Alibaba Group (NYSE:BABA) Price Target Lowered to $180.00 at Morgan Stanley

Alibaba Group (NYSE:BABAFree Report) had its price objective lowered by Morgan Stanley from $200.00 to $180.00 in a research report report published on Thursday morning, MarketBeat reports. Morgan Stanley currently has an overweight rating on the specialty retailer’s stock.

Other equities analysts also recently issued reports about the stock. Sanford C. Bernstein reduced their target price on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Robert W. Baird lifted their price objective on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Rosenblatt Securities set a $195.00 target price on shares of Alibaba Group in a research report on Wednesday, November 26th. Zacks Research downgraded shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Freedom Capital downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus price target of $191.84.

Check Out Our Latest Stock Analysis on BABA

Alibaba Group Trading Up 5.3%

BABA opened at $154.60 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. The firm has a market cap of $368.89 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.27 and a beta of 0.37. Alibaba Group has a 12 month low of $80.06 and a 12 month high of $192.67. The stock has a fifty day moving average price of $156.19 and a 200-day moving average price of $145.54.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Ransom Advisory Ltd purchased a new stake in Alibaba Group in the first quarter valued at approximately $26,000. 1248 Management LLC acquired a new stake in Alibaba Group during the 1st quarter valued at approximately $26,000. Rosenberg Matthew Hamilton purchased a new stake in shares of Alibaba Group in the 2nd quarter valued at $26,000. Ameriflex Group Inc. boosted its holdings in shares of Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 72 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Alibaba Group in the third quarter worth $30,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group News Roundup

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Company Profile

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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