Alibaba Group (NYSE:BABA) Price Target Raised to $180.00 at Barclays

Alibaba Group (NYSE:BABA) had its price target increased by research analysts at Barclays from $130.00 to $180.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s price objective would indicate a potential upside of 32.10% from the stock’s previous close.

Several other analysts have also issued reports on BABA. Robert W. Baird boosted their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho increased their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. Finally, Bank of America raised their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.36.

Alibaba Group Stock Up 8.3 %

Alibaba Group stock opened at $136.26 on Friday. Alibaba Group has a one year low of $68.36 and a one year high of $144.51. The stock has a fifty day moving average of $94.31 and a 200 day moving average of $92.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $323.74 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. As a group, sell-side analysts predict that Alibaba Group will post 7.86 EPS for the current year.

Institutional Investors Weigh In On Alibaba Group

Large investors have recently bought and sold shares of the business. Concord Wealth Partners grew its stake in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group in the 4th quarter valued at about $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group in the fourth quarter worth about $32,000. Highline Wealth Partners LLC bought a new stake in Alibaba Group during the third quarter worth approximately $36,000. Finally, Assetmark Inc. raised its position in Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 275 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.