Alibaba Group (BABA) Given New $202.00 Price Target at Nomura

Share on StockTwits

Alibaba Group (NYSE:BABA) had its target price trimmed by Nomura from $224.00 to $202.00 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the specialty retailer’s stock.

Several other equities research analysts also recently weighed in on the company. ValuEngine downgraded Alibaba Group from a buy rating to a hold rating in a report on Monday, July 2nd. CLSA set a $240.00 price target on Alibaba Group and gave the stock a buy rating in a report on Monday, September 24th. HSBC began coverage on Alibaba Group in a report on Wednesday, September 12th. They set a buy rating for the company. Zacks Investment Research upgraded Alibaba Group from a strong sell rating to a hold rating in a research report on Monday, October 8th. Finally, MKM Partners cut their price objective on Alibaba Group to $270.00 and set a buy rating for the company in a research report on Wednesday, September 12th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and three have assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $221.76.

Shares of BABA opened at $133.38 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $365.91 billion, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 1.11 and a beta of 2.41. Alibaba Group has a 52-week low of $131.36 and a 52-week high of $211.70.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). The business had revenue of $12.23 billion during the quarter, compared to analyst estimates of $12.25 billion. Alibaba Group had a net margin of 20.57% and a return on equity of 14.18%. On average, sell-side analysts predict that Alibaba Group will post 3.72 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Congress Park Capital LLC increased its holdings in shares of Alibaba Group by 5.1% in the 3rd quarter. Congress Park Capital LLC now owns 24,381 shares of the specialty retailer’s stock valued at $4,017,000 after acquiring an additional 1,193 shares during the last quarter. GWM Advisors LLC increased its holdings in shares of Alibaba Group by 37.0% in the 3rd quarter. GWM Advisors LLC now owns 12,995 shares of the specialty retailer’s stock valued at $2,141,000 after acquiring an additional 3,507 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of Alibaba Group by 6.7% in the 3rd quarter. Checchi Capital Advisers LLC now owns 7,753 shares of the specialty retailer’s stock valued at $1,277,000 after acquiring an additional 485 shares during the last quarter. Taikang Asset Management Hong Kong Co Ltd increased its holdings in shares of Alibaba Group by 23.1% in the 3rd quarter. Taikang Asset Management Hong Kong Co Ltd now owns 1,062,961 shares of the specialty retailer’s stock valued at $175,133,000 after acquiring an additional 199,142 shares during the last quarter. Finally, LeJeune Puetz Investment Counsel LLC increased its holdings in shares of Alibaba Group by 40.0% in the 3rd quarter. LeJeune Puetz Investment Counsel LLC now owns 4,951 shares of the specialty retailer’s stock valued at $816,000 after acquiring an additional 1,415 shares during the last quarter. Institutional investors and hedge funds own 38.77% of the company’s stock.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Featured Story: What is a stock split?

Analyst Recommendations for Alibaba Group (NYSE:BABA)

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply