Robert W. Baird Has Lowered Expectations for Alibaba Group (NYSE:BABA) Stock Price

Alibaba Group (NYSE:BABA) had its price objective lowered by equities research analysts at Robert W. Baird from $147.00 to $142.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s price objective indicates a potential upside of 15.10% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Benchmark increased their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Arete Research raised Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Mizuho raised Alibaba Group to a “strong-buy” rating in a research note on Friday, April 18th. Finally, Bank of America boosted their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $154.21.

Alibaba Group Stock Down 0.4%

BABA opened at $123.37 on Friday. The firm has a market cap of $294.59 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm’s 50-day simple moving average is $123.38 and its 200-day simple moving average is $107.27. Alibaba Group has a twelve month low of $71.80 and a twelve month high of $148.43.

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

Institutional Trading of Alibaba Group

Large investors have recently modified their holdings of the stock. Foundations Investment Advisors LLC grew its position in Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock valued at $13,180,000 after acquiring an additional 27,088 shares during the last quarter. Berkshire Asset Management LLC PA bought a new stake in shares of Alibaba Group during the fourth quarter worth $911,000. Exchange Traded Concepts LLC increased its holdings in shares of Alibaba Group by 131.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after buying an additional 42,446 shares in the last quarter. Bailard Inc. grew its holdings in shares of Alibaba Group by 46.3% during the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock worth $869,000 after purchasing an additional 3,242 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Alibaba Group by 31.3% in the fourth quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer’s stock valued at $1,566,000 after buying an additional 4,397 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

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.