Alibaba Group (NYSE:BABA) Price Target Lowered to $135.00 at Susquehanna

Alibaba Group (NYSE:BABAGet Free Report) had its price target cut by Susquehanna from $150.00 to $135.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “positive” rating on the specialty retailer’s stock. Susquehanna’s target price indicates a potential upside of 87.45% from the company’s previous close.

Other analysts have also issued reports about the stock. Mizuho cut their target price on shares of Alibaba Group from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. Truist Financial lowered their price target on Alibaba Group from $126.00 to $120.00 and set a “buy” rating for the company in a report on Friday, November 17th. JPMorgan Chase & Co. lowered their price target on Alibaba Group from $125.00 to $110.00 and set an “overweight” rating for the company in a report on Tuesday, January 9th. Macquarie downgraded Alibaba Group from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $88.50 to $85.40 in a report on Thursday. Finally, Robert W. Baird lowered their price target on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.44.

View Our Latest Analysis on BABA

Alibaba Group Stock Up 1.8 %

Shares of NYSE:BABA opened at $72.02 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market capitalization of $182.75 billion, a PE ratio of 13.29 and a beta of 0.47. The firm’s 50-day moving average is $73.22 and its two-hundred day moving average is $82.30. Alibaba Group has a 1 year low of $66.63 and a 1 year high of $106.64.

Alibaba Group (NYSE:BABAGet Free Report) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $260.26 billion. During the same quarter in the previous year, the company posted $2.44 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts predict that Alibaba Group will post 7.94 EPS for the current year.

Institutional Investors Weigh In On Alibaba Group

Several large investors have recently modified their holdings of the company. Princeton Global Asset Management LLC acquired a new stake in shares of Alibaba Group during the third quarter worth $26,000. Baystate Wealth Management LLC lifted its holdings in shares of Alibaba Group by 184.6% during the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the period. EdgeRock Capital LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth $26,000. Brown Shipley& Co Ltd lifted its holdings 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 worth $27,000 after purchasing an additional 202 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Alibaba Group during the third quarter worth $27,000. 14.22% of the stock is owned by institutional investors and hedge funds.

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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