Alibaba Group (NYSE:BABA) Price Target Raised to $195.00 at Benchmark

Key Points

• Benchmark analysts raised Alibaba Group's price target from $176.00 to $195.00, indicating a potential upside of 43.11%.
• Despite the upgrade from Benchmark, other analysts like Wall Street Zen and Arete have lowered their ratings, with consensus showing a "Moderate Buy" and an average price target of $162.38.
• Alibaba's stock is currently trading at $136.26, showing a 0.9% increase during mid-day trading on Tuesday.

Alibaba Group (NYSE:BABA - Get Free Report) had its price objective boosted by analysts at Benchmark from $176.00 to $195.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the specialty retailer's stock. Benchmark's price target suggests a potential upside of 43.11% from the company's current price.

Other research analysts have also issued reports about the company. UBS Group restated a "buy" rating on shares of Alibaba Group in a research report on Sunday. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a research report on Tuesday, June 24th. Jefferies Financial Group set a $165.00 price target on Alibaba Group and gave the stock a "buy" rating in a research report on Friday. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $160.00 price target on shares of Alibaba Group in a research report on Saturday. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $162.38.

Alibaba Group Trading Up 0.9%

BABA traded up $1.26 during mid-day trading on Tuesday, reaching $136.26. The stock had a trading volume of 11,315,180 shares, compared to its average volume of 21,069,492. The stock has a market capitalization of $324.88 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.99 and a beta of 0.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The firm's fifty day simple moving average is $117.95 and its two-hundred day simple moving average is $121.80. Alibaba Group has a 52 week low of $80.06 and a 52 week high of $148.43.

Institutional Trading of Alibaba Group

Several hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after purchasing an additional 981 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of Alibaba Group by 68.1% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,270 shares of the specialty retailer's stock valued at $277,000 after purchasing an additional 1,325 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Alibaba Group by 13.0% in the 4th quarter. Ameriprise Financial Inc. now owns 471,652 shares of the specialty retailer's stock valued at $39,992,000 after purchasing an additional 54,342 shares during the period. Bank of America Corp DE raised its stake in shares of Alibaba Group by 7.0% in the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock valued at $566,124,000 after purchasing an additional 438,537 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of Alibaba Group by 3.3% in the 4th quarter. Baird Financial Group Inc. now owns 390,233 shares of the specialty retailer's stock valued at $33,088,000 after purchasing an additional 12,525 shares during the period. Institutional investors and hedge funds 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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