Barclays Boosts Alibaba Group (BABA) Price Target to $225.00

Alibaba Group (NYSE:BABA) had its price target raised by Barclays from $220.00 to $225.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the specialty retailer’s stock.

Other research analysts have also recently issued reports about the stock. TH Capital increased their price target on shares of Alibaba Group from $180.00 to $220.00 in a report on Monday, May 13th. KeyCorp set a $200.00 price target on shares of Alibaba Group and gave the company a buy rating in a report on Wednesday, January 23rd. Morgan Stanley set a $196.00 price target on shares of Alibaba Group and gave the company a buy rating in a report on Tuesday, March 26th. ValuEngine raised shares of Alibaba Group from a hold rating to a buy rating in a report on Tuesday, March 5th. Finally, Argus reissued a buy rating on shares of Alibaba Group in a report on Friday, February 1st. One equities research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Alibaba Group has a consensus rating of Buy and an average price target of $216.85.

Shares of BABA stock opened at $156.00 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $418.57 billion, a PE ratio of 43.45, a PEG ratio of 1.19 and a beta of 2.27. Alibaba Group has a 52-week low of $129.77 and a 52-week high of $211.70.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. The firm had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The business’s revenue was up 51.0% on a year-over-year basis. During the same period in the prior year, the firm earned $5.73 EPS. As a group, equities analysts forecast that Alibaba Group will post 5.1 earnings per share for the current year.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Alibaba Group by 5.9% during the 1st quarter. BlackRock Inc. now owns 71,703,442 shares of the specialty retailer’s stock worth $13,082,292,000 after acquiring an additional 3,969,960 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Alibaba Group by 3.6% during the 1st quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock worth $8,945,169,000 after acquiring an additional 1,716,763 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Alibaba Group by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after acquiring an additional 849,659 shares in the last quarter. FMR LLC boosted its position in shares of Alibaba Group by 11.0% during the 1st quarter. FMR LLC now owns 20,955,847 shares of the specialty retailer’s stock worth $3,823,395,000 after acquiring an additional 2,070,115 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Alibaba Group by 15.5% during the 1st quarter. Wellington Management Group LLP now owns 17,150,380 shares of the specialty retailer’s stock worth $3,129,088,000 after acquiring an additional 2,301,412 shares in the last quarter. Hedge funds and other institutional investors own 40.58% of the company’s stock.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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