Barclays Reiterates “$220.00” Price Target for Alibaba Group (BABA)

Alibaba Group (NYSE:BABA) received a $220.00 price target from analysts at Barclays in a report released on Thursday. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Barclays’ price objective points to a potential upside of 27.48% from the company’s current price.

Other research analysts also recently issued research reports about the stock. MKM Partners reaffirmed a “buy” rating on shares of Alibaba Group in a research note on Friday, December 15th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Alibaba Group in a research note on Wednesday, December 13th. Deutsche Bank boosted their target price on Alibaba Group to $218.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Morgan Stanley set a $250.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, SunTrust Banks boosted their target price on Alibaba Group from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $213.61.

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NYSE BABA opened at $172.57 on Thursday. Alibaba Group has a 12 month low of $106.76 and a 12 month 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. The stock has a market cap of $440,697.78, a PE ratio of 68.75, a P/E/G ratio of 1.00 and a beta of 2.52.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the company earned $1.30 EPS. analysts expect that Alibaba Group will post 4.08 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in BABA. MUFG Americas Holdings Corp acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $101,000. Avestar Capital LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $102,000. Lenox Wealth Advisors Inc. raised its position in shares of Alibaba Group by 2,636.4% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after purchasing an additional 580 shares in the last quarter. Trustcore Financial Services LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $107,000. Finally, Lorber David A acquired a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $109,000. 37.73% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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