Alibaba Group (BABA) PT Lowered to $219.00

Alibaba Group (NYSE:BABA) had its price objective lowered by analysts at KeyCorp from $228.00 to $219.00 in a report released on Tuesday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. KeyCorp’s target price indicates a potential upside of 24.89% from the company’s current price.

A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Monday. Barclays set a $220.00 target price on Alibaba Group and gave the company a “buy” rating in a report on Thursday, April 5th. Deutsche Bank set a $204.00 target price on Alibaba Group and gave the company a “buy” rating in a report on Thursday, April 5th. Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $211.39 target price for the company in a report on Tuesday, February 27th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $230.00 target price (up previously from $205.00) on shares of Alibaba Group in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $213.26.

Shares of BABA opened at $175.36 on Tuesday. Alibaba Group has a fifty-two week low of $109.82 and a fifty-two week high of $206.20. The stock has a market capitalization of $435,063.22, a P/E ratio of 69.86, a PEG ratio of 0.99 and a beta of 2.52. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29.



Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.08). Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. The firm had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the business posted $1.30 EPS. sell-side analysts expect that Alibaba Group will post 4.06 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. lifted its position in Alibaba Group by 8,940.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,979,321 shares of the specialty retailer’s stock valued at $513,724,000 after purchasing an additional 2,946,365 shares during the last quarter. Barings LLC lifted its position in Alibaba Group by 7,117.7% in the fourth quarter. Barings LLC now owns 1,535,928 shares of the specialty retailer’s stock valued at $264,840,000 after purchasing an additional 1,514,648 shares during the last quarter. BlackRock Inc. lifted its position in Alibaba Group by 2.6% in the fourth quarter. BlackRock Inc. now owns 56,469,345 shares of the specialty retailer’s stock valued at $9,737,009,000 after purchasing an additional 1,443,555 shares during the last quarter. OppenheimerFunds Inc. lifted its position in Alibaba Group by 7.5% in the fourth quarter. OppenheimerFunds Inc. now owns 16,055,811 shares of the specialty retailer’s stock valued at $2,768,502,000 after purchasing an additional 1,122,712 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP lifted its position in Alibaba Group by 8.3% in the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 12,563,258 shares of the specialty retailer’s stock valued at $2,163,750,000 after purchasing an additional 964,361 shares during the last quarter. Institutional investors own 37.73% of the company’s stock.

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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.

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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