Alibaba Group (NYSE:BABA) Earns “Buy” Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Alibaba Group (NYSE:BABA) in a research note published on Friday, Benzinga reports. They currently have a $118.00 price target on the specialty retailer’s stock.

Other research analysts have also recently issued reports about the stock. Truist Financial cut their price target on shares of Alibaba Group from $110.00 to $100.00 and set a buy rating for the company in a report on Friday. Robert W. Baird boosted their price objective on shares of Alibaba Group from $85.00 to $88.00 and gave the stock an outperform rating in a report on Friday. Barclays dropped their target price on shares of Alibaba Group from $109.00 to $107.00 and set an overweight rating for the company in a report on Thursday, May 16th. Mizuho dropped their price objective on Alibaba Group from $95.00 to $92.00 and set a buy rating for the company in a research note on Wednesday, May 15th. Finally, Loop Capital upped their target price on Alibaba Group from $111.00 to $115.00 and gave the company a buy rating in a report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $107.61.

Alibaba Group Stock Up 4.6 %

BABA stock opened at $83.18 on Friday. Alibaba Group has a one year low of $66.63 and a one year high of $96.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $211.07 billion, a PE ratio of 19.39, a PEG ratio of 0.48 and a beta of 0.32. The firm’s 50 day moving average price is $76.63 and its 200-day moving average price is $75.99.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.47 earnings per share. On average, equities research analysts anticipate that Alibaba Group will post 6.96 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BABA. First Command Advisory Services Inc. purchased a new position in Alibaba Group in the second quarter valued at about $25,000. EdgeRock Capital LLC purchased a new stake in shares of Alibaba Group during the 4th quarter valued at about $26,000. GPS Wealth Strategies Group LLC lifted its position in Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares in the last quarter. Register Financial Advisors LLC purchased a new position in Alibaba Group in the 1st quarter worth approximately $31,000. Finally, Asset Dedication LLC grew its position in Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 400 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

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.