Susquehanna Cuts Alibaba Group (NYSE:BABA) Price Target to $170.00

Alibaba Group (NYSE:BABAFree Report) had its target price reduced by Susquehanna from $190.00 to $170.00 in a report issued on Thursday morning,Benzinga reports. Susquehanna currently has a positive rating on the specialty retailer’s stock.

Several other equities research analysts have also recently commented on BABA. Sanford C. Bernstein cut their target price on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. DZ Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price target for the company. in a research note on Friday, March 20th. Loop Capital set a $140.00 price objective on shares of Alibaba Group in a report on Tuesday, January 6th. Argus raised shares of Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th. Finally, Robert W. Baird decreased their target price on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.89.

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Alibaba Group Stock Down 2.2%

BABA stock opened at $122.71 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $292.96 billion, a P/E ratio of 23.15, a P/E/G ratio of 3.11 and a beta of 0.43. Alibaba Group has a fifty-two week low of $95.73 and a fifty-two week high of $192.67. The business has a 50-day moving average of $149.79 and a 200-day moving average of $158.02.

Institutional Investors Weigh In On Alibaba Group

Large investors have recently made changes to their positions in the stock. Ameriflex Group Inc. increased its holdings in Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after buying an additional 72 shares during the last quarter. Mather Group LLC. bought a new position in shares of Alibaba Group in the 3rd quarter valued at about $30,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Alibaba Group in the 3rd quarter valued at about $30,000. NBT Bank N A NY increased its stake in shares of Alibaba Group by 231.5% during the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 125 shares during the last quarter. Finally, Palisade Asset Management LLC bought a new stake in shares of Alibaba Group in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Key Headlines Impacting Alibaba Group

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Alibaba Group Company Profile

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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