Alibaba Group (NYSE:BABA) Given New $190.00 Price Target at Benchmark

Alibaba Group (NYSE:BABA - Free Report) had its target price hoisted by Benchmark from $118.00 to $190.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the specialty retailer's stock.

BABA has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday. Robert W. Baird boosted their price target on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a report on Friday. Mizuho boosted their price target on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Bank of America boosted their price target on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.93.

Alibaba Group Trading Up 5.7 %

Shares of BABA traded up $7.70 during trading hours on Friday, hitting $143.67. The company had a trading volume of 73,657,797 shares, compared to its average volume of 30,282,477. The firm has a market cap of $341.36 billion, a P/E ratio of 29.14, a P/E/G ratio of 0.53 and a beta of 0.31. The stock's 50 day moving average price is $95.43 and its 200 day moving average price is $92.88. 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 has a 52-week low of $68.36 and a 52-week high of $145.30.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. On average, research analysts predict that Alibaba Group will post 7.86 EPS for the current year.

Hedge Funds Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanders Capital LLC lifted its position in Alibaba Group by 0.3% in the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer's stock valued at $1,959,021,000 after acquiring an additional 60,667 shares in the last quarter. Appaloosa LP raised its stake in Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after buying an additional 1,843,158 shares during the last quarter. Hhlr Advisors LTD. raised its stake in Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after buying an additional 3,448,152 shares during the last quarter. Norges Bank purchased a new stake in Alibaba Group during the 4th quarter valued at $585,479,000. Finally, Bank of America Corp DE raised its stake in Alibaba Group by 7.0% during the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock valued at $566,124,000 after buying an additional 438,537 shares during the last quarter. 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.