Alibaba Group (NYSE:BABA) Upgraded at StockNews.com

StockNews.com upgraded shares of Alibaba Group (NYSE:BABA) from a buy rating to a strong-buy rating in a research report report published on Friday morning.

A number of other equities research analysts also recently commented on the company. Truist Financial reduced their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 16th. Robert W. Baird raised their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Mizuho raised their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.07.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $85.93 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a fifty day moving average price of $97.09 and a 200 day moving average price of $86.07. Alibaba Group has a 1-year low of $66.63 and a 1-year high of $117.82. The company has a market cap of $205.61 billion, a PE ratio of 17.43, a P/E/G ratio of 0.42 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the company earned $1.82 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Alibaba Group will post 8.44 EPS for the current year.

Institutional Trading of Alibaba Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. First Command Advisory Services Inc. purchased a new stake in Alibaba Group in the 2nd quarter valued at about $25,000. GPS Wealth Strategies Group LLC grew 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 buying an additional 209 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group in the 2nd quarter valued at about $27,000. Concord Wealth Partners grew its holdings in Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares during the period. Finally, Highline Wealth Partners LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

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.