Alibaba Group (BABA) Earns “Buy” Rating from Benchmark

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Benchmark reissued their buy rating on shares of Alibaba Group (NYSE:BABA) in a research note issued to investors on Thursday, Briefing.com Automated Import reports. The firm currently has a $220.00 price objective on the specialty retailer’s stock, up from their prior price objective of $205.00.

Several other analysts have also recently commented on the company. Stifel Nicolaus upped their target price on Alibaba Group from $200.00 to $220.00 and gave the company a buy rating in a report on Thursday. Mizuho increased their price target on Alibaba Group from $215.00 to $225.00 and gave the stock a buy rating in a report on Thursday. SunTrust Banks restated a buy rating and set a $200.00 price target on shares of Alibaba Group in a report on Wednesday, May 15th. TH Capital increased their price target on Alibaba Group from $180.00 to $220.00 in a report on Monday, May 13th. Finally, KeyCorp restated an overweight rating and set a $240.00 price target (up from $210.00) on shares of Alibaba Group in a report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Alibaba Group has an average rating of Buy and an average target price of $216.67.

Shares of BABA stock opened at $169.57 on Thursday. Alibaba Group has a one year low of $129.77 and a one year high of $211.70. The company has a market capitalization of $434.29 billion, a P/E ratio of 47.23, a P/E/G ratio of 1.40 and a beta of 2.27. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The business had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. During the same period in the prior year, the business posted $5.73 earnings per share. The firm’s revenue was up 51.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Alibaba Group will post 4.88 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Alibaba Group by 5.9% during the first quarter. BlackRock Inc. now owns 71,703,442 shares of the specialty retailer’s stock worth $13,082,292,000 after purchasing an additional 3,969,960 shares during the period. Baillie Gifford & Co. raised its position in shares of Alibaba Group by 3.6% during the first quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock worth $8,945,169,000 after purchasing an additional 1,716,763 shares during the period. Vanguard Group Inc raised its position in shares of Alibaba Group by 2.3% during the third quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after purchasing an additional 849,659 shares during the period. FMR LLC raised its position in Alibaba Group by 11.0% in the 1st quarter. FMR LLC now owns 20,955,847 shares of the specialty retailer’s stock valued at $3,823,395,000 after buying an additional 2,070,115 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Alibaba Group by 15.5% in the 1st quarter. Wellington Management Group LLP now owns 17,150,380 shares of the specialty retailer’s stock valued at $3,129,088,000 after buying an additional 2,301,412 shares during the last quarter. 40.49% of the stock is currently owned by institutional investors.

Alibaba Group Company Profile

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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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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