Alibaba Group (NYSE:BABA) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. They presently have a $208.51 price objective on the specialty retailer’s stock. Vetr‘s target price points to a potential upside of 11.65% from the stock’s current price.

A number of other analysts also recently commented on BABA. Sanford C. Bernstein reiterated an “outperform” rating and issued a $230.00 price objective (up previously from $205.00) on shares of Alibaba Group in a report on Monday, February 5th. Raymond James Financial increased their price objective on shares of Alibaba Group to $240.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Deutsche Bank increased their price objective on shares of Alibaba Group to $218.00 and gave the company a “buy” rating in a report on Thursday, February 1st. MKM Partners increased their price objective on shares of Alibaba Group to $260.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Robert W. Baird increased their price objective on shares of Alibaba Group to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alibaba Group currently has an average rating of “Buy” and a consensus price target of $211.14.

Shares of Alibaba Group (BABA) traded up $7.51 during trading on Wednesday, reaching $186.76. 21,028,888 shares of the company were exchanged, compared to its average volume of 23,680,000. The stock has a market cap of $478,320.00, a price-to-earnings ratio of 46.00, a PEG ratio of 1.44 and a beta of 2.58. Alibaba Group has a 1 year low of $100.11 and a 1 year high of $206.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). The company had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same period in the prior year, the business posted $1.30 earnings per share. equities analysts anticipate that Alibaba Group will post 4.05 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of BABA. Schwab Charles Investment Management Inc. boosted its position in shares of Alibaba Group by 23.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,011 shares of the specialty retailer’s stock worth $3,102,000 after purchasing an additional 4,113 shares during the period. Ark Investment Management LLC boosted its position in shares of Alibaba Group by 18.6% during the 2nd quarter. Ark Investment Management LLC now owns 55,464 shares of the specialty retailer’s stock worth $7,815,000 after purchasing an additional 8,696 shares during the period. Gofen & Glossberg LLC IL purchased a new position in shares of Alibaba Group during the 2nd quarter worth approximately $236,000. WFG Advisors LP boosted its position in shares of Alibaba Group by 74.2% during the 2nd quarter. WFG Advisors LP now owns 2,056 shares of the specialty retailer’s stock worth $290,000 after purchasing an additional 876 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Alibaba Group during the 2nd quarter worth approximately $23,878,000. 37.88% of the stock is owned by hedge funds and other institutional investors.

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About Alibaba Group

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

To view Vetr’s full report, visit Vetr’s official website.

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