Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) reached a new 52-week high during mid-day trading on Monday after Jefferies Financial Group raised their price target on the stock from $178.00 to $230.00. Jefferies Financial Group currently has a buy rating on the stock. Alibaba Group traded as high as $181.32 and last traded at $179.41, with a volume of 4156036 shares changing hands. The stock had previously closed at $171.91.
A number of other research firms also recently issued reports on BABA. Arete upgraded shares of Alibaba Group from a "neutral" rating to a "buy" rating and set a $152.00 price target for the company in a research report on Wednesday, September 3rd. Sanford C. Bernstein reiterated an "outperform" rating and set a $160.00 price target on shares of Alibaba Group in a research report on Saturday, August 30th. Robert W. Baird lifted their price target on shares of Alibaba Group from $153.00 to $174.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. 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. Finally, Bank of America lifted their price target on shares of Alibaba Group from $168.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $176.06.
Get Our Latest Stock Analysis on BABA
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Temasek Holdings Private Ltd grew its stake in Alibaba Group by 23.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer's stock worth $728,633,000 after acquiring an additional 1,045,789 shares during the period. American Century Companies Inc. grew its stake in Alibaba Group by 52.1% in the 1st quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer's stock worth $303,215,000 after acquiring an additional 785,494 shares during the period. Causeway Capital Management LLC grew its stake in Alibaba Group by 42.6% in the 1st quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer's stock worth $179,305,000 after acquiring an additional 404,842 shares during the period. WCM Investment Management LLC purchased a new stake in Alibaba Group in the 1st quarter worth approximately $4,074,000. Finally, KMG Fiduciary Partners LLC purchased a new stake in Alibaba Group in the 1st quarter worth approximately $1,948,000. 13.47% of the stock is owned by hedge funds and other institutional investors.
Alibaba Group Price Performance
The stock has a market capitalization of $427.01 billion, a PE ratio of 20.86, a PEG ratio of 1.98 and a beta of 0.11. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. The company's 50 day simple moving average is $134.37 and its 200 day simple moving average is $124.52.
About Alibaba Group
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Alibaba Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.
While Alibaba Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
