Alibaba Group (NYSE:BABA) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Alibaba Group (NYSE:BABA – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the specialty retailer’s stock.

A number of other equities analysts have also recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Alibaba Group in a report on Tuesday, April 4th. Susquehanna lowered their target price on Alibaba Group from $185.00 to $175.00 and set a “positive” rating for the company in a report on Tuesday, February 28th. KGI Securities upgraded Alibaba Group from a “neutral” rating to an “outperform” rating in a report on Friday, February 24th. Truist Financial raised their target price on Alibaba Group from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 24th. Finally, Mizuho lowered their target price on Alibaba Group from $155.00 to $145.00 in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $147.56.

Alibaba Group Stock Performance

NYSE BABA opened at $90.68 on Thursday. The stock has a market cap of $240.13 billion, a PE ratio of 49.82, a P/E/G ratio of 1.01 and a beta of 0.65. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. Alibaba Group has a twelve month low of $58.01 and a twelve month high of $125.84. The stock has a fifty day simple moving average of $89.37 and a 200-day simple moving average of $91.89.

Alibaba Group (NYSE:BABA – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The specialty retailer reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.55. The business had revenue of $35.92 billion during the quarter, compared to analysts’ expectations of $35.36 billion. Alibaba Group had a return on equity of 11.11% and a net margin of 3.70%. Equities analysts anticipate that Alibaba Group will post 6.49 earnings per share for the current year.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently made changes to their positions in BABA. Aspex Management HK Ltd acquired a new stake in shares of Alibaba Group during the 3rd quarter worth about $442,656,000. Moneta Group Investment Advisors LLC grew its stake in Alibaba Group by 108,264.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,711,488 shares of the specialty retailer’s stock worth $326,945,000 after buying an additional 3,708,063 shares during the last quarter. Segantii Capital Management Ltd grew its stake in Alibaba Group by 261.3% during the 4th quarter. Segantii Capital Management Ltd now owns 4,467,873 shares of the specialty retailer’s stock worth $395,253,000 after buying an additional 3,231,343 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Alibaba Group by 39.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,034,187 shares of the specialty retailer’s stock worth $1,127,475,000 after buying an additional 3,124,057 shares during the last quarter. Finally, Carmignac Gestion grew its stake in Alibaba Group by 583.0% during the 4th quarter. Carmignac Gestion now owns 3,615,798 shares of the specialty retailer’s stock worth $318,539,000 after buying an additional 3,086,382 shares during the last quarter. Institutional investors and hedge funds own 13.86% of the company’s stock.

Alibaba Group Company Profile

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Alibaba Group Holding Ltd. engages in providing technology infrastructure and marketing reach. It operates through the following business segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.