Alibaba Group (NYSE:BABA)‘s stock had its “mkt perform” rating restated by analysts at Sanford C. Bernstein in a research note issued to investors on Monday.

A number of other research firms have also recently issued reports on BABA. Zacks Investment Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Monday, September 24th. CLSA set a $240.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Monday, September 24th. Goldman Sachs Group increased their target price on Alibaba Group from $241.00 to $247.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. ValuEngine cut Alibaba Group from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, Jefferies Financial Group set a $195.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $213.35.

Alibaba Group stock traded down $2.57 during mid-day trading on Monday, hitting $148.75. 5,281,656 shares of the company’s stock were exchanged, compared to its average volume of 17,100,059. The company has a market capitalization of $389.09 billion, a PE ratio of 36.91, a PEG ratio of 1.40 and a beta of 2.24. Alibaba Group has a fifty-two week low of $129.77 and a fifty-two week high of $211.70. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.19. The business had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $12.51 billion. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The firm’s revenue was up 49.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. Analysts predict that Alibaba Group will post 3.48 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of BABA. Federated Investors Inc. PA lifted its position in Alibaba Group by 449.8% during the third quarter. Federated Investors Inc. PA now owns 3,691,425 shares of the specialty retailer’s stock worth $608,200,000 after acquiring an additional 3,020,054 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Alibaba Group during the third quarter worth approximately $490,205,000. Canada Pension Plan Investment Board lifted its position in Alibaba Group by 60.6% during the third quarter. Canada Pension Plan Investment Board now owns 6,051,568 shares of the specialty retailer’s stock worth $997,056,000 after acquiring an additional 2,282,727 shares during the last quarter. Capital World Investors lifted its position in Alibaba Group by 13.3% during the third quarter. Capital World Investors now owns 16,653,109 shares of the specialty retailer’s stock worth $2,743,766,000 after acquiring an additional 1,958,712 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in Alibaba Group by 1,017.1% during the third quarter. Clearbridge Investments LLC now owns 1,863,228 shares of the specialty retailer’s stock worth $306,985,000 after acquiring an additional 1,696,430 shares during the last quarter. Institutional investors and hedge funds own 38.62% 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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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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