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

Alibaba Group (NYSE:BABA) had its price target raised by Barclays from $107.00 to $137.00 in a report issued on Tuesday, Benzinga reports. They currently have an overweight rating on the specialty retailer’s stock.

Several other research analysts also recently weighed in on BABA. Benchmark reaffirmed a buy rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, August 16th. Jefferies Financial Group reaffirmed a buy rating and issued a $116.00 price target on shares of Alibaba Group in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an overweight rating in a research report on Friday, August 16th. Susquehanna decreased their price objective on Alibaba Group from $135.00 to $130.00 and set a positive rating on the stock in a report on Monday, August 19th. Finally, Bank of America upped their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a buy rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $112.63.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $101.85 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $258.44 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 0.55 and a beta of 0.35. The firm’s 50 day simple moving average is $90.97 and its 200-day simple moving average is $81.70. Alibaba Group has a 12 month low of $66.63 and a 12 month high of $117.82.

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

Institutional Inflows and Outflows

A number of large 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 second quarter valued at $25,000. GPS Wealth Strategies Group LLC increased its position in shares of Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group in the 2nd quarter valued at about $27,000. Register Financial Advisors LLC acquired a new position in Alibaba Group in the first quarter valued at about $31,000. Finally, Asset Dedication LLC boosted its stake in Alibaba Group by 315.0% during the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after buying an additional 400 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

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.