Susquehanna Cuts Alibaba Group (NYSE:BABA) Price Target to $130.00

Alibaba Group (NYSE:BABA) had its target price reduced by Susquehanna from $135.00 to $130.00 in a report issued on Monday, Benzinga reports. Susquehanna currently has a positive rating on the specialty retailer’s stock.

Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an overweight rating in a research note on Friday, August 16th. Mizuho cut their target price 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. Sanford C. Bernstein upped their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the company a market perform rating in a report on Friday, August 16th. Jefferies Financial Group reiterated a buy rating and issued a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Finally, Barclays dropped their price target on shares of Alibaba Group from $109.00 to $107.00 and set an overweight rating for the company in a research note on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Alibaba Group presently has an average rating of Moderate Buy and a consensus target price of $107.32.

Alibaba Group Stock Up 3.1 %

BABA opened at $83.58 on Monday. The company has a market cap of $212.08 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. Alibaba Group has a twelve month low of $66.63 and a twelve month high of $96.68. The company has a 50-day moving average price of $76.90 and a 200 day moving average price of $76.19. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The business had revenue of $243.24 billion for the quarter, compared to the consensus estimate of $248.32 billion. During the same quarter last year, the business posted $2.47 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts expect that Alibaba Group will post 6.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. Primecap Management Co. CA lifted its stake in Alibaba Group by 5.2% in the second quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer’s stock worth $1,574,711,000 after acquiring an additional 1,074,175 shares during the last quarter. Sanders Capital LLC boosted its position in shares of Alibaba Group by 5.4% in the 4th quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock valued at $1,228,398,000 after purchasing an additional 819,019 shares during the period. FIL Ltd boosted its holdings in shares of Alibaba Group by 10.2% in the fourth quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock valued at $823,986,000 after acquiring an additional 983,842 shares during the period. H&H International Investment LLC increased its holdings in shares of Alibaba Group by 63.1% in the 4th quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock valued at $384,390,000 after acquiring an additional 1,918,730 shares during the period. Finally, Norges Bank purchased a new stake in Alibaba Group in the 4th quarter valued at $329,367,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

About Alibaba Group

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.