Alibaba Group (NYSE:BABA) Given New $125.00 Price Target at Robert W. Baird

Alibaba Group (NYSE:BABA) had its price objective boosted by Robert W. Baird from $110.00 to $125.00 in a research note issued to investors on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the specialty retailer’s stock.

BABA has been the subject of several other research reports. Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barclays lowered their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Finally, Citigroup lifted 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. Two investment 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 a consensus price target of $131.93.

Alibaba Group Price Performance

Alibaba Group stock opened at $143.67 on Wednesday. The business has a 50 day simple moving average of $95.43 and a 200 day simple moving average of $92.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. Alibaba Group has a one year low of $68.36 and a one year high of $145.30. The company has a market capitalization of $341.36 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data 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). Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. On average, sell-side analysts forecast that Alibaba Group will post 7.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

A number of institutional investors have recently made changes to their positions in BABA. Rings Capital Management LLC lifted its holdings in Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock worth $602,000 after acquiring an additional 100 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after acquiring an additional 101 shares in the last quarter. Global Endowment Management LP lifted its holdings in Alibaba Group by 1.4% during the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock worth $642,000 after acquiring an additional 106 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in Alibaba Group by 3.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after acquiring an additional 108 shares in the last quarter. Finally, TRUE Private Wealth Advisors lifted its holdings in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 112 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

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.