Alibaba Group (NYSE:BABA) Downgraded by StockNews.com to “Hold”

Alibaba Group (NYSE:BABA) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

BABA has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price target on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Robert W. Baird upped their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday. Susquehanna decreased their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. Finally, Sanford C. Bernstein increased their target price on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $114.53.

Alibaba Group Price Performance

Alibaba Group stock opened at $91.99 on Tuesday. The business has a 50-day simple moving average of $97.68 and a 200 day simple moving average of $85.39. Alibaba Group has a 52 week low of $66.63 and a 52 week high of $117.82. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The stock has a market cap of $220.31 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 0.41 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data 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. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. During the same period in the prior year, the business earned $2.47 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts forecast that Alibaba Group will post 8.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CreativeOne Wealth LLC bought a new position in Alibaba Group in the third quarter worth approximately $518,000. Bridgewater Associates LP bought a new position in Alibaba Group in the third quarter worth approximately $54,366,000. Soros Capital Management LLC bought a new position in Alibaba Group in the third quarter worth approximately $12,098,000. Hardy Reed LLC bought a new position in Alibaba Group in the third quarter worth approximately $205,000. Finally, Townsquare Capital LLC lifted its holdings in Alibaba Group by 287.0% during the third quarter. Townsquare Capital LLC now owns 69,734 shares of the specialty retailer’s stock worth $7,400,000 after buying an additional 51,713 shares during the period. Institutional investors own 13.47% of the company’s stock.

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.