Alibaba Group (NYSE:BABA) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Alibaba Group (NYSE:BABA) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

Several other research analysts have also commented on BABA. Barclays dropped their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Loop Capital restated a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Truist Financial dropped their price target on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Trading Down 2.0 %

Shares of BABA stock opened at $86.03 on Friday. The stock’s 50-day moving average price is $94.19 and its 200-day moving average price is $86.43. Alibaba Group has a 12-month low of $66.63 and a 12-month high of $117.82. The stock has a market capitalization of $205.59 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

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

Institutional Investors Weigh In On Alibaba Group

A number of institutional investors and hedge funds have recently bought and sold shares of BABA. Generate Investment Management Ltd bought a new stake in shares of Alibaba Group in the third quarter valued at about $12,656,000. Nations Financial Group Inc. IA ADV raised its holdings in shares of Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after purchasing an additional 11,192 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after purchasing an additional 50,000 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after purchasing an additional 266,361 shares during the period. Finally, Aspex Management HK Ltd bought a new position in shares of Alibaba Group during the third quarter valued at approximately $115,995,000. 13.47% of the stock is owned by institutional investors.

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.