Barclays Increases Alibaba Group (NYSE:BABA) Price Target to $137.00

Alibaba Group (NYSE:BABA) had its price target boosted by research analysts at Barclays from $107.00 to $137.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s target price suggests a potential upside of 34.08% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Benchmark restated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, August 16th. Jefferies Financial Group restated a “buy” rating and set a $116.00 price objective on shares of Alibaba Group in a research report on Friday, July 26th. Robert W. Baird upped their price objective on shares of Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Susquehanna lowered their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. Finally, Bank of America upped their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $112.63.

Alibaba Group Stock Up 0.3 %

BABA stock opened at $102.18 on Tuesday. The company has a fifty day moving average price of $91.46 and a 200 day moving average price of $81.84. Alibaba Group has a 12 month low of $66.63 and a 12 month high of $117.82. The company has a market cap of $259.28 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same quarter in the prior year, the firm earned $2.47 EPS. Alibaba Group’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts expect that Alibaba Group will post 7.93 earnings per share for the current year.

Institutional Investors Weigh In On Alibaba Group

Large investors have recently added to or reduced their stakes in the business. First Command Advisory Services Inc. acquired a new stake in Alibaba Group in the 2nd quarter valued at about $25,000. GPS Wealth Strategies Group LLC lifted its holdings in Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group in the 2nd quarter valued at about $27,000. Register Financial Advisors LLC purchased a new position in Alibaba Group in the 1st quarter valued at about $31,000. Finally, Asset Dedication LLC lifted its holdings in Alibaba Group by 315.0% in the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 400 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.