Alibaba Group (NYSE:BABA) Price Target Cut to $161.00 by Analysts at Barclays

Alibaba Group (NYSE:BABAGet Rating) had its price target lowered by Barclays from $170.00 to $161.00 in a research note released on Friday, The Fly reports. The firm currently has an overweight rating on the specialty retailer’s stock.

BABA has been the subject of several other research reports. Robert W. Baird cut their price target on Alibaba Group from $160.00 to $144.00 and set an outperform rating for the company in a research note on Monday, May 23rd. Stifel Nicolaus lowered their price target on Alibaba Group from $150.00 to $135.00 and set a buy rating on the stock in a report on Friday, February 25th. The Goldman Sachs Group began coverage on Alibaba Group in a report on Sunday, April 10th. They issued a buy rating and a $185.00 price target on the stock. Bank of America decreased their price objective on Alibaba Group from $203.00 to $193.00 and set a buy rating on the stock in a report on Friday, February 25th. Finally, Mizuho decreased their price objective on Alibaba Group from $180.00 to $160.00 in a report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, Alibaba Group presently has a consensus rating of Buy and a consensus target price of $185.47.

BABA stock opened at $93.41 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $253.23 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.43 and a beta of 0.91. Alibaba Group has a fifty-two week low of $73.28 and a fifty-two week high of $230.89. The stock has a fifty day moving average of $97.04 and a 200-day moving average of $113.33.

Alibaba Group (NYSE:BABAGet Rating) last posted its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $7.95 earnings per share for the quarter, topping the consensus estimate of $1.06 by $6.89. The company had revenue of $204.05 billion during the quarter, compared to the consensus estimate of $199.43 billion. Alibaba Group had a return on equity of 10.84% and a net margin of 7.86%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS. Equities analysts predict that Alibaba Group will post 6.47 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Garde Capital Inc. raised its stake in Alibaba Group by 43.5% during the first quarter. Garde Capital Inc. now owns 1,799 shares of the specialty retailer’s stock valued at $196,000 after buying an additional 545 shares during the last quarter. Martin Currie Ltd. raised its stake in Alibaba Group by 12.5% during the first quarter. Martin Currie Ltd. now owns 1,574,294 shares of the specialty retailer’s stock valued at $171,283,000 after buying an additional 174,872 shares during the last quarter. M Holdings Securities Inc. purchased a new position in Alibaba Group during the first quarter valued at $711,000. Neuberger Berman Group LLC raised its stake in Alibaba Group by 41.8% during the first quarter. Neuberger Berman Group LLC now owns 445,117 shares of the specialty retailer’s stock valued at $48,428,000 after buying an additional 131,210 shares during the last quarter. Finally, Greylin Investment Mangement Inc. raised its stake in Alibaba Group by 100.3% during the first quarter. Greylin Investment Mangement Inc. now owns 124,216 shares of the specialty retailer’s stock valued at $13,515,000 after buying an additional 62,213 shares during the last quarter. Institutional investors own 17.39% of the company’s stock.

Alibaba Group Company Profile (Get Rating)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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