Morgan Stanley set a $207.00 price objective on Alibaba Group (NYSE:BABA) in a report released on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the specialty retailer’s stock.
Other research analysts also recently issued reports about the stock. UBS Group set a $210.00 price objective on shares of Alibaba Group and gave the company a buy rating in a research report on Tuesday, June 11th. Macquarie set a $226.00 target price on shares of Alibaba Group and gave the stock a buy rating in a research report on Wednesday, June 19th. Raymond James reaffirmed a buy rating on shares of Alibaba Group in a research report on Tuesday, September 24th. Stifel Nicolaus set a $225.00 target price on shares of Alibaba Group and gave the stock a buy rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group assumed coverage on shares of Alibaba Group in a research report on Monday, August 5th. They issued a buy rating and a $216.00 target price on the stock. One research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $219.92.
Alibaba Group stock traded up $1.25 during mid-day trading on Friday, reaching $167.23. 14,663,485 shares of the company traded hands, compared to its average volume of 16,128,157. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s 50 day moving average price is $172.94 and its 200 day moving average price is $172.79. The firm has a market capitalization of $425.22 billion, a price-to-earnings ratio of 46.58, a P/E/G ratio of 1.08 and a beta of 2.28. Alibaba Group has a 52-week low of $129.77 and a 52-week high of $195.72.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.32. The business 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 24.40% and a return on equity of 14.36%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 EPS. On average, sell-side analysts anticipate that Alibaba Group will post 5.81 EPS for the current year.
A number of hedge funds have recently made changes to their positions in BABA. Lee Financial Co lifted its stake in Alibaba Group by 194.6% during the 2nd quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 109 shares during the period. WealthStone Inc. bought a new position in Alibaba Group during the 2nd quarter valued at about $29,000. Farmers & Merchants Investments Inc. lifted its stake in Alibaba Group by 100.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 100 shares during the period. Coastal Capital Group Inc. bought a new position in Alibaba Group during the 2nd quarter valued at about $34,000. Finally, Phocas Financial Corp. bought a new position in Alibaba Group during the 2nd quarter valued at about $34,000. 43.43% of the stock is currently owned by institutional investors.
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.
Read More: What is a Special Dividend?
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.