Alibaba Group (NYSE:BABA) Earns Buy (B-) Rating from Weiss Ratings

Key Points

• Alibaba Group's stock received a "buy (B-)" rating from Weiss Ratings, indicating a positive outlook from analysts.
• Multiple analysts, including CLSA and Barclays, have recently increased their price targets for Alibaba, with targets now ranging from $190.00 to $200.00.
• The stock has been trading around $174.37 with a market capitalization of approximately $415.70 billion and a consensus target price of $190.18.

Alibaba Group (NYSE:BABA - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other equities analysts have also commented on BABA. CLSA lifted their price target on shares of Alibaba Group from $155.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. Barclays lifted their price target on shares of Alibaba Group from $145.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Sanford C. Bernstein lifted their price target on shares of Alibaba Group from $167.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, October 10th. Benchmark lifted their price target on shares of Alibaba Group from $176.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Finally, Susquehanna lifted their price target on shares of Alibaba Group from $175.00 to $190.00 and gave the company a "positive" rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of "Moderate Buy" and a consensus target price of $190.18.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded up $2.47 during trading on Friday, reaching $174.37. The stock had a trading volume of 9,958,289 shares, compared to its average volume of 21,335,920. Alibaba Group has a 52 week low of $80.06 and a 52 week high of $192.67. The firm has a market capitalization of $415.70 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 2.22 and a beta of 0.18. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $154.74 and a two-hundred day simple moving average of $130.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Temasek Holdings Private Ltd lifted its position in Alibaba Group by 23.4% in the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer's stock worth $728,633,000 after purchasing an additional 1,045,789 shares during the period. American Century Companies Inc. lifted its position in Alibaba Group by 52.1% in the first quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer's stock worth $303,215,000 after purchasing an additional 785,494 shares during the period. Verde Servicos Internacionais S.A. lifted its position in Alibaba Group by 6.9% in the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer's stock worth $7,686,000 after purchasing an additional 4,373 shares during the period. Causeway Capital Management LLC lifted its position in Alibaba Group by 42.6% in the first quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer's stock worth $179,305,000 after purchasing an additional 404,842 shares during the period. Finally, WCM Investment Management LLC bought a new position in Alibaba Group in the first quarter worth $4,074,000. 13.47% of the stock is owned by institutional investors.

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.

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