Alibaba Group (NYSE:BABA) Given “Buy” Rating at Mizuho

Mizuho restated their buy rating on shares of Alibaba Group (NYSE:BABA) in a research note published on Wednesday morning, Benzinga reports. They currently have a $95.00 target price on the specialty retailer’s stock.

BABA has been the subject of several other research reports. Morgan Stanley reaffirmed an equal weight rating and issued a $90.00 price objective (down previously from $110.00) on shares of Alibaba Group in a research note on Friday, December 1st. Robert W. Baird reduced their price objective on shares of Alibaba Group from $95.00 to $90.00 and set an outperform rating for the company in a research note on Friday, January 19th. Benchmark reduced their price objective on shares of Alibaba Group from $150.00 to $128.00 and set a buy rating for the company in a research note on Tuesday, January 9th. Susquehanna reduced their price objective on shares of Alibaba Group from $150.00 to $135.00 and set a positive rating for the company in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group reduced their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a buy rating for the company in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of Moderate Buy and an average target price of $115.44.

Alibaba Group Trading Up 0.2 %

NYSE BABA opened at $71.60 on Wednesday. Alibaba Group has a twelve month low of $66.63 and a twelve month high of $105.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $181.69 billion, a price-to-earnings ratio of 13.20 and a beta of 0.47. The firm’s 50 day moving average price is $73.39 and its two-hundred day moving average price is $77.64.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The company had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $2.44 EPS. Equities analysts anticipate that Alibaba Group will post 7.97 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BABA. Fairfield Bush & CO. bought a new position in shares of Alibaba Group during the 1st quarter worth about $53,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Alibaba Group in the first quarter valued at about $2,452,000. Dakota Wealth Management bought a new stake in Alibaba Group in the first quarter valued at about $390,000. Sequoia Financial Advisors LLC increased its stake in Alibaba Group by 11.3% in the first quarter. Sequoia Financial Advisors LLC now owns 7,342 shares of the specialty retailer’s stock valued at $799,000 after acquiring an additional 743 shares during the period. Finally, Zions Bancorporation N.A. increased its stake in Alibaba Group by 46.0% in the first quarter. Zions Bancorporation N.A. now owns 7,816 shares of the specialty retailer’s stock valued at $850,000 after acquiring an additional 2,464 shares during the period. Institutional investors 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.