Alibaba Group (NYSE:BABA) Upgraded at Argus

Alibaba Group (NYSE:BABAGet Free Report) was upgraded by Argus to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

BABA has been the subject of several other research reports. Mizuho cut their price target on Alibaba Group from $195.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Morgan Stanley lowered their price objective on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Wednesday, January 21st. Weiss Ratings downgraded shares of Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Finally, Citigroup lifted their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Sixteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.95.

Read Our Latest Stock Analysis on BABA

Alibaba Group Stock Down 0.4%

Alibaba Group stock opened at $125.55 on Tuesday. Alibaba Group has a twelve month low of $95.73 and a twelve month high of $192.67. The stock has a 50 day moving average of $152.36 and a two-hundred day moving average of $158.51. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $299.75 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.87 and a beta of 0.43.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BABA. Northwestern Mutual Wealth Management Co. grew its position in Alibaba Group by 7,680.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock worth $881,554,000 after buying an additional 5,936,847 shares during the period. Capital World Investors lifted its position in shares of Alibaba Group by 1,074.9% during the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock valued at $1,079,229,000 after acquiring an additional 5,524,354 shares during the period. Norges Bank acquired a new stake in shares of Alibaba Group during the 2nd quarter valued at approximately $527,243,000. Alkeon Capital Management LLC purchased a new stake in shares of Alibaba Group during the 2nd quarter worth approximately $184,291,000. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $290,208,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

More Alibaba Group News

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Alibaba Group Company Profile

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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