Alibaba Group (NYSE:BABA) has been assigned a $245.00 price objective by analysts at UBS Group in a research report issued on Friday, August 24th. The brokerage presently has a “buy” rating on the specialty retailer’s stock. UBS Group’s price target would suggest a potential upside of 48.72% from the stock’s previous close.

Other analysts have also issued reports about the company. ValuEngine lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. SunTrust Banks boosted their price objective on Alibaba Group to $235.00 and gave the company a “buy” rating in a report on Monday, May 7th. Susquehanna Bancshares increased their price objective on Alibaba Group from $220.00 to $305.00 and gave the stock a “positive” rating in a report on Thursday, June 7th. KeyCorp decreased their price objective on Alibaba Group from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Friday, August 24th. Finally, Argus started coverage on Alibaba Group in a report on Monday, June 25th. They issued a “buy” rating and a $275.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $228.60.

BABA stock traded down $0.79 during trading on Friday, reaching $164.74. 23,408,016 shares of the stock traded hands, compared to its average volume of 26,617,404. The company has a market cap of $413.52 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 1.15 and a beta of 2.40. Alibaba Group has a 52-week low of $152.85 and a 52-week high of $211.70. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 23rd. The specialty retailer reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. The company had revenue of $12.23 billion for the quarter, compared to analyst estimates of $12.25 billion. equities analysts forecast that Alibaba Group will post 4.07 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in Alibaba Group by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 2,811,366 shares of the specialty retailer’s stock worth $521,591,000 after buying an additional 229,005 shares during the last quarter. One Capital Management LLC acquired a new stake in shares of Alibaba Group in the second quarter valued at about $1,698,000. InterOcean Capital LLC acquired a new stake in shares of Alibaba Group in the second quarter valued at about $371,000. OppenheimerFunds Inc. grew its position in shares of Alibaba Group by 8.1% in the second quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock valued at $2,927,474,000 after purchasing an additional 1,182,927 shares during the last quarter. Finally, North Star Asset Management Inc. grew its position in shares of Alibaba Group by 8.1% in the second quarter. North Star Asset Management Inc. now owns 26,516 shares of the specialty retailer’s stock valued at $4,920,000 after purchasing an additional 1,998 shares during the last quarter. 38.65% of the stock is currently owned by hedge funds and other institutional investors.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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