Alibaba Group (NYSE:BABA) PT Lowered to $113.00

Alibaba Group (NYSE:BABA) had its price target lowered by investment analysts at Truist Financial from $114.00 to $113.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s target price would indicate a potential upside of 44.00% from the company’s current price.

A number of other research firms also recently weighed in on BABA. Citigroup decreased their target price on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Wednesday, April 10th. Macquarie downgraded Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $88.50 to $85.40 in a research report on Thursday, February 8th. Mizuho reissued a “buy” rating and set a $95.00 target price on shares of Alibaba Group in a research report on Wednesday, March 27th. Finally, Susquehanna decreased their target price on Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $112.49.

Alibaba Group Trading Down 1.1 %

Shares of NYSE:BABA opened at $78.47 on Tuesday. The company has a market cap of $199.12 billion, a P/E ratio of 14.48 and a beta of 0.44. The stock’s 50-day moving average is $73.60 and its 200-day moving average is $75.11. Alibaba Group has a 52-week low of $66.63 and a 52-week high of $102.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. During the same period in the prior year, the business posted $2.44 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts predict that Alibaba Group will post 7.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Savant Capital LLC raised its stake in shares of Alibaba Group by 2.7% in the third quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer’s stock valued at $413,000 after acquiring an additional 127 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of Alibaba Group by 2.1% in the third quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer’s stock valued at $584,000 after acquiring an additional 136 shares during the last quarter. Clearstead Advisors LLC raised its stake in shares of Alibaba Group by 32.9% in the third quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 142 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of Alibaba Group by 16.7% in the first quarter. Bogart Wealth LLC now owns 990 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 142 shares during the last quarter. Finally, Legacy Advisors LLC raised its stake in shares of Alibaba Group by 1.4% in the fourth quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock valued at $826,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

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.