JPMorgan Chase & Co. reiterated their buy rating on shares of Alibaba Group (NYSE:BABA) in a report published on Monday morning, AnalystRatings.com reports. JPMorgan Chase & Co. currently has a $235.00 price target on the specialty retailer’s stock, up from their previous price target of $230.00.
Several other equities analysts also recently commented on BABA. KeyCorp lowered their price target on Alibaba Group from $245.00 to $243.00 and set an overweight rating on the stock in a report on Wednesday, October 16th. Robert W. Baird set a $200.00 price objective on Alibaba Group and gave the company a buy rating in a report on Friday, November 1st. ValuEngine cut Alibaba Group from a hold rating to a sell rating in a report on Wednesday, October 2nd. Nomura set a $215.00 price objective on Alibaba Group and gave the company a buy rating in a report on Tuesday, October 15th. Finally, Raymond James reaffirmed a buy rating on shares of Alibaba Group in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $225.78.
Shares of BABA stock opened at $184.16 on Monday. Alibaba Group has a 12 month low of $129.77 and a 12 month high of $195.72. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $173.26 and its two-hundred day moving average is $170.99. The company has a market cap of $468.58 billion, a PE ratio of 51.30, a price-to-earnings-growth ratio of 1.17 and a beta of 2.26.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 1st. The specialty retailer reported $1.49 EPS for the quarter, beating the consensus estimate of $1.19 by $0.30. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. The company had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.72 billion. As a group, equities analysts expect that Alibaba Group will post 5.71 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in BABA. Enterprise Trust & Investment Co acquired a new stake in Alibaba Group in the third quarter worth about $27,000. Lee Financial Co grew its position in shares of Alibaba Group by 194.6% during the 2nd quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock worth $28,000 after buying an additional 109 shares during the period. WealthStone Inc. acquired a new position in shares of Alibaba Group during the 2nd quarter worth about $29,000. Financial Advantage Inc. acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $33,000. Finally, B & T Capital Management DBA Alpha Capital Management acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 43.50% of the company’s stock.
About Alibaba Group
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.
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