Alibaba Group Holding Limited (NYSE:BABA) Receives $148.14 Consensus Price Target from Brokerages

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) has earned a consensus rating of "Buy" from the fifteen analysts that are covering the company, Marketbeat Ratings reports. Fourteen equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $148.14.

Several analysts have recently weighed in on BABA shares. Mizuho upped their price objective on Alibaba Group from $140.00 to $170.00 and gave the company an "outperform" rating in a report on Friday. Citigroup raised their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Bank of America increased their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Morgan Stanley upgraded shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, Robert W. Baird increased their price objective on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th.

Alibaba Group Price Performance

Alibaba Group stock traded up $0.50 during trading hours on Friday, hitting $132.73. 11,589,019 shares of the company traded hands, compared to its average volume of 19,417,672. The firm's 50-day simple moving average is $123.49 and its two-hundred day simple moving average is $103.37. The firm has a market cap of $315.37 billion, a P/E ratio of 19.18, a P/E/G ratio of 0.61 and a beta of 0.28. Alibaba Group has a 1-year low of $68.36 and a 1-year high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

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Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, analysts forecast that Alibaba Group will post 7.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the fourth quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the fourth quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL raised its position in Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after acquiring an additional 200 shares in the last quarter. Redwood Park Advisors LLC bought a new stake in Alibaba Group in the fourth quarter worth approximately $52,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth $55,000. Institutional investors and hedge funds 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.