Alibaba Group (NYSE:BABA) PT Lowered to $135.00 at UBS Group

Alibaba Group (NYSE:BABAGet Rating) had its target price lowered by UBS Group from $140.00 to $135.00 in a research report sent to investors on Friday morning, The Fly reports. The firm currently has a buy rating on the specialty retailer’s stock.

Other analysts also recently issued reports about the company. Barclays lowered their price target on Alibaba Group from $135.00 to $114.00 and set an overweight rating for the company in a research report on Friday, October 28th. StockNews.com began coverage on Alibaba Group in a research report on Wednesday, October 12th. They issued a hold rating for the company. Mizuho lowered their price target on Alibaba Group from $160.00 to $155.00 and set a buy rating for the company in a research report on Friday. Truist Financial lowered their price target on Alibaba Group from $125.00 to $120.00 and set a buy rating for the company in a research report on Friday. Finally, Bank of America lowered their price target on Alibaba Group from $162.00 to $155.00 and set a buy rating for the company in a research report on Monday, August 1st. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group has an average rating of Moderate Buy and an average target price of $153.20.

Alibaba Group Stock Down 4.5 %

NYSE BABA opened at $80.48 on Friday. The company has a market capitalization of $213.12 billion, a P/E ratio of 201.21, a P/E/G ratio of 0.83 and a beta of 0.50. The stock has a 50 day moving average price of $76.23 and a 200-day moving average price of $90.72. Alibaba Group has a one year low of $58.01 and a one year high of $145.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.72 and a current ratio of 1.72.

Hedge Funds Weigh In On Alibaba Group

Institutional investors have recently made changes to their positions in the company. New Millennium Group LLC purchased a new position in shares of Alibaba Group during the second quarter valued at $25,000. SouthState Corp increased its stake in shares of Alibaba Group by 116.8% during the first quarter. SouthState Corp now owns 232 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 125 shares during the period. Field & Main Bank purchased a new position in shares of Alibaba Group during the second quarter valued at $34,000. Desjardins Global Asset Management Inc. purchased a new position in shares of Alibaba Group during the second quarter valued at $38,000. Finally, Charter Oak Capital Management LLC purchased a new position in shares of Alibaba Group during the second quarter valued at $42,000. Hedge funds and other institutional investors own 14.81% of the company’s stock.

About Alibaba Group

(Get Rating)

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.

See Also

The Fly logo

Analyst Recommendations for Alibaba Group (NYSE:BABA)

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.