Robert W. Baird Issues Positive Forecast for Alibaba Group (NYSE:BABA) Stock Price

Key Points

• Robert W. Baird has lifted its target price for Alibaba Group's stock from $142.00 to $153.00, indicating a potential upside of 11.67% from the previous close.
• Other analysts such as Bank of America have also updated their target price, raising it from $135.00 to $152.00, further solidifying overall positive sentiment with most ratings reflecting a "buy" or "overweight".
• Alibaba Group's stock recently traded at $137.01, with a significant market cap of $326.66 billion and a price-to-earnings ratio of 15.89.

Alibaba Group (NYSE:BABA - Get Free Report) had its target price lifted by stock analysts at Robert W. Baird from $142.00 to $153.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the specialty retailer's stock. Robert W. Baird's price target would indicate a potential upside of 11.67% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. Barclays reduced their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 15th. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Bank of America increased their target price on shares of Alibaba Group from $135.00 to $152.00 and gave the stock a "buy" rating in a report on Tuesday. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a report on Wednesday, May 14th. Finally, UBS Group reiterated a "buy" rating on shares of Alibaba Group in a report on Sunday. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $163.23.

Alibaba Group Price Performance

Alibaba Group stock traded up $2.01 during mid-day trading on Tuesday, reaching $137.01. 21,550,169 shares of the company's stock traded hands, compared to its average volume of 21,161,889. The company has a market cap of $326.66 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.99 and a beta of 0.11. The stock has a 50 day moving average of $117.95 and a two-hundred day moving average of $121.80. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group has a 12-month low of $80.06 and a 12-month high of $148.43.

Institutional Trading of Alibaba Group

Institutional investors have recently modified their holdings of the company. Brighton Jones LLC raised its position 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 last quarter. Aptus Capital Advisors LLC grew its stake in 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 acquiring an additional 1,325 shares during the period. Ameriprise Financial Inc. boosted its stake in Alibaba Group by 13.0% during the 4th quarter. Ameriprise Financial Inc. now owns 471,652 shares of the specialty retailer's stock worth $39,992,000 after purchasing an additional 54,342 shares during the last quarter. Bank of America Corp DE boosted its stake in Alibaba Group by 7.0% during the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock worth $566,124,000 after purchasing an additional 438,537 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Alibaba Group by 3.3% in the fourth 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. 13.47% of the stock is currently owned by institutional investors.

About Alibaba Group

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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