Vetr Lowers Alibaba Group (BABA) to Buy

Vetr lowered shares of Alibaba Group (NYSE:BABA) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning. Vetr currently has $208.26 price target on the specialty retailer’s stock.

BABA has been the subject of several other reports. Barclays lifted their target price on Alibaba Group from $200.00 to $220.00 and gave the company an overweight rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Alibaba Group from a hold rating to a buy rating and set a $198.00 target price for the company in a research note on Monday, December 4th. Robert W. Baird lifted their target price on Alibaba Group from $190.00 to $210.00 and gave the company an outperform rating in a research note on Friday, November 3rd. BidaskClub cut Alibaba Group from a strong-buy rating to a buy rating in a research note on Monday, October 23rd. Finally, Morgan Stanley set a $250.00 target price on Alibaba Group and gave the company a buy rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $211.13.

Shares of Alibaba Group (NYSE:BABA) opened at $187.19 on Tuesday. The company has a market capitalization of $479,420.00, a price-to-earnings ratio of 46.11, a PEG ratio of 1.49 and a beta of 2.58. Alibaba Group has a 52 week low of $100.91 and a 52 week high of $206.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.08). The firm had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same period last year, the business posted $1.30 earnings per share. sell-side analysts predict that Alibaba Group will post 4.05 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of BABA. MUFG Americas Holdings Corp bought a new stake in shares of Alibaba Group in the fourth quarter valued at about $101,000. First Eagle Investment Management LLC bought a new stake in shares of Alibaba Group in the third quarter valued at about $104,000. Avestar Capital LLC bought a new stake in shares of Alibaba Group in the fourth quarter valued at about $102,000. Lenox Wealth Advisors Inc. lifted its holdings in shares of Alibaba Group by 2,636.4% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after purchasing an additional 580 shares in the last quarter. Finally, Trustcore Financial Services LLC bought a new stake in shares of Alibaba Group in the fourth quarter valued at about $107,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

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About Alibaba Group

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

To view Vetr’s full report, visit Vetr’s official website.

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