Alibaba Group (BABA) Price Target Increased to $195.00 by Analysts at Oppenheimer

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Alibaba Group (NYSE:BABA) had its target price raised by Oppenheimer from $185.00 to $195.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Oppenheimer’s price target indicates a potential upside of 15.73% from the company’s current price.

Other analysts have also recently issued reports about the company. SunTrust Banks upped their price target on Alibaba Group from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America reaffirmed a “buy” rating and issued a $215.00 price target (down from $221.00) on shares of Alibaba Group in a research note on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $180.00 price target (up from $175.00) on shares of Alibaba Group in a research note on Thursday. Citigroup reaffirmed a “buy” rating and issued a $211.00 price target (up from $208.00) on shares of Alibaba Group in a research note on Thursday. Finally, Nomura reaffirmed a “buy” rating and issued a $205.00 price target (up from $200.00) on shares of Alibaba Group in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $211.74.

Shares of BABA stock traded up $1.67 on Thursday, reaching $168.49. The company had a trading volume of 21,196,137 shares, compared to its average volume of 17,209,902. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $401.79 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 1.54 and a beta of 2.24. Alibaba Group has a 12 month low of $129.77 and a 12 month high of $211.70.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $10.83. The company had revenue of $117.28 billion during the quarter, compared to analysts’ expectations of $118.52 billion. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. Alibaba Group’s revenue was up 41.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS. As a group, research analysts anticipate that Alibaba Group will post 3.47 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. grew its stake in shares of Alibaba Group by 1.4% during the 3rd quarter. Baillie Gifford & Co. now owns 45,321,627 shares of the specialty retailer’s stock worth $7,467,191,000 after acquiring an additional 619,951 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Alibaba Group by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after acquiring an additional 849,659 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Alibaba Group by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after acquiring an additional 849,659 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Alibaba Group by 8.5% during the 3rd quarter. Capital Research Global Investors now owns 21,413,445 shares of the specialty retailer’s stock worth $3,528,079,000 after acquiring an additional 1,670,726 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its stake in shares of Alibaba Group by 8.5% during the 3rd quarter. OppenheimerFunds Inc. now owns 17,124,364 shares of the specialty retailer’s stock worth $2,821,410,000 after acquiring an additional 1,345,385 shares in the last quarter. 38.63% of the stock is owned by institutional investors and hedge funds.

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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