745 shares in the last quarter. Institutional investors and hedge funds own 38.76% of the company’s stock.

About Alibaba Group

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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