Alibaba Group (NYSE:BABA) Price Target Raised to $159.00 at Mizuho

Key Points

• Mizuho analysts raised their price target for Alibaba Group's stock from $149.00 to $159.00, indicating a potential upside of 17.68% from the current price.
• The average consensus target price for Alibaba Group is now $160.92, with twelve investment analysts rating the stock as a "Buy."
• Alibaba's stock opened at $135.11 and has a 52-week range between $80.06 and $148.43, reflecting significant volatility in its price performance.

Alibaba Group (NYSE:BABA - Free Report) had its price objective hoisted by Mizuho from $149.00 to $159.00 in a research report released on Tuesday morning, MarketBeat reports. Mizuho currently has an outperform rating on the specialty retailer's stock.

Several other equities analysts also recently weighed in on BABA. Arete downgraded shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a research note on Tuesday, June 24th. Robert W. Baird cut their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Jefferies Financial Group set a $165.00 price objective on shares of Alibaba Group and gave the stock a "buy" rating in a research report on Friday, August 29th. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $163.53.

Alibaba Group Price Performance

Shares of NYSE:BABA traded up $4.57 during midday trading on Tuesday, hitting $135.49. The company's stock had a trading volume of 19,166,179 shares, compared to its average volume of 17,007,000. The business's 50 day simple moving average is $119.59 and its 200 day simple moving average is $122.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.45. The company has a market cap of $323.03 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.83 and a beta of 0.11. Alibaba Group has a 12-month low of $80.06 and a 12-month high of $148.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC boosted its stake in shares of Alibaba Group by 1,349,768.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock valued at $5,558,646,000 after purchasing an additional 49,010,087 shares during the period. Primecap Management Co. CA boosted its stake in shares of Alibaba Group by 0.7% in the second quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer's stock valued at $2,354,877,000 after purchasing an additional 140,579 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Alibaba Group by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock valued at $2,069,144,000 after purchasing an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock valued at $1,136,554,000 after purchasing an additional 2,584,480 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Alibaba Group by 85.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer's stock valued at $1,131,558,000 after purchasing an additional 3,947,460 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

About Alibaba Group

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.