Barclays Lowers Alibaba Group (NYSE:BABA) Price Target to $130.00

Alibaba Group (NYSE:BABA) had its price target lowered by investment analysts at Barclays from $137.00 to $130.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s price objective suggests a potential upside of 49.08% from the stock’s current price.

Several other equities analysts have also commented on the company. Mizuho raised their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. Susquehanna lowered their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Jefferies Financial Group restated a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Trading Down 2.4 %

BABA traded down $2.15 on Tuesday, reaching $87.20. 5,890,072 shares of the company traded hands, compared to its average volume of 17,620,398. The company has a market cap of $208.79 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 0.39 and a beta of 0.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group has a one year low of $66.63 and a one year high of $117.82. The firm has a fifty day simple moving average of $98.34 and a two-hundred day simple moving average of $85.77.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.23% and a net margin of 8.98%. Alibaba Group’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 earnings per share. As a group, equities research analysts expect that Alibaba Group will post 8.51 earnings per share for the current year.

Institutional Trading of Alibaba Group

A number of institutional investors have recently bought and sold shares of BABA. CANADA LIFE ASSURANCE Co lifted its stake in shares of Alibaba Group by 462.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after buying an additional 139,134 shares during the period. Generate Investment Management Ltd acquired a new stake in Alibaba Group during the 3rd quarter worth about $12,656,000. SRN Advisors LLC grew its stake in Alibaba Group by 76.7% during the 1st quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after purchasing an additional 9,663 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after purchasing an additional 11,192 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Alibaba Group by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after purchasing an additional 50,000 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.