Stifel Nicolaus Boosts Alibaba Group (NYSE:BABA) Price Target to $225.00

Alibaba Group (NYSE:BABA) had its price objective raised by Stifel Nicolaus from $220.00 to $225.00 in a research report released on Friday, The Fly reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

Other analysts also recently issued research reports about the company. SunTrust Banks restated a positive rating and set a $210.00 target price (up previously from $205.00) on shares of Alibaba Group in a research note on Thursday, August 15th. Jefferies Financial Group began coverage on Alibaba Group in a research note on Monday, August 5th. They set a buy rating and a $216.00 target price for the company. Morgan Stanley set a $207.00 target price on Alibaba Group and gave the company a buy rating in a research note on Friday, July 12th. Mizuho increased their target price on Alibaba Group from $215.00 to $225.00 and gave the company a buy rating in a research note on Thursday, May 16th. Finally, KeyCorp restated an overweight rating and set a $240.00 target price (up previously from $210.00) on shares of Alibaba Group in a research note on Tuesday, May 7th. One research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Alibaba Group currently has an average rating of Buy and an average target price of $218.96.

Shares of NYSE BABA opened at $178.28 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $424.84 billion, a price-to-earnings ratio of 49.66, a P/E/G ratio of 1.50 and a beta of 2.30. The business’s 50-day simple moving average is $169.83 and its 200-day simple moving average is $172.79. Alibaba Group has a 52 week low of $129.77 and a 52 week high of $195.72.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.32. The business had revenue of $114.92 billion for the quarter, compared to analyst estimates of $111.65 billion. Alibaba Group had a return on equity of 14.87% and a net margin of 24.40%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 EPS. As a group, equities research analysts forecast that Alibaba Group will post 5.04 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the business. Successful Portfolios LLC lifted its position in shares of Alibaba Group by 3.8% in the 1st quarter. Successful Portfolios LLC now owns 1,520 shares of the specialty retailer’s stock worth $277,000 after acquiring an additional 55 shares during the period. Cypress Wealth Services LLC lifted its position in shares of Alibaba Group by 3.8% during the 1st quarter. Cypress Wealth Services LLC now owns 1,515 shares of the specialty retailer’s stock worth $276,000 after buying an additional 56 shares during the period. Moneta Group Investment Advisors LLC lifted its position in shares of Alibaba Group by 2.7% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 2,302 shares of the specialty retailer’s stock worth $390,000 after buying an additional 60 shares during the period. Regentatlantic Capital LLC lifted its position in shares of Alibaba Group by 2.4% during the 1st quarter. Regentatlantic Capital LLC now owns 2,598 shares of the specialty retailer’s stock worth $474,000 after buying an additional 61 shares during the period. Finally, Joel Isaacson & Co. LLC lifted its position in shares of Alibaba Group by 1.4% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 4,691 shares of the specialty retailer’s stock worth $795,000 after buying an additional 63 shares during the period. Institutional investors own 42.12% 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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