TH Capital Increases Alibaba Group (BABA) Price Target to $220.00

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Alibaba Group (NYSE:BABA) had its target price lifted by TH Capital from $180.00 to $220.00 in a research note published on Monday morning, The Fly reports.

Other research analysts have also issued research reports about the company. Sanford C. Bernstein reiterated a mkt perform rating on shares of Alibaba Group in a research report on Monday, January 14th. HSBC lifted their price target on Alibaba Group from $177.00 to $190.00 and gave the stock a buy rating in a research report on Monday, January 14th. Zacks Investment Research lowered Alibaba Group from a hold rating to a sell rating in a research report on Wednesday, January 16th. KeyCorp set a $200.00 price target on Alibaba Group and gave the stock a buy rating in a research report on Wednesday, January 23rd. Finally, SunTrust Banks reiterated a buy rating and issued a $200.00 price target (up previously from $180.00) on shares of Alibaba Group in a research report on Thursday, January 31st. One equities research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $216.67.

Shares of Alibaba Group stock opened at $175.57 on Monday. The stock has a market cap of $435.42 billion, a PE ratio of 43.57, a PEG ratio of 1.41 and a beta of 2.27. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Alibaba Group has a twelve month low of $129.77 and a twelve month high of $211.70.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $7.82. The firm had revenue of $93.50 billion during the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The business’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.73 earnings per share. Analysts anticipate that Alibaba Group will post 3.67 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in BABA. Norges Bank bought a new stake in Alibaba Group in the fourth quarter worth about $1,734,020,000. BlackRock Inc. lifted its stake in Alibaba Group by 7.4% in the fourth quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after purchasing an additional 4,674,615 shares during the last quarter. Investec Asset Management LTD lifted its stake in Alibaba Group by 87.4% in the first quarter. Investec Asset Management LTD now owns 5,335,580 shares of the specialty retailer’s stock worth $973,477,000 after purchasing an additional 2,488,530 shares during the last quarter. Wellington Management Group LLP lifted its stake in Alibaba Group by 15.5% in the first quarter. Wellington Management Group LLP now owns 17,150,380 shares of the specialty retailer’s stock worth $3,129,088,000 after purchasing an additional 2,301,412 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Alibaba Group by 40.4% in the fourth quarter. Legal & General Group Plc now owns 7,770,872 shares of the specialty retailer’s stock worth $1,065,152,000 after purchasing an additional 2,234,676 shares during the last quarter. 40.49% of the stock is owned by institutional investors and hedge funds.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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