Barclays Increases Alibaba Group (NYSE:BABA) Price Target to $180.00

Alibaba Group (NYSE:BABA) had its target price boosted by analysts at Barclays from $130.00 to $180.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s target price would suggest a potential upside of 32.10% from the company’s current price.

BABA has been the subject of several other research reports. Mizuho increased their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Bank of America increased their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird boosted their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. Finally, Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.36.

Alibaba Group Stock Up 8.3 %

Shares of NYSE:BABA opened at $136.26 on Friday. Alibaba Group has a 12-month low of $68.36 and a 12-month high of $144.51. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average price is $94.31 and its 200-day moving average price is $92.42. The stock has a market capitalization of $323.74 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. On average, equities analysts anticipate that Alibaba Group will post 7.86 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Concord Wealth Partners raised its holdings in Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the third quarter valued at $36,000. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group during the fourth quarter valued at $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group during the fourth quarter valued at $32,000. Finally, Assetmark Inc. raised its position in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the last quarter. 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.