Mizuho Cuts Alibaba Group (NYSE:BABA) Price Target to $155.00

Alibaba Group (NYSE:BABAGet Rating) had its price target decreased by Mizuho from $160.00 to $155.00 in a research report released on Friday, The Fly reports. Mizuho currently has a buy rating on the specialty retailer’s stock.

A number of other analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Alibaba Group from $155.00 to $160.00 in a report on Monday, August 8th. Barclays cut their target price on shares of Alibaba Group from $135.00 to $114.00 and set an overweight rating on the stock in a report on Friday, October 28th. StockNews.com started coverage on shares of Alibaba Group in a report on Wednesday, October 12th. They issued a hold rating on the stock. Citigroup cut their target price on shares of Alibaba Group from $146.00 to $144.00 and set a buy rating on the stock in a report on Friday. Finally, Truist Financial cut their target price on shares of Alibaba Group from $135.00 to $125.00 and set a buy rating on the stock in a report on Tuesday, November 1st. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of Moderate Buy and an average target price of $153.20.

Alibaba Group Stock Down 4.5 %

BABA stock opened at $80.48 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.13. Alibaba Group has a twelve month low of $58.01 and a twelve month high of $145.06. The company’s 50 day moving average is $76.23 and its two-hundred day moving average is $90.72. The stock has a market cap of $213.12 billion, a P/E ratio of 201.21, a PEG ratio of 0.83 and a beta of 0.50.

Institutional Trading of Alibaba Group

A number of institutional investors have recently added to or reduced their stakes in BABA. Park Avenue Securities LLC grew its holdings in shares of Alibaba Group by 51.2% in the 1st quarter. Park Avenue Securities LLC now owns 4,677 shares of the specialty retailer’s stock worth $509,000 after acquiring an additional 1,584 shares during the period. Integrated Advisors Network LLC increased its position in shares of Alibaba Group by 8.3% in the first quarter. Integrated Advisors Network LLC now owns 6,064 shares of the specialty retailer’s stock valued at $660,000 after buying an additional 466 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Alibaba Group by 20.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 18,248 shares of the specialty retailer’s stock worth $1,985,000 after buying an additional 3,102 shares during the last quarter. National Asset Management Inc. boosted its position in shares of Alibaba Group by 0.8% in the 1st quarter. National Asset Management Inc. now owns 27,349 shares of the specialty retailer’s stock worth $2,977,000 after buying an additional 216 shares in the last quarter. Finally, Calamos Advisors LLC grew its stake in Alibaba Group by 90.0% in the 1st quarter. Calamos Advisors LLC now owns 65,386 shares of the specialty retailer’s stock valued at $7,114,000 after acquiring an additional 30,964 shares during the last quarter. Hedge funds and other institutional investors own 14.81% of the company’s stock.

About Alibaba Group

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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.

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