Alibaba Group (NYSE:BABA) Price Target Cut to $130.00

Alibaba Group (NYSE:BABA) had its price objective cut by Susquehanna from $135.00 to $130.00 in a report published on Monday, Benzinga reports. They currently have a positive rating on the specialty retailer’s stock.

Several other analysts have also issued reports on the company. Barclays reduced their target price on Alibaba Group from $109.00 to $107.00 and set an overweight rating on the stock in a report on Thursday, May 16th. JPMorgan Chase & Co. boosted their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the company an overweight rating in a research report on Friday, August 16th. Sanford C. Bernstein increased their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a market perform rating in a research report on Friday, August 16th. Citigroup lowered their price objective on shares of Alibaba Group from $124.00 to $122.00 and set a buy rating for the company in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group reiterated a buy rating and issued a $116.00 price target on shares of Alibaba Group in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $107.32.

Alibaba Group Price Performance

NYSE:BABA opened at $83.58 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $212.08 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 0.48 and a beta of 0.32. Alibaba Group has a 52 week low of $66.63 and a 52 week high of $96.68. The firm’s 50-day simple moving average is $76.90 and its 200 day simple moving average is $76.19.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. The company had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $2.47 earnings per share. As a group, sell-side analysts predict that Alibaba Group will post 6.96 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. First Command Advisory Services Inc. bought a new position in Alibaba Group during the 2nd quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new stake in Alibaba Group during the 4th quarter worth about $26,000. GPS Wealth Strategies Group LLC raised its position in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares in the last quarter. Register Financial Advisors LLC bought a new stake in shares of Alibaba Group during the 1st quarter valued at about $31,000. Finally, Asset Dedication LLC grew its position in shares of Alibaba Group by 315.0% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after buying an additional 400 shares during the period. 13.47% of the stock is 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.