Alibaba Group (NYSE:BABA) Price Target Increased to $225.00 by Analysts at Stifel Nicolaus

Alibaba Group (NYSE:BABA) had its target price lifted by Stifel Nicolaus from $220.00 to $225.00 in a report released on Friday morning, The Fly reports. Stifel Nicolaus currently has a buy rating on the specialty retailer’s stock.

Several other research firms have also recently weighed in on BABA. Zacks Investment Research raised shares of Alibaba Group from a sell rating to a hold rating in a research note on Monday, April 22nd. Raymond James cut their target price on shares of Alibaba Group from $285.00 to $280.00 and set a strong-buy rating for the company in a research note on Thursday, May 16th. Barclays raised their target price on shares of Alibaba Group from $220.00 to $225.00 and gave the company an overweight rating in a research note on Monday, May 20th. SunTrust Banks reaffirmed a positive rating and set a $210.00 target price (up from $205.00) on shares of Alibaba Group in a research note on Thursday. Finally, Royal Bank of Canada set a $210.00 target price on shares of Alibaba Group and gave the company a buy rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $218.89.

Shares of BABA stock traded up $7.63 on Friday, hitting $174.60. 25,365,500 shares of the stock traded hands, compared to its average volume of 18,912,960. The firm has a market cap of $444.25 billion, a price-to-earnings ratio of 48.64, a PEG ratio of 1.45 and a beta of 2.30. Alibaba Group has a 52 week low of $129.77 and a 52 week high of $195.72. The firm has a 50 day simple moving average of $169.46 and a two-hundred day simple moving average of $172.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30.



Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.32. The firm had revenue of $114.92 billion for the quarter, compared to the consensus estimate of $111.65 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The company’s revenue was up 42.0% on a year-over-year basis. During the same period last year, the firm earned $1.01 EPS. Sell-side analysts forecast that Alibaba Group will post 5.04 EPS for the current year.

Several large investors have recently modified their holdings of BABA. Invesco Ltd. grew its stake in shares of Alibaba Group by 204.2% in the 2nd quarter. Invesco Ltd. now owns 32,935,629 shares of the specialty retailer’s stock worth $5,580,942,000 after buying an additional 22,110,348 shares in the last quarter. BlackRock Inc. grew its stake in shares of Alibaba Group by 9.5% in the 2nd quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock worth $13,307,578,000 after buying an additional 6,830,518 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Alibaba Group by 9.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 65,655,896 shares of the specialty retailer’s stock worth $11,125,391,000 after buying an additional 5,932,300 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Alibaba Group by 7,972.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,418,892 shares of the specialty retailer’s stock worth $748,781,000 after buying an additional 4,364,152 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its stake in shares of Alibaba Group by 17,466.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,207,884 shares of the specialty retailer’s stock worth $420,788,000 after buying an additional 4,183,930 shares in the last quarter. 41.06% of the stock is owned by institutional investors and hedge funds.

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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