Vetr upgraded shares of Alibaba Group (NYSE:BABA) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday, February 27th. The firm currently has $211.39 price target on the specialty retailer’s stock.
A number of other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Alibaba Group from a hold rating to a buy rating and set a $211.00 price target on the stock in a report on Wednesday, November 8th. Needham & Company LLC raised their price target on shares of Alibaba Group from $190.00 to $215.00 and gave the company a buy rating in a report on Friday, November 3rd. Oppenheimer restated a buy rating and set a $220.00 price target (up previously from $200.00) on shares of Alibaba Group in a report on Monday, November 6th. Stifel Nicolaus restated a buy rating and set a $230.00 price target (up previously from $210.00) on shares of Alibaba Group in a report on Sunday, January 28th. Finally, BidaskClub upgraded shares of Alibaba Group from a hold rating to a buy rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $211.22.
Alibaba Group (BABA) traded up $4.15 during mid-day trading on Tuesday, reaching $192.56. 20,021,444 shares of the company’s stock were exchanged, compared to its average volume of 21,330,000. Alibaba Group has a 12 month low of $102.60 and a 12 month high of $206.20. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.29. The stock has a market cap of $493,180.00, a P/E ratio of 47.20, a price-to-earnings-growth ratio of 1.56 and a beta of 2.57.
Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). The company had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same quarter in the previous year, the company earned $1.30 EPS. analysts expect that Alibaba Group will post 4.05 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Alibaba Group by 7.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 71,243 shares of the specialty retailer’s stock valued at $12,284,000 after purchasing an additional 4,923 shares during the last quarter. Certified Advisory Corp bought a new position in Alibaba Group during the 4th quarter valued at about $155,000. Fairfield Bush & CO. lifted its holdings in Alibaba Group by 118.0% during the 4th quarter. Fairfield Bush & CO. now owns 4,065 shares of the specialty retailer’s stock valued at $701,000 after purchasing an additional 2,200 shares during the last quarter. Wagner Wealth Management LLC bought a new position in Alibaba Group during the 4th quarter valued at about $123,000. Finally, D.B. Root & Company LLC bought a new position in Alibaba Group during the 4th quarter valued at about $862,000. 37.76% of the stock is owned by institutional investors.
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Alibaba Group Company Profile
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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