Jefferies Financial Group Increases Alibaba Group (NYSE:BABA) Price Target to $230.00

Alibaba Group (NYSE:BABA) had its price objective upped by stock analysts at Jefferies Financial Group from $178.00 to $230.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 33.82% from the stock’s current price.

Several other analysts also recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $160.00 price target on shares of Alibaba Group in a research note on Saturday, August 30th. Arete upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Wednesday, September 3rd. Susquehanna raised their price target on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, September 18th. Wall Street Zen lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Finally, Arete Research upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Alibaba Group presently has an average rating of “Buy” and a consensus price target of $176.06.

Alibaba Group Stock Performance

Shares of BABA stock opened at $171.88 on Monday. The company’s fifty day moving average price is $134.37 and its 200-day moving average price is $124.52. The stock has a market cap of $409.77 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.98 and a beta of 0.11. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group has a 12 month low of $80.06 and a 12 month high of $180.16.

Hedge Funds Weigh In On Alibaba Group

Several institutional investors have recently made changes to their positions in the business. 1248 Management LLC purchased a new stake in Alibaba Group during the first quarter valued at approximately $26,000. North Ridge Wealth Advisors Inc. purchased a new stake in Alibaba Group in the 1st quarter worth approximately $26,000. Summit Securities Group LLC raised its stake in Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 59,000 shares during the period. Ransom Advisory Ltd purchased a new position in Alibaba Group during the first quarter valued at approximately $26,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Alibaba Group by 1,960.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 196 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.