Alibaba Group (BABA) Now Covered by Susquehanna Bancshares
Equities research analysts at Susquehanna Bancshares began coverage on shares of Alibaba Group (NYSE:BABA) in a note issued to investors on Wednesday. The brokerage set a “positive” rating and a $220.00 price target on the specialty retailer’s stock. Susquehanna Bancshares’ target price suggests a potential upside of 28.69% from the company’s current price.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a report on Monday. Vetr upgraded shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 price target on the stock in a report on Wednesday, November 29th. Oppenheimer restated a “buy” rating and set a $220.00 price target (up previously from $200.00) on shares of Alibaba Group in a report on Monday, November 6th. SunTrust Banks restated a “buy” rating and set a $210.00 price target on shares of Alibaba Group in a report on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating on shares of Alibaba Group in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $185.14.
Alibaba Group (BABA) traded up $1.99 during mid-day trading on Wednesday, hitting $170.95. 5,494,921 shares of the stock were exchanged, compared to its average volume of 15,261,055. Alibaba Group has a twelve month low of $86.01 and a twelve month high of $191.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market capitalization of $434,256.47, a price-to-earnings ratio of 49.29, a P/E/G ratio of 1.28 and a beta of 2.52.
A number of hedge funds have recently bought and sold shares of the business. AXA grew its position in Alibaba Group by 8.8% in the third quarter. AXA now owns 802,486 shares of the specialty retailer’s stock worth $138,597,000 after acquiring an additional 64,589 shares in the last quarter. Wagner Bowman Management Corp bought a new stake in shares of Alibaba Group during the 3rd quarter worth $202,000. Shelton Capital Management bought a new stake in shares of Alibaba Group during the 3rd quarter worth $1,591,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Alibaba Group during the 3rd quarter worth $12,310,000. Finally, Optimum Investment Advisors bought a new stake in shares of Alibaba Group during the 3rd quarter worth $266,000. 38.13% of the stock is owned by institutional investors.
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Alibaba Group Company Profile
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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