Alibaba Group (NYSE:BABA) Rating Increased to Hold at Argus

Alibaba Group (NYSE:BABAGet Free Report) was upgraded by equities researchers at Argus to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Macquarie Infrastructure reissued an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Wall Street Zen downgraded Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Weiss Ratings cut shares of Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Morgan Stanley reduced their price objective on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Finally, Erste Group Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Sixteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.95.

Read Our Latest Analysis on BABA

Alibaba Group Stock Down 0.4%

Shares of NYSE BABA opened at $125.55 on Tuesday. The company has a market capitalization of $299.75 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 2.87 and a beta of 0.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. The business has a 50-day moving average of $152.36 and a two-hundred day moving average of $158.51. Alibaba Group has a 1 year low of $95.73 and a 1 year high of $192.67.

Institutional Investors Weigh In On Alibaba Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors increased its holdings in shares of Alibaba Group by 7.7% in the 4th quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock valued at $953,527,000 after acquiring an additional 466,847 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Alibaba Group by 7,680.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock worth $881,554,000 after purchasing an additional 5,936,847 shares during the period. Fisher Asset Management LLC boosted its stake in Alibaba Group by 0.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,335,894 shares of the specialty retailer’s stock worth $782,135,000 after purchasing an additional 42,297 shares during the period. Norges Bank purchased a new position in Alibaba Group during the 2nd quarter worth $527,243,000. Finally, American Century Companies Inc. increased its stake in Alibaba Group by 17.7% in the third quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock valued at $533,964,000 after purchasing an additional 448,484 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

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About Alibaba Group

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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