Alibaba Group (NYSE:BABA) Price Target Cut to $169.00 by Analysts at Citigroup

Alibaba Group (NYSE:BABA) had its target price cut by Citigroup from $170.00 to $169.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Several other research analysts have also commented on BABA. Bank of America raised 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, February 21st. Mizuho boosted their price target on Alibaba Group from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Benchmark boosted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alibaba Group presently has an average rating of “Buy” and a consensus target price of $150.36.

Alibaba Group Stock Performance

NYSE BABA opened at $103.88 on Tuesday. The business’s 50-day simple moving average is $126.48 and its 200-day simple moving average is $104.55. The firm has a market capitalization of $246.75 billion, a P/E ratio of 15.01, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group has a 1-year low of $68.36 and a 1-year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Equities analysts predict that Alibaba Group will post 7.86 EPS for the current year.

Institutional Trading of Alibaba Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group during the fourth quarter valued at $32,000. Strategic Investment Solutions Inc. IL raised its holdings in shares of Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares during the period. Redwood Park Advisors LLC bought a new position in shares of Alibaba Group in the 4th quarter worth about $52,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at about $55,000. 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.