Mizuho Has Lowered Expectations for Alibaba Group (NYSE:BABA) Stock Price

Alibaba Group (NYSE:BABA) had its price objective dropped by equities research analysts at Mizuho from $170.00 to $160.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Mizuho’s price target indicates a potential upside of 29.69% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a research note on Wednesday. Benchmark cut their price target on shares of Alibaba Group from $190.00 to $176.00 and set a “buy” rating for the company in a research report on Friday. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Robert W. Baird dropped their target price on Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a report on Friday. One investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $154.21.

Alibaba Group Trading Down 0.4%

Shares of BABA stock opened at $123.37 on Friday. The business has a 50-day moving average price of $123.38 and a two-hundred day moving average price of $107.27. Alibaba Group has a 12-month low of $71.80 and a 12-month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a market cap of $294.59 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Equities analysts anticipate that Alibaba Group will post 7.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. North Ridge Wealth Advisors Inc. bought a new stake in Alibaba Group during the 1st quarter worth approximately $26,000. Summit Securities Group LLC lifted its position in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 59,000 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in 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 acquiring an additional 196 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the fourth quarter valued at approximately $31,000. Finally, Bruce G. Allen Investments LLC bought a new position in Alibaba Group in the 1st quarter valued at $31,000. Hedge funds and other 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.