UBS Group Analysts Give Alibaba Group (NYSE:BABA) a $210.00 Price Target

UBS Group set a $210.00 price target on Alibaba Group (NYSE:BABA) in a research note released on Tuesday, TipRanks reports. The firm currently has a buy rating on the specialty retailer’s stock.

Several other analysts have also issued reports on the stock. Morgan Stanley set a $196.00 target price on shares of Alibaba Group and gave the company a buy rating in a research report on Tuesday, March 26th. Stifel Nicolaus lifted their target price on shares of Alibaba Group from $200.00 to $220.00 and gave the company a buy rating in a research report on Thursday, May 16th. Zacks Investment Research lowered shares of Alibaba Group from a hold rating to a sell rating in a research report on Tuesday, April 16th. SunTrust Banks reiterated a buy rating and issued a $200.00 target price on shares of Alibaba Group in a research report on Wednesday, May 15th. Finally, Barclays lifted their target price on shares of Alibaba Group from $220.00 to $225.00 and gave the company an overweight rating in a research report on Monday, May 20th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $218.39.

BABA stock opened at $162.65 on Tuesday. The firm has a market cap of $395.01 billion, a P/E ratio of 45.31, a PEG ratio of 1.13 and a beta of 2.32. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. Alibaba Group has a one year low of $129.77 and a one year high of $211.12.



Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. The company had revenue of $93.50 billion for the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The firm’s revenue was up 51.0% on a year-over-year basis. During the same quarter last year, the business earned $5.73 earnings per share. Research analysts predict that Alibaba Group will post 5.1 earnings per share for the current year.

Several large investors have recently bought and sold shares of BABA. Norges Bank purchased a new position in shares of Alibaba Group in the fourth quarter worth about $1,734,020,000. BlackRock Inc. lifted its stake in shares of Alibaba Group by 7.4% in the fourth quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after buying an additional 4,674,615 shares in the last quarter. Investec Asset Management LTD lifted its stake in shares of Alibaba Group by 87.4% in the first quarter. Investec Asset Management LTD now owns 5,335,580 shares of the specialty retailer’s stock worth $973,477,000 after buying an additional 2,488,530 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Alibaba Group by 15.5% in the first quarter. Wellington Management Group LLP now owns 17,150,380 shares of the specialty retailer’s stock worth $3,129,088,000 after buying an additional 2,301,412 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Alibaba Group by 40.4% in the fourth quarter. Legal & General Group Plc now owns 7,770,872 shares of the specialty retailer’s stock worth $1,065,152,000 after buying an additional 2,234,676 shares in the last quarter. 40.68% of the stock is currently owned by hedge funds and other institutional investors.

About Alibaba Group

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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