Alibaba Group (NYSE:BABA) Price Target Raised to $190.00 at Susquehanna

Alibaba Group (NYSE:BABA) had its price objective boosted by Susquehanna from $175.00 to $190.00 in a research note published on Thursday morning, MarketBeat.com reports. They currently have a positive rating on the specialty retailer’s stock.

A number of other analysts also recently issued reports on the stock. Bank of America raised their price objective on shares of Alibaba Group from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Mizuho increased their target price on shares of Alibaba Group from $149.00 to $159.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Wall Street Zen cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Arete upgraded Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Wednesday, September 3rd. Finally, UBS Group reissued a “buy” rating and issued a $162.00 target price on shares of Alibaba Group in a research report on Sunday, August 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $168.81.

Alibaba Group Stock Down 2.3%

Shares of NYSE:BABA opened at $162.37 on Thursday. Alibaba Group has a 1 year low of $80.06 and a 1 year high of $167.32. The company has a market capitalization of $387.10 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 2.04 and a beta of 0.11. The business has a fifty day moving average price of $127.80 and a two-hundred day moving average price of $123.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45.

Institutional Trading of Alibaba Group

Institutional investors have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC boosted its position in shares of Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock valued at $5,558,646,000 after acquiring an additional 49,010,087 shares during the last quarter. Norges Bank purchased a new position in Alibaba Group in the second quarter worth $527,243,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Alibaba Group by 3,214.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer’s stock valued at $578,992,000 after acquiring an additional 4,246,564 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Alibaba Group by 85.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock valued at $1,131,558,000 after purchasing an additional 3,947,460 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Alibaba Group by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after purchasing an additional 2,885,154 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

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.