Alibaba Group (NYSE:BABA) Given New $138.00 Price Target at Citigroup

Alibaba Group (NYSE:BABA - Free Report) had its target price boosted by Citigroup from $133.00 to $138.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer's stock.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird raised their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Bank of America lifted their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Mizuho increased their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. StockNews.com downgraded shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 14th. Finally, Benchmark restated a "buy" rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $115.13.

Alibaba Group Stock Performance

Shares of BABA stock traded down $3.20 on Friday, reaching $80.49. The stock had a trading volume of 15,359,519 shares, compared to its average volume of 12,092,227. Alibaba Group has a 12 month low of $66.63 and a 12 month high of $117.82. The firm has a market capitalization of $191.80 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 0.44 and a beta of 0.30. The firm's 50-day moving average is $87.59 and its two-hundred day moving average is $87.35. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. The company 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%. Alibaba Group's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $1.82 earnings per share. On average, research analysts expect that Alibaba Group will post 8.44 EPS for the current fiscal year.

Institutional Trading of Alibaba Group

Institutional investors have recently bought and sold shares of the business. Concord Wealth Partners lifted its stake in Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group during the second quarter worth approximately $27,000. Highline Wealth Partners LLC acquired a new position in Alibaba Group during the third quarter worth $36,000. Assetmark Inc. boosted its stake in Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after buying an additional 275 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Alibaba Group in the 2nd quarter valued at $38,000. 13.47% of the stock is 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.