Alibaba Group (NYSE:BABA) Price Target Raised to $200.00

Alibaba Group (NYSE:BABA) had its price objective upped by CLSA from $155.00 to $200.00 in a research note published on Thursday, Marketbeat reports. They currently have an outperform rating on the specialty retailer’s stock.

BABA has been the topic of a number of other reports. Benchmark raised their price objective on Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Wall Street Zen cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $170.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, UBS Group reissued a “buy” rating and set a $162.00 target price on shares of Alibaba Group in a research report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Buy” and an average target price of $181.88.

Alibaba Group Trading Down 0.7%

Alibaba Group stock opened at $187.94 on Thursday. Alibaba Group has a one year low of $80.06 and a one year high of $192.67. The company’s fifty day moving average price is $140.65 and its two-hundred day moving average price is $126.04. The company has a market capitalization of $448.06 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.22 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds have recently made changes to their positions in the stock. Temasek Holdings Private Ltd increased its stake in Alibaba Group by 23.4% during the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after acquiring an additional 1,045,789 shares during the period. American Century Companies Inc. increased its position in shares of Alibaba Group by 52.1% during the first quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock valued at $303,215,000 after purchasing an additional 785,494 shares during the period. Causeway Capital Management LLC raised its stake in shares of Alibaba Group by 42.6% in the first quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock valued at $179,305,000 after purchasing an additional 404,842 shares in the last quarter. WCM Investment Management LLC bought a new position in Alibaba Group in the first quarter worth $4,074,000. Finally, KMG Fiduciary Partners LLC acquired a new stake in Alibaba Group during the first quarter worth $1,948,000. 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.