Alibaba Group (NYSE:BABA) Price Target Lowered to $160.00 at Mizuho

Alibaba Group (NYSE:BABA - Get Free Report) had its price target decreased by investment analysts at Mizuho from $170.00 to $160.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the specialty retailer's stock. Mizuho's price target indicates a potential upside of 28.39% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Barclays increased their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Citigroup dropped their price target on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research report on Wednesday. Robert W. Baird dropped their target price 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. Finally, Benchmark decreased their price target on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a report on Friday. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Alibaba Group has an average rating of "Buy" and an average price target of $149.86.

Alibaba Group Stock Performance

BABA stock traded up $0.72 during midday trading on Friday, reaching $124.62. 11,472,516 shares of the company's stock traded hands, compared to its average volume of 20,504,753. The firm has a market capitalization of $297.58 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a 50-day moving average price of $123.70 and a two-hundred day moving average price of $107.05. Alibaba Group has a 52 week low of $71.80 and a 52 week high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, equities analysts anticipate that Alibaba Group will post 7.86 EPS for the current year.

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds have recently modified their holdings of the company. Wedmont Private Capital lifted its holdings in Alibaba Group by 7.4% in the 4th quarter. Wedmont Private Capital now owns 2,974 shares of the specialty retailer's stock worth $240,000 after buying an additional 204 shares during the period. AdvisorNet Financial Inc lifted its stake in Alibaba Group by 99.3% in the fourth quarter. AdvisorNet Financial Inc now owns 2,931 shares of the specialty retailer's stock worth $248,000 after acquiring an additional 1,460 shares during the period. Park Avenue Securities LLC boosted its holdings in Alibaba Group by 31.3% in the fourth quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer's stock valued at $1,566,000 after acquiring an additional 4,397 shares in the last quarter. Ritholtz Wealth Management increased its position in Alibaba Group by 13.6% during the 4th quarter. Ritholtz Wealth Management now owns 42,534 shares of the specialty retailer's stock valued at $3,606,000 after purchasing an additional 5,097 shares during the period. Finally, Retireful LLC bought a new position in Alibaba Group in the 4th quarter worth $214,000. Hedge funds and other 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.

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