Alibaba Group (NYSE:BABA) had its price objective trimmed by Raymond James from $300.00 to $280.00 in a report released on Thursday morning. The firm currently has a strong-buy rating on the specialty retailer’s stock.

Other analysts also recently issued reports about the company. Argus began coverage on Alibaba Group in a report on Monday, June 25th. They set a buy rating and a $275.00 price objective for the company. Susquehanna Bancshares restated a positive rating and set a $305.00 price objective on shares of Alibaba Group in a report on Monday, July 9th. Wells Fargo & Co restated a buy rating on shares of Alibaba Group in a report on Wednesday, July 11th. MKM Partners upped their price objective on Alibaba Group from $260.00 to $280.00 and gave the stock a buy rating in a report on Friday, May 18th. Finally, BNP Paribas began coverage on Alibaba Group in a report on Thursday, June 14th. They set a buy rating for the company. One 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 company. Alibaba Group presently has an average rating of Buy and a consensus price target of $231.57.

BABA stock opened at $172.78 on Thursday. The firm has a market cap of $461.03 billion, a PE ratio of 42.87, a PEG ratio of 1.15 and a beta of 2.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.89 and a quick ratio of 1.89. Alibaba Group has a 52 week low of $164.10 and a 52 week high of $211.70.

Institutional investors have recently made changes to their positions in the stock. Altman Advisors Inc. purchased a new stake in Alibaba Group during the 2nd quarter worth $1,772,000. Bray Capital Advisors purchased a new position in Alibaba Group in the 1st quarter valued at about $202,000. Boston Advisors LLC boosted its position in Alibaba Group by 1,053.1% in the 2nd quarter. Boston Advisors LLC now owns 129,724 shares of the specialty retailer’s stock valued at $24,068,000 after buying an additional 118,474 shares during the last quarter. Castleview Partners LLC purchased a new position in Alibaba Group in the 1st quarter valued at about $400,000. Finally, Shine Investment Advisory Services Inc. boosted its position in Alibaba Group by 55.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,117 shares of the specialty retailer’s stock valued at $207,000 after buying an additional 400 shares during the last quarter. 38.01% of the stock is owned by hedge funds and other 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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