Alibaba Group (NYSE:BABA) had its price target decreased by stock analysts at Deutsche Bank Aktiengesellschaft from $360.00 to $319.00 in a report issued on Tuesday, The Fly reports. The firm currently has a "buy" rating on the specialty retailer's stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 21.72% from the stock's current price.
BABA has been the subject of a number of other research reports. DZ Bank reaffirmed a "buy" rating on shares of Alibaba Group in a research report on Thursday, November 5th. Nomura reaffirmed a "buy" rating and issued a $338.00 price target on shares of Alibaba Group in a research report on Thursday, January 14th. Robert W. Baird boosted their price target on Alibaba Group from $275.00 to $325.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 30th. Macquarie reduced their price target on Alibaba Group from $394.00 to $387.00 and set an "outperform" rating for the company in a research report on Monday, January 11th. Finally, Mizuho reduced their price target on Alibaba Group from $325.00 to $300.00 and set a "buy" rating for the company in a research report on Friday, January 8th. Three equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Alibaba Group presently has an average rating of "Buy" and a consensus target price of $319.75.
BABA traded up $0.69 during trading on Tuesday, reaching $262.07. 319,167 shares of the stock traded hands, compared to its average volume of 29,172,924. The stock has a market cap of $709.07 billion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Alibaba Group has a fifty-two week low of $169.95 and a fifty-two week high of $319.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.99 and a quick ratio of 1.99. The stock's 50-day simple moving average is $245.50 and its two-hundred day simple moving average is $267.96.
Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, November 5th. The specialty retailer reported $17.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $16.28. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The firm had revenue of $155.06 billion during the quarter, compared to analysts' expectations of $155 billion. During the same quarter last year, the firm earned $13.10 earnings per share. The business's revenue for the quarter was up 30.3% on a year-over-year basis. Research analysts anticipate that Alibaba Group will post 7.84 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Claudia M.P. Batlle CRP R LLC acquired a new position in shares of Alibaba Group in the 3rd quarter worth approximately $25,000. Slow Capital Inc. acquired a new position in shares of Alibaba Group in the 3rd quarter worth approximately $26,000. CVA Family Office LLC acquired a new position in shares of Alibaba Group in the 3rd quarter worth approximately $29,000. Horan Capital Advisors LLC. acquired a new position in shares of Alibaba Group in the 3rd quarter worth approximately $29,000. Finally, Professional Financial Advisors LLC acquired a new position in shares of Alibaba Group in the 3rd quarter worth approximately $33,000. 40.38% of the stock is owned by institutional investors and hedge funds.
Alibaba Group Company Profile
Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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