Susquehanna Bancshares started coverage on shares of Alibaba Group (NYSE:BABA) in a research note released on Wednesday morning. The firm issued a positive rating and a $220.00 price objective on the specialty retailer’s stock.
Other analysts have also issued reports about the stock. Bank of America increased their price target on shares of Alibaba Group from $180.00 to $193.00 and gave the company a buy rating in a research report on Friday, August 18th. Macquarie increased their price target on shares of Alibaba Group from $171.00 to $200.00 and gave the company an outperform rating in a research report on Friday, August 18th. SunTrust Banks began coverage on shares of Alibaba Group in a research report on Tuesday, August 15th. They issued a buy rating and a $175.00 price target on the stock. KeyCorp set a $182.00 price target on shares of Alibaba Group and gave the company an overweight rating in a research report on Friday, August 18th. Finally, MKM Partners increased their price target on shares of Alibaba Group from $177.00 to $220.00 and gave the company a buy rating in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $185.14.
Alibaba Group (NYSE:BABA) traded up $2.33 during mid-day trading on Wednesday, hitting $174.96. 9,799,347 shares of the stock traded hands, compared to its average volume of 15,297,784. The firm has a market capitalization of $432,732.59, a price-to-earnings ratio of 49.12, a PEG ratio of 1.28 and a beta of 2.52. Alibaba Group has a twelve month low of $86.01 and a twelve month high of $191.75. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.
Large investors have recently bought and sold shares of the business. Shine Investment Advisory Services Inc. purchased a new position in Alibaba Group during the second quarter worth approximately $102,000. First Eagle Investment Management LLC purchased a new position in Alibaba Group during the third quarter worth approximately $104,000. Lorber David A purchased a new position in Alibaba Group during the third quarter worth approximately $109,000. Winch Advisory Services LLC raised its stake in Alibaba Group by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 482 shares during the period. Finally, San Francisco Sentry Investment Group CA purchased a new position in Alibaba Group during the second quarter worth approximately $116,000. 38.13% of the stock is currently owned by institutional investors.
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About Alibaba Group
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.
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