Alibaba Group (NYSE:BABA) Raised to Hold at Zacks Research

Alibaba Group (NYSE:BABAGet Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts also recently weighed in on BABA. Argus upgraded Alibaba Group to a “hold” rating in a research note on Tuesday, March 24th. Robert W. Baird decreased their price target on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Wall Street Zen upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Morgan Stanley increased their price objective on shares of Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.76.

Check Out Our Latest Stock Report on BABA

Alibaba Group Stock Performance

BABA stock opened at $127.49 on Tuesday. Alibaba Group has a one year low of $103.71 and a one year high of $192.67. The firm has a market cap of $305.87 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 2.24 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a 50-day simple moving average of $131.01 and a two-hundred day simple moving average of $145.72.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The firm had revenue of $35.30 billion during the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. On average, equities analysts forecast that Alibaba Group will post 6.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BABA. Ameriflex Group Inc. raised its position in shares of Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 72 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter valued at about $30,000. Hoey Investments Inc. increased its stake in shares of Alibaba Group by 95.2% in the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Palisade Asset Management LLC purchased a new position in shares of Alibaba Group in the 3rd quarter valued at about $37,000. Finally, Costello Asset Management INC acquired a new position in Alibaba Group in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Key Headlines Impacting Alibaba Group

Here are the key news stories impacting Alibaba Group this week:

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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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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