Alibaba Group (BABA) Price Target Cut to $190.00

Alibaba Group (NYSE:BABA) had its price objective trimmed by JPMorgan Chase & Co. to $190.00 in a report published on Monday, The Fly reports. The brokerage currently has an overweight rating on the specialty retailer’s stock.

A number of other research firms have also commented on BABA. Zacks Investment Research lowered Alibaba Group from a hold rating to a sell rating in a research report on Tuesday, July 10th. Susquehanna Bancshares reaffirmed a positive rating and set a $305.00 price target on shares of Alibaba Group in a research report on Monday, July 9th. KeyCorp raised Alibaba Group to a buy rating and set a $235.00 price target for the company in a research report on Monday, July 9th. Wells Fargo & Co reaffirmed a buy rating on shares of Alibaba Group in a research report on Wednesday, July 11th. Finally, Barclays lowered their price target on Alibaba Group from $230.00 to $225.00 and set a buy rating for the company in a research report on Monday, August 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $216.02.

BABA opened at $148.99 on Monday. The company has a market cap of $377.62 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 1.15 and a beta of 2.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.42 and a quick ratio of 1.44. Alibaba Group has a one year low of $130.06 and a one year high of $211.70.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.19. The business had revenue of $12.40 billion during the quarter, compared to analyst estimates of $12.51 billion. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. Alibaba Group’s quarterly revenue was up 49.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 EPS. Equities research analysts forecast that Alibaba Group will post 3.48 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of BABA. Duncker Streett & Co. Inc. grew its stake in shares of Alibaba Group by 195.1% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock worth $112,000 after buying an additional 400 shares during the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of Alibaba Group in the 2nd quarter worth approximately $116,000. AlphaMark Advisors LLC grew its stake in shares of Alibaba Group by 468.8% in the 3rd quarter. AlphaMark Advisors LLC now owns 910 shares of the specialty retailer’s stock worth $150,000 after buying an additional 750 shares during the last quarter. Avestar Capital LLC grew its stake in shares of Alibaba Group by 55.2% in the 3rd quarter. Avestar Capital LLC now owns 1,082 shares of the specialty retailer’s stock worth $154,000 after buying an additional 385 shares during the last quarter. Finally, Columbia Asset Management purchased a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $160,000. Hedge funds and other institutional investors own 38.76% of the company’s stock.

About Alibaba Group

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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