Alibaba Group (NYSE:BABA) Upgraded at StockNews.com

StockNews.com upgraded shares of Alibaba Group (NYSE:BABA) from a buy rating to a strong-buy rating in a research note published on Friday morning.

Several other research firms have also commented on BABA. Loop Capital reissued a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Bank of America boosted their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley reissued an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. upped their target price on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Stock Performance

NYSE BABA opened at $85.93 on Friday. The firm has a market capitalization of $205.61 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.42 and a beta of 0.30. Alibaba Group has a 1-year low of $66.63 and a 1-year high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The business’s 50-day simple moving average is $97.09 and its 200-day simple moving average is $86.07.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates 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 for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. Equities analysts predict that Alibaba Group will post 8.44 EPS for the current year.

Institutional Investors Weigh In On Alibaba Group

Institutional investors have recently made changes to their positions in the company. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC increased its holdings in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $27,000. Concord Wealth Partners increased its holdings in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new position in Alibaba Group during the 3rd quarter worth $36,000. 13.47% of the stock is currently 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.