Royal Bank of Canada set a $210.00 target price on Alibaba Group (NYSE:BABA) in a research note released on Monday, TipRanks reports. The brokerage currently has a buy rating on the specialty retailer’s stock.
A number of other equities research analysts have also weighed in on BABA. SunTrust Banks reaffirmed a buy rating and set a $200.00 target price on shares of Alibaba Group in a research report on Wednesday, May 15th. Loop Capital started coverage on Alibaba Group in a report on Monday, June 3rd. They issued a buy rating and a $250.00 price target on the stock. Jefferies Financial Group started coverage on Alibaba Group in a report on Monday, August 5th. They issued a buy rating and a $216.00 price target on the stock. Stifel Nicolaus reiterated a buy rating and issued a $220.00 price target on shares of Alibaba Group in a report on Friday, May 24th. Finally, Zacks Investment Research upgraded Alibaba Group from a sell rating to a hold rating in a report on Monday, April 22nd. One research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $218.18.
Shares of BABA stock traded down $1.35 on Monday, reaching $162.68. 15,839,451 shares of the company’s stock were exchanged, compared to its average volume of 16,640,510. Alibaba Group has a 52 week low of $129.77 and a 52 week high of $195.72. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. The company has a market cap of $404.86 billion, a PE ratio of 45.31, a PEG ratio of 1.43 and a beta of 2.30. The business has a fifty day moving average of $169.58.
Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $7.82. The business had revenue of $93.50 billion during the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. Alibaba Group’s revenue was up 51.0% on a year-over-year basis. During the same period in the previous year, the company posted $5.73 EPS. Equities analysts predict that Alibaba Group will post 5.04 EPS for the current year.
A number of hedge funds have recently made changes to their positions in BABA. Beacon Pointe Advisors LLC purchased a new stake in Alibaba Group during the 2nd quarter valued at about $215,000. Polar Asset Management Partners Inc. grew its stake in Alibaba Group by 768.2% during the 2nd quarter. Polar Asset Management Partners Inc. now owns 191,000 shares of the specialty retailer’s stock valued at $32,365,000 after purchasing an additional 169,000 shares during the last quarter. Marshall Wace North America L.P. grew its stake in Alibaba Group by 12,130.4% during the 2nd quarter. Marshall Wace North America L.P. now owns 1,337,515 shares of the specialty retailer’s stock valued at $226,642,000 after purchasing an additional 1,326,579 shares during the last quarter. Assetmark Inc. grew its stake in Alibaba Group by 61.7% during the 2nd quarter. Assetmark Inc. now owns 1,606 shares of the specialty retailer’s stock valued at $272,000 after purchasing an additional 613 shares during the last quarter. Finally, First Foundation Advisors grew its stake in Alibaba Group by 23.1% during the 2nd quarter. First Foundation Advisors now owns 1,841 shares of the specialty retailer’s stock valued at $312,000 after purchasing an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 41.06% of the company’s stock.
Alibaba Group Company Profile
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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