Investment analysts at Macquarie started coverage on shares of Alibaba Group (NYSE:BABA) in a report issued on Tuesday, The Fly reports. The firm set an "outperform" rating on the specialty retailer's stock.
BABA has been the topic of several other research reports. Erste Group cut shares of Alibaba Group from a "hold" rating to a "sell" rating in a research note on Friday, August 20th. Zacks Investment Research cut shares of Alibaba Group from a "hold" rating to a "strong sell" rating and set a $140.00 price target on the stock. in a research note on Wednesday, November 24th. Needham & Company LLC decreased their price target on shares of Alibaba Group from $330.00 to $230.00 and set a "buy" rating on the stock in a research note on Tuesday, November 23rd. Citigroup decreased their price target on shares of Alibaba Group from $240.00 to $234.00 and set a "buy" rating on the stock in a research note on Friday, November 19th. Finally, The Goldman Sachs Group cut shares of Alibaba Group from a "conviction-buy" rating to a "buy" rating in a research report on Sunday, November 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $245.19.
Alibaba Group stock traded up $1.12 during mid-day trading on Tuesday, hitting $124.72. The stock had a trading volume of 772,219 shares, compared to its average volume of 20,592,293. The firm has a market capitalization of $338.11 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.20 and a beta of 0.92. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.12. The firm's 50 day moving average is $154.64 and its 200 day moving average is $180.09. Alibaba Group has a one year low of $108.70 and a one year high of $274.29.
Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, November 18th. The specialty retailer reported $11.20 earnings per share for the quarter, topping the consensus estimate of $1.46 by $9.74. The company had revenue of $200.69 billion during the quarter, compared to the consensus estimate of $204.97 billion. Alibaba Group had a net margin of 15.27% and a return on equity of 12.39%. Alibaba Group's quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 EPS. As a group, equities research analysts forecast that Alibaba Group will post 6.58 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new position in shares of Alibaba Group during the second quarter valued at approximately $29,000. Community Bank N.A. purchased a new stake in Alibaba Group during the third quarter valued at approximately $30,000. Consolidated Planning Corp purchased a new stake in Alibaba Group during the third quarter valued at approximately $30,000. Mine & Arao Wealth Creation & Management LLC. lifted its position in Alibaba Group by 150.0% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 250 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. Finally, Cowen Prime Advisors LLC purchased a new stake in Alibaba Group during the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 23.71% of the company's stock.
Alibaba Group Company Profile
Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale.
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