Alibaba Group (NYSE:BABA) Rating Increased to Hold at Zacks Research

Alibaba Group (NYSE:BABAGet Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

BABA has been the subject of several other reports. Jefferies Financial Group reduced their price objective on Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday, May 27th. Erste Group Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Mizuho raised their price target on Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Finally, Freedom Capital raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $188.76.

Get Our Latest Stock Analysis on BABA

Alibaba Group Stock Down 2.5%

Shares of Alibaba Group stock opened at $127.49 on Tuesday. The stock has a 50-day moving average price of $131.01 and a 200 day moving average price of $145.72. The company has a market cap of $305.87 billion, a P/E ratio of 20.93, a P/E/G ratio of 2.24 and a beta of 0.47. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. Alibaba Group has a 1 year low of $103.71 and a 1 year high of $192.67.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $35.30 billion during the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. As a group, analysts expect that Alibaba Group will post 6.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Capital World Investors increased its holdings in shares of Alibaba Group by 7.7% during the 4th quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock valued at $953,527,000 after acquiring an additional 466,847 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Alibaba Group by 7,680.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after acquiring an additional 5,936,847 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Alibaba Group by 0.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,335,894 shares of the specialty retailer’s stock valued at $782,135,000 after acquiring an additional 42,297 shares during the last quarter. Norges Bank acquired a new position in shares of Alibaba Group during the 4th quarter valued at about $594,477,000. Finally, American Century Companies Inc. increased its holdings in shares of Alibaba Group by 17.7% during the 3rd quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock valued at $533,964,000 after acquiring an additional 448,484 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group News Roundup

Here are the key news stories impacting Alibaba Group this week:

About Alibaba Group

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

Further Reading

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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