Alibaba Group (NYSE:BABA) Price Target Raised to $237.00 at Nomura

Alibaba Group (NYSE:BABA) had its target price upped by Nomura from $193.00 to $237.00 in a research report released on Monday,MarketScreener reports. Nomura currently has a buy rating on the specialty retailer’s stock.

Several other research firms have also commented on BABA. Morgan Stanley decreased their price objective on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. CLSA upped their price target on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Freedom Capital lowered shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Loop Capital set a $140.00 price objective on Alibaba Group in a research report on Tuesday, January 6th. Finally, Sanford C. Bernstein reduced their target price on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.17.

Alibaba Group Stock Down 1.1%

BABA opened at $171.37 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $409.13 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 3.73 and a beta of 0.37. Alibaba Group has a one year low of $89.22 and a one year high of $192.67. The business’s fifty day moving average is $157.24 and its two-hundred day moving average is $150.80.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Primecap Management Co. CA increased its stake in Alibaba Group by 0.7% in the second quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock valued at $2,354,877,000 after purchasing an additional 140,579 shares during the last quarter. Capital World Investors increased its stake in shares of Alibaba Group by 1,074.9% during the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock valued at $1,079,229,000 after acquiring an additional 5,524,354 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Alibaba Group by 0.5% during the 3rd quarter. Fisher Asset Management LLC now owns 5,293,597 shares of the specialty retailer’s stock valued at $946,125,000 after acquiring an additional 26,156 shares during the last quarter. Norges Bank purchased a new position in shares of Alibaba Group during the 2nd quarter worth about $527,243,000. Finally, American Century Companies Inc. boosted its position in shares of Alibaba Group by 17.7% in the third quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock worth $533,964,000 after acquiring an additional 448,484 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 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.