Alibaba Group (NYSE:BABA) PT Raised to $245.00 at KeyCorp

Alibaba Group (NYSE:BABA) had its target price raised by KeyCorp from $240.00 to $245.00 in a report published on Friday morning, 24/7 WallStreet reports. KeyCorp currently has an overweight rating on the specialty retailer’s stock.

A number of other research firms also recently commented on BABA. Macquarie set a $226.00 target price on Alibaba Group and gave the company a buy rating in a report on Wednesday, June 19th. TH Capital raised their target price on Alibaba Group from $180.00 to $220.00 in a report on Monday, May 13th. Jefferies Financial Group initiated coverage on Alibaba Group in a report on Monday, August 5th. They issued a buy rating and a $216.00 target price for the company. Mizuho raised their target price on Alibaba Group from $215.00 to $225.00 and gave the company a buy rating in a report on Thursday, May 16th. Finally, Zacks Investment Research raised Alibaba Group from a sell rating to a hold rating in a report on Monday, April 22nd. One research 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 stock. Alibaba Group has a consensus rating of Buy and an average price target of $218.96.

Alibaba Group stock opened at $178.28 on Friday. Alibaba Group has a one year low of $129.77 and a one year high of $195.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30. The business has a fifty day moving average of $169.83 and a two-hundred day moving average of $172.79. The company has a market cap of $424.84 billion, a P/E ratio of 49.66, a price-to-earnings-growth ratio of 1.50 and a beta of 2.30.



Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.32. Alibaba Group had a return on equity of 14.87% and a net margin of 24.40%. The company had revenue of $114.92 billion during the quarter, compared to the consensus estimate of $111.65 billion. During the same quarter last year, the company earned $1.01 earnings per share. Alibaba Group’s quarterly revenue was up 42.0% compared to the same quarter last year. Sell-side analysts predict that Alibaba Group will post 5.04 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Griffin Asset Management Inc. increased its position in Alibaba Group by 1.0% during the 2nd quarter. Griffin Asset Management Inc. now owns 25,549 shares of the specialty retailer’s stock worth $4,329,000 after purchasing an additional 255 shares in the last quarter. Colony Group LLC increased its position in Alibaba Group by 11.2% during the 2nd quarter. Colony Group LLC now owns 11,780 shares of the specialty retailer’s stock worth $1,996,000 after purchasing an additional 1,184 shares in the last quarter. Phocas Financial Corp. purchased a new stake in Alibaba Group during the 2nd quarter worth about $34,000. LGL Partners LLC increased its position in Alibaba Group by 9.0% during the 2nd quarter. LGL Partners LLC now owns 8,365 shares of the specialty retailer’s stock worth $1,417,000 after purchasing an additional 689 shares in the last quarter. Finally, Maverick Capital Ltd. increased its position in Alibaba Group by 66.1% during the 2nd quarter. Maverick Capital Ltd. now owns 1,907,478 shares of the specialty retailer’s stock worth $323,222,000 after purchasing an additional 758,838 shares in the last quarter. 42.12% of the stock is owned by institutional investors and hedge funds.

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.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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