Deutsche Bank Analysts Give Alibaba Group (BABA) a $189.00 Price Target
Deutsche Bank set a $189.00 price objective on Alibaba Group (NYSE:BABA) in a report issued on Wednesday, The Fly reports. The brokerage currently has a buy rating on the specialty retailer’s stock.
BABA has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Alibaba Group from a hold rating to a sell rating in a report on Tuesday, July 10th. Wells Fargo & Co lifted their price objective on shares of Alibaba Group from $230.00 to $250.00 and gave the stock an outperform rating in a report on Thursday, June 14th. Nomura cut their price objective on shares of Alibaba Group from $231.00 to $224.00 and set a buy rating on the stock in a report on Friday, August 24th. UBS Group set a $245.00 price objective on shares of Alibaba Group and gave the stock a buy rating in a report on Friday, August 24th. Finally, Raymond James cut their price objective on shares of Alibaba Group from $300.00 to $280.00 and set a strong-buy rating on the stock in a report on Thursday, August 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-seven have assigned a buy rating and three have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $225.34.
BABA opened at $147.29 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The firm has a market cap of $421.98 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 1.20 and a beta of 2.41. Alibaba Group has a 1 year low of $135.14 and a 1 year high of $211.70.
Several large investors have recently modified their holdings of the stock. Duncker Streett & Co. Inc. raised its stake in Alibaba Group by 195.1% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock valued at $112,000 after acquiring an additional 400 shares during the period. Stelac Advisory Services LLC bought a new stake in Alibaba Group in the 2nd quarter valued at about $116,000. Quattro Financial Advisors LLC bought a new stake in Alibaba Group in the 1st quarter valued at about $125,000. Clarus Wealth Advisors bought a new stake in Alibaba Group in the 2nd quarter valued at about $125,000. Finally, American National Bank raised its stake in Alibaba Group by 55.8% in the 2nd quarter. American National Bank now owns 796 shares of the specialty retailer’s stock valued at $148,000 after acquiring an additional 285 shares during the period. 38.64% of the stock is currently owned by institutional investors.
About Alibaba Group
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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