Benchmark Cuts Alibaba Group (NYSE:BABA) Price Target to $200.00

Alibaba Group (NYSE:BABAGet Rating) had its price objective decreased by analysts at Benchmark from $220.00 to $200.00 in a research report issued to clients and investors on Friday, The Fly reports. Benchmark’s price objective indicates a potential upside of 111.69% from the stock’s previous close.

Several other equities analysts also recently commented on BABA. JPMorgan Chase & Co. upgraded shares of Alibaba Group from an “underweight” rating to an “overweight” rating and upped their price target for the company from $75.00 to $130.00 in a research note on Monday, May 16th. Mizuho dropped their price target on shares of Alibaba Group from $180.00 to $160.00 in a research report on Monday, May 2nd. Barclays cut their price target on Alibaba Group from $170.00 to $161.00 in a research note on Friday. Robert W. Baird dropped their price objective on Alibaba Group from $160.00 to $144.00 and set an “outperform” rating for the company in a report on Monday. Finally, Zacks Investment Research raised Alibaba Group from a “sell” rating to a “hold” rating and set a $123.00 target price on the stock in a report on Wednesday, March 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Buy” and an average target price of $185.47.

NYSE:BABA opened at $94.48 on Friday. The company has a market cap of $256.13 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.43 and a beta of 0.91. The firm’s fifty day moving average price is $97.34 and its two-hundred day moving average price is $113.79. Alibaba Group has a one year low of $73.28 and a one year high of $230.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.64 and a quick ratio of 1.64.

Alibaba Group (NYSE:BABAGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $7.95 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $6.89. Alibaba Group had a net margin of 7.86% and a return on equity of 10.84%. The business had revenue of $204.05 billion for the quarter, compared to analyst estimates of $199.43 billion. During the same quarter in the prior year, the business earned $1.10 EPS. Alibaba Group’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts expect that Alibaba Group will post 6.47 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. SouthState Corp increased its stake in shares of Alibaba Group by 116.8% in the 1st quarter. SouthState Corp now owns 232 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 125 shares in the last quarter. Widmann Financial Services Inc. acquired a new stake in Alibaba Group in the fourth quarter worth $27,000. Chilton Capital Management LLC bought a new stake in Alibaba Group in the fourth quarter valued at $28,000. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Alibaba Group by 74.1% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 235 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Finally, Ulland Investment Advisors LLC bought a new position in shares of Alibaba Group during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 17.39% of the company’s stock.

Alibaba Group Company Profile (Get Rating)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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