Alibaba Group (NYSE:BABA) had its price objective dropped by investment analysts at KeyCorp from $235.00 to $220.00 in a report issued on Friday, MarketBeat reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. KeyCorp’s price target suggests a potential upside of 26.27% from the company’s previous close.

A number of other equities research analysts also recently issued reports on BABA. ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Oppenheimer increased their price target on Alibaba Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, May 7th. Stifel Nicolaus increased their price target on Alibaba Group from $260.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, May 7th. Benchmark reissued a “buy” rating and set a $245.00 price target on shares of Alibaba Group in a research report on Monday, May 7th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $220.00 price target on shares of Alibaba Group in a research report on Monday, May 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group currently has an average rating of “Buy” and an average target price of $228.77.

Shares of NYSE BABA opened at $174.23 on Friday. The company has a market cap of $455.50 billion, a PE ratio of 43.23, a PEG ratio of 1.16 and a beta of 2.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.89 and a current ratio of 1.89. Alibaba Group has a 1-year low of $164.25 and a 1-year high of $211.70.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vicus Capital raised its position in Alibaba Group by 11.8% during the 1st quarter. Vicus Capital now owns 2,465 shares of the specialty retailer’s stock worth $452,000 after purchasing an additional 260 shares during the last quarter. KCM Investment Advisors LLC raised its position in Alibaba Group by 14.3% during the 1st quarter. KCM Investment Advisors LLC now owns 2,151 shares of the specialty retailer’s stock worth $395,000 after purchasing an additional 269 shares during the last quarter. RNC Capital Management LLC raised its position in Alibaba Group by 16.9% during the 2nd quarter. RNC Capital Management LLC now owns 1,905 shares of the specialty retailer’s stock worth $353,000 after purchasing an additional 275 shares during the last quarter. Private Asset Management Inc. raised its position in Alibaba Group by 0.9% during the 2nd quarter. Private Asset Management Inc. now owns 30,193 shares of the specialty retailer’s stock worth $5,542,000 after purchasing an additional 276 shares during the last quarter. Finally, First United Bank Trust raised its position in Alibaba Group by 4.9% during the 2nd quarter. First United Bank Trust now owns 5,942 shares of the specialty retailer’s stock worth $1,102,000 after purchasing an additional 280 shares during the last quarter. 38.03% 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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