Alibaba Group (NYSE:BABA) PT Lowered to $110.00 at Morgan Stanley

Alibaba Group (NYSE:BABA) had its price objective reduced by equities researchers at Morgan Stanley from $150.00 to $110.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. Morgan Stanley’s price objective points to a potential upside of 39.05% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Bank of America cut their target price on shares of Alibaba Group from $142.00 to $136.00 in a research report on Tuesday, October 10th. Barclays decreased their target price on Alibaba Group from $144.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Robert W. Baird boosted their price target on Alibaba Group from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 11th. HSBC decreased their price objective on Alibaba Group from $142.00 to $135.00 in a research note on Monday, October 9th. Finally, StockNews.com began coverage on Alibaba Group in a research note on Thursday, October 5th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $134.21.

Alibaba Group Stock Performance

Shares of BABA stock opened at $79.11 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $84.79 and a 200-day moving average price of $87.63. Alibaba Group has a 52 week low of $74.58 and a 52 week high of $121.30. The firm has a market capitalization of $202.98 billion, a PE ratio of 17.01 and a beta of 0.67.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $15.63 EPS for the quarter, beating analysts’ consensus estimates of $15.28 by $0.35. The company had revenue of $224.79 billion during the quarter, compared to analysts’ expectations of $224.48 billion. Alibaba Group had a return on equity of 12.55% and a net margin of 9.45%. Alibaba Group’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 earnings per share. As a group, equities research analysts expect that Alibaba Group will post 7.99 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BABA. Wolff Wiese Magana LLC grew its stake in shares of Alibaba Group by 21.2% in the 2nd quarter. Wolff Wiese Magana LLC now owns 630 shares of the specialty retailer’s stock worth $53,000 after buying an additional 110 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in Alibaba Group by 1.9% during the second quarter. Capital Investment Advisory Services LLC now owns 6,166 shares of the specialty retailer’s stock valued at $514,000 after purchasing an additional 112 shares during the period. Alta Capital Management LLC lifted its stake in shares of Alibaba Group by 3.9% in the 2nd quarter. Alta Capital Management LLC now owns 3,114 shares of the specialty retailer’s stock valued at $260,000 after purchasing an additional 117 shares during the last quarter. RDA Financial Network boosted its holdings in shares of Alibaba Group by 0.6% in the 2nd quarter. RDA Financial Network now owns 20,446 shares of the specialty retailer’s stock worth $1,704,000 after purchasing an additional 120 shares during the period. Finally, Liberty One Investment Management LLC raised its holdings in Alibaba Group by 1.8% during the 1st quarter. Liberty One Investment Management LLC now owns 6,887 shares of the specialty retailer’s stock valued at $704,000 after buying an additional 121 shares during the period. 14.22% of the stock is currently owned by institutional investors.

Alibaba Group Company Profile

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.