Alibaba Group (NYSE:BABA) Given New $195.00 Price Target at Mizuho

Alibaba Group (NYSE:BABAGet Free Report) had its price target hoisted by research analysts at Mizuho from $190.00 to $195.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Mizuho’s price target points to a potential upside of 33.84% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Robert W. Baird cut their target price on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Barclays restated an “overweight” rating on shares of Alibaba Group in a research report on Thursday. Susquehanna cut their price target on Alibaba Group from $190.00 to $170.00 and set a “positive” rating on the stock in a report on Thursday, March 26th. Nomura increased their price target on Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Arete Research upgraded Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $189.00.

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Alibaba Group Stock Up 8.1%

Shares of Alibaba Group stock opened at $145.69 on Thursday. Alibaba Group has a one year low of $103.71 and a one year high of $192.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s 50-day moving average is $131.54 and its 200 day moving average is $149.73. The firm has a market cap of $349.53 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.33 and a beta of 0.50.

Alibaba Group (NYSE:BABAGet Free Report) last announced its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%.The company had revenue of $35.30 billion for the quarter. Equities research analysts anticipate that Alibaba Group will post 4.32 EPS for the current year.

Institutional Trading of Alibaba Group

Several institutional investors and hedge funds have recently modified their holdings of BABA. Northwestern Mutual Wealth Management Co. raised its stake in shares of Alibaba Group by 7,680.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock worth $881,554,000 after purchasing an additional 5,936,847 shares during the last quarter. Capital World Investors raised its stake in shares of Alibaba Group by 1,074.9% in the third quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock worth $1,079,229,000 after purchasing an additional 5,524,354 shares during the last quarter. Norges Bank purchased a new stake in shares of Alibaba Group in the fourth quarter worth approximately $594,477,000. Artisan Partners Limited Partnership purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $290,208,000. Finally, Trivest Advisors Ltd purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $202,126,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

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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.

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