Alibaba Group (BABA) Stock Rating Reaffirmed by Nomura
Alibaba Group (NYSE:BABA)‘s stock had its “buy” rating reissued by stock analysts at Nomura in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a $219.00 price target on the specialty retailer’s stock, down from their previous price target of $221.00. Nomura’s price target would indicate a potential upside of 14.78% from the stock’s previous close.
Other analysts also recently issued reports about the company. reiterated a “buy” rating and set a $204.00 target price (up from $184.00) on shares of Alibaba Group in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Monday, October 9th. MKM Partners restated a “buy” rating and issued a $220.00 price objective on shares of Alibaba Group in a research report on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and issued a $190.00 price objective on shares of Alibaba Group in a research report on Sunday, October 1st. Finally, Jefferies Group restated a “buy” rating and issued a $160.00 price objective on shares of Alibaba Group in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. Alibaba Group has an average rating of “Buy” and an average target price of $186.06.
Alibaba Group (BABA) traded up $0.47 on Tuesday, reaching $190.80. The company’s stock had a trading volume of 19,492,663 shares, compared to its average volume of 20,810,000. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. The stock has a market capitalization of $488,670.00, a P/E ratio of 52.71, a price-to-earnings-growth ratio of 1.44 and a beta of 2.52. Alibaba Group has a one year low of $93.31 and a one year high of $192.49.
Institutional investors have recently modified their holdings of the company. AJO LP boosted its position in shares of Alibaba Group by 55.5% in the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after buying an additional 47,324 shares during the period. AXA boosted its position in Alibaba Group by 8.8% during the third quarter. AXA now owns 802,486 shares of the specialty retailer’s stock valued at $138,597,000 after purchasing an additional 64,589 shares during the last quarter. Dymon Asia Capital Ltd. acquired a new stake in Alibaba Group during the third quarter valued at $1,917,000. Coldstream Capital Management Inc. boosted its position in Alibaba Group by 39.8% during the third quarter. Coldstream Capital Management Inc. now owns 2,817 shares of the specialty retailer’s stock valued at $487,000 after purchasing an additional 802 shares during the last quarter. Finally, Pitcairn Co. acquired a new stake in Alibaba Group during the third quarter valued at $3,218,000. 37.94% of the stock is owned by institutional investors and hedge funds.
About Alibaba Group
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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