Alibaba Group Holding Limited (NYSE:BABA) Receives $191.89 Consensus Price Target from Brokerages

Alibaba Group Holding Limited (NYSE:BABA) has earned a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and eighteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $194.1111.

A number of brokerages recently weighed in on BABA. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, October 8th. Mizuho set a $195.00 price target on shares of Alibaba Group in a research note on Wednesday, October 22nd. Susquehanna increased their price objective on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a report on Thursday, September 18th. Citigroup boosted their target price on Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Finally, Robert W. Baird increased their price target on Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th.

Alibaba Group Stock Up 0.6%

Shares of Alibaba Group stock opened at $158.38 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. Alibaba Group has a 1-year low of $80.06 and a 1-year high of $192.67. The business’s fifty day moving average price is $167.26 and its two-hundred day moving average price is $140.05. The company has a market capitalization of $377.91 billion, a P/E ratio of 21.88, a PEG ratio of 2.43 and a beta of 0.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 981 shares during the last quarter. Commerce Bank grew its position in Alibaba Group by 5.1% in the first quarter. Commerce Bank now owns 3,347 shares of the specialty retailer’s stock worth $443,000 after buying an additional 161 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Alibaba Group by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 42,403 shares of the specialty retailer’s stock valued at $5,607,000 after buying an additional 693 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Alibaba Group by 32.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 223,303 shares of the specialty retailer’s stock valued at $29,527,000 after acquiring an additional 54,264 shares during the last quarter. Finally, ING Groep NV boosted its stake in shares of Alibaba Group by 481.2% during the 1st quarter. ING Groep NV now owns 15,540 shares of the specialty retailer’s stock worth $2,055,000 after acquiring an additional 12,866 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

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.