Weekly Analysts’ Ratings Changes for Alibaba Group (BABA)

A number of firms have modified their ratings and price targets on shares of Alibaba Group (NYSE: BABA) recently:

• 8/29/2024 – Alibaba Group had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $115.00 price target on the stock.
• 8/23/2024 – Alibaba Group had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $90.00 price target on the stock.
• 8/19/2024 – Alibaba Group had its price target lowered by analysts at Susquehanna from $135.00 to $130.00. They now have a “positive” rating on the stock.
• 8/16/2024 – Alibaba Group had its price target raised by analysts at JPMorgan Chase & Co. from $100.00 to $108.00. They now have an “overweight” rating on the stock.
• 8/16/2024 – Alibaba Group had its price target raised by analysts at Robert W. Baird from $85.00 to $88.00. They now have an “outperform” rating on the stock.
• 8/16/2024 – Alibaba Group had its price target raised by analysts at Sanford C. Bernstein from $80.00 to $85.00. They now have a “market perform” rating on the stock.
• 8/16/2024 – Alibaba Group had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $118.00 price target on the stock.
• 8/16/2024 – Alibaba Group had its price target lowered by analysts at Truist Financial Co. from $110.00 to $100.00. They now have a “buy” rating on the stock.
• 8/14/2024 – Alibaba Group had its price target raised by analysts at Bank of America Co. from $103.00 to $106.00. They now have a “buy” rating on the stock.
• 7/26/2024 – Alibaba Group had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $116.00 price target on the stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $81.01 on Friday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $96.68. The firm has a market capitalization of $205.56 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 0.48 and a beta of 0.32. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $77.67 and its 200 day simple moving average is $76.48.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Alibaba Group’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $2.47 earnings per share. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. First Command Advisory Services Inc. acquired a new position in shares of Alibaba Group in the 2nd quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC raised its holdings in Alibaba Group by 139.3% in the second 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 in the last quarter. EdgeRock Capital LLC bought a new position in Alibaba Group during the 4th quarter valued at $26,000. Register Financial Advisors LLC acquired a new position in Alibaba Group during the 1st quarter worth $31,000. Finally, Asset Dedication LLC increased its position in shares of Alibaba Group by 315.0% in the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

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.