Alibaba Group (NYSE:BABA) Upgraded at StockNews.com

StockNews.com upgraded shares of Alibaba Group (NYSE:BABA) from a hold rating to a buy rating in a report issued on Friday.

Other equities analysts have also issued research reports about the company. Robert W. Baird lifted their price target on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Mizuho lifted their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Barclays lowered their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Finally, Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.93.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $143.67 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $341.36 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.57 and a beta of 0.31. The business has a fifty day simple moving average of $95.43 and a two-hundred day simple moving average of $93.09. Alibaba Group has a 12 month low of $68.36 and a 12 month high of $145.30.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. On average, equities analysts forecast that Alibaba Group will post 7.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

A number of large investors have recently made changes to their positions in the company. Rings Capital Management LLC grew its stake in shares of Alibaba Group by 1.4% during the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock valued at $602,000 after purchasing an additional 100 shares during the period. Lindbrook Capital LLC boosted its stake in Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 101 shares during the period. Global Endowment Management LP boosted its stake in Alibaba Group by 1.4% in the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock worth $642,000 after purchasing an additional 106 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in Alibaba Group by 3.6% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after purchasing an additional 108 shares during the period. Finally, TRUE Private Wealth Advisors boosted its stake in Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 112 shares during the period. 13.47% of the stock is currently owned by institutional investors.

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.