Alibaba Group (NYSE:BABA) Given New $137.00 Price Target at Barclays

Alibaba Group (NYSE:BABA) had its target price upped by Barclays from $107.00 to $137.00 in a research report released on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the specialty retailer’s stock.

A number of other research analysts have also weighed in on the stock. Bank of America raised their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Sanford C. Bernstein raised their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Monday, October 7th. Finally, Robert W. Baird raised their price objective on shares of Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $112.63.

Alibaba Group Stock Up 2.3 %

Alibaba Group stock opened at $102.41 on Tuesday. Alibaba Group has a 1-year low of $66.63 and a 1-year high of $117.82. The firm has a market capitalization of $259.87 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35. The firm’s fifty day moving average price is $92.30 and its two-hundred day moving average price is $82.17. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same period last year, the firm earned $2.47 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that Alibaba Group will post 7.93 earnings per share for the current fiscal year.

Institutional Trading of Alibaba Group

Several hedge funds and other institutional investors have recently modified their holdings of BABA. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group in the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC raised its position in shares of Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Alibaba Group in the second quarter valued at approximately $27,000. Register Financial Advisors LLC bought a new stake in shares of Alibaba Group in the first quarter valued at approximately $31,000. Finally, Asset Dedication LLC increased its holdings in Alibaba Group by 315.0% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 400 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

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.