Alibaba Group (NYSE:BABA) Price Target Cut to $95.00

Alibaba Group (NYSE:BABAGet Free Report) had its price objective dropped by Mizuho from $100.00 to $95.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Mizuho’s target price suggests a potential upside of 31.91% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Macquarie cut Alibaba Group from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $88.50 to $85.40 in a research note on Thursday. Truist Financial reduced their target price on Alibaba Group from $126.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. Morgan Stanley restated an “equal weight” rating and set a $90.00 price target (down from $110.00) on shares of Alibaba Group in a research report on Friday, December 1st. Susquehanna cut their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on shares of Alibaba Group from $125.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.44.

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Alibaba Group Price Performance

Alibaba Group stock opened at $72.02 on Thursday. Alibaba Group has a 52 week low of $66.63 and a 52 week high of $106.64. The company’s 50 day moving average price is $73.22 and its two-hundred day moving average price is $82.30. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.14. The stock has a market cap of $182.75 billion, a P/E ratio of 13.29 and a beta of 0.47.

Alibaba Group (NYSE:BABAGet Free Report) last posted its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. During the same period in the prior year, the business earned $2.44 EPS. Alibaba Group’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Alibaba Group will post 7.94 earnings per share for the current year.

Institutional Trading of Alibaba Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Princeton Global Asset Management LLC purchased a new stake in Alibaba Group in the third quarter worth about $26,000. Baystate Wealth Management LLC lifted its holdings in Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after buying an additional 216 shares during the period. EdgeRock Capital LLC purchased a new stake in Alibaba Group in the fourth quarter worth about $26,000. Brown Shipley& Co Ltd increased its stake in shares of Alibaba Group by 3.2% during the second quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 202 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Alibaba Group during the third quarter valued at approximately $27,000. 14.22% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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