Alibaba Group (NYSE:BABA) Price Target Raised to $180.00 at Barclays

Alibaba Group (NYSE:BABA) had its price objective boosted by Barclays from $130.00 to $180.00 in a research note issued to investors on Friday,Benzinga reports. Barclays currently has an overweight rating on the specialty retailer’s stock.

A number of other equities research analysts have also recently weighed in on the company. Robert W. Baird raised their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup raised their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Mizuho upped their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark restated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Finally, StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.93.

Alibaba Group Stock Up 5.7 %

Shares of NYSE BABA opened at $143.67 on Friday. The stock has a market cap of $341.36 billion, a PE ratio of 29.14, a PEG ratio of 0.53 and a beta of 0.31. The business has a fifty day moving average of $95.43 and a two-hundred day moving average of $92.88. Alibaba Group has a 52-week low of $68.36 and a 52-week high of $145.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. As a group, equities research analysts expect that Alibaba Group will post 7.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Institutional investors have recently modified their holdings of the business. Concord Wealth Partners raised its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the period. Highline Wealth Partners LLC bought a new stake in shares of Alibaba Group during the third quarter worth $36,000. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the fourth quarter worth $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth $32,000. Finally, Assetmark Inc. lifted its position in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

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.