Robert W. Baird Trims Alibaba Group (NYSE:BABA) Target Price to $120.00

Alibaba Group (NYSE:BABAGet Rating) had its price target trimmed by Robert W. Baird from $140.00 to $120.00 in a research note issued to investors on Friday, The Fly reports.

A number of other equities analysts also recently weighed in on BABA. Morgan Stanley dropped their target price on Alibaba Group from $110.00 to $90.00 in a report on Monday, October 31st. 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 note on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Alibaba Group from $155.00 to $160.00 in a research note on Monday, August 8th. 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 note on Monday, August 1st. Finally, Truist Financial lowered their price target on Alibaba Group from $135.00 to $125.00 and set a buy rating for the company in a research note on Tuesday, November 1st. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group has an average rating of Moderate Buy and an average price target of $153.20.

Alibaba Group Price Performance

Shares of BABA opened at $80.48 on Friday. The company has a market capitalization of $213.12 billion, a price-to-earnings ratio of 201.21, a P/E/G ratio of 0.83 and a beta of 0.50. Alibaba Group has a fifty-two week low of $58.01 and a fifty-two week high of $145.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 1.72. The business’s 50-day moving average is $76.23 and its 200-day moving average is $90.72.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds have recently modified their holdings of the business. SouthState Corp raised its stake in shares of Alibaba Group by 116.8% in the first quarter. SouthState Corp now owns 232 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 125 shares in the last quarter. New Millennium Group LLC acquired a new position in shares of Alibaba Group in the second quarter valued at $25,000. Field & Main Bank acquired a new position in shares of Alibaba Group in the second quarter valued at $34,000. Desjardins Global Asset Management Inc. acquired a new position in shares of Alibaba Group in the second quarter valued at $38,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Alibaba Group in the first quarter valued at $40,000. 14.81% of the stock is owned by institutional investors.

Alibaba Group Company Profile

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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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