Alibaba Group (NYSE:BABA) Price Target Raised to $190.00

Alibaba Group (NYSE:BABA) had its price target increased by Benchmark from $118.00 to $190.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

BABA has been the subject of a number of other reports. Barclays upped their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday. Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Robert W. Baird increased their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $131.93.

Alibaba Group Stock Performance

Alibaba Group stock opened at $143.67 on Friday. The stock has a fifty day moving average price of $95.43 and a 200 day moving average price of $92.88. Alibaba Group has a 52 week low of $68.36 and a 52 week high of $145.30. The firm has a market capitalization of $341.36 billion, a P/E ratio of 29.14, a PEG ratio of 0.53 and a beta of 0.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Equities research analysts anticipate that Alibaba Group will post 7.86 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BABA. Concord Wealth Partners increased its stake in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the 4th quarter valued at approximately $32,000. Highline Wealth Partners LLC bought a new position in Alibaba Group during the third quarter worth $36,000. Finally, Assetmark Inc. boosted its holdings in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

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.