Alibaba Group (NYSE:BABA) Given New $180.00 Price Target at Barclays

Alibaba Group (NYSE:BABA - Get Free Report) had its price target increased by investment analysts at Barclays from $130.00 to $180.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the specialty retailer's stock. Barclays's target price suggests a potential upside of 25.29% from the stock's previous close.

BABA has been the subject of a number of other research reports. Robert W. Baird lifted 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. Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a report on Friday. Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, Mizuho lifted their target price on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Alibaba Group presently has an average rating of "Moderate Buy" and an average target price of $131.93.

Alibaba Group Trading Up 5.7 %

Shares of NYSE:BABA traded up $7.70 during midday trading on Friday, reaching $143.67. The company's stock 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 price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. 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 1 year low of $68.36 and a 1 year high of $145.30. The business has a 50 day moving average price of $95.43 and a 200 day moving average price of $92.88.

Alibaba Group (NYSE:BABA - Get Free Report) last announced 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 business had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Research analysts forecast that Alibaba Group will post 7.86 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BABA. Concord Wealth Partners lifted its stake in shares of Alibaba Group by 155.0% during the third 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. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group in the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group in the fourth quarter worth about $32,000. Highline Wealth Partners LLC acquired a new position in shares of Alibaba Group in the third quarter worth about $36,000. Finally, Assetmark Inc. lifted its stake in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

About Alibaba Group

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.