Robert W. Baird Raises Alibaba Group (NYSE:BABA) Price Target to $110.00

Alibaba Group (NYSE:BABA) had its price objective increased by Robert W. Baird from $88.00 to $110.00 in a report released on Thursday, Benzinga reports. They currently have an outperform rating on the specialty retailer’s stock.

Several other research analysts also recently issued reports on the company. Barclays upped their price objective on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Susquehanna decreased their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Monday, October 7th. Finally, Truist Financial cut their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $114.00.

Alibaba Group Trading Up 1.6 %

Shares of BABA traded up $1.54 during trading hours on Thursday, reaching $97.90. The stock had a trading volume of 1,537,187 shares, compared to its average volume of 17,788,506. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a market cap of $248.42 billion, a P/E ratio of 22.46, a P/E/G ratio of 0.55 and a beta of 0.35. The firm has a 50-day moving average of $93.46 and a 200 day moving average of $82.82. Alibaba Group has a 52 week low of $66.63 and a 52 week high of $117.82.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. During the same period last year, the firm earned $2.47 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that Alibaba Group will post 7.93 earnings per share for the current fiscal year.

Institutional Trading of Alibaba Group

Several large investors have recently modified their holdings of BABA. Wealth Enhancement Advisory Services LLC boosted its stake in Alibaba Group by 1.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,399 shares of the specialty retailer’s stock valued at $1,548,000 after purchasing an additional 241 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Alibaba Group by 17.7% in the first quarter. 180 Wealth Advisors LLC now owns 7,609 shares of the specialty retailer’s stock worth $551,000 after purchasing an additional 1,144 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Alibaba Group in the first quarter valued at $31,000. Calton & Associates Inc. boosted its stake in shares of Alibaba Group by 4.8% during the 1st quarter. Calton & Associates Inc. now owns 4,263 shares of the specialty retailer’s stock worth $308,000 after purchasing an additional 196 shares during the period. Finally, Viewpoint Capital Management LLC grew its holdings in Alibaba Group by 40.0% during the 1st quarter. Viewpoint Capital Management LLC now owns 3,674 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 1,050 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Company Profile

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.