UBS Group set a $220.00 price objective on Alibaba Group (NYSE:BABA) in a report published on Friday, The Fly reports. The firm 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 research report on Tuesday, July 10th. Wells Fargo & Co increased their target price on Alibaba Group from $230.00 to $250.00 and gave the stock an outperform rating in a research note on Thursday, June 14th. Nomura lowered their target price on Alibaba Group from $231.00 to $224.00 and set a buy rating for the company in a research note on Friday, August 24th. KeyCorp reissued a strong-buy rating on shares of Alibaba Group in a research note on Thursday. Finally, Raymond James lowered their target price on Alibaba Group from $300.00 to $280.00 and set a strong-buy rating for the company in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-seven have issued a buy rating and three have issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $225.34.

Shares of NYSE:BABA opened at $147.29 on Friday. The company has a market capitalization of $421.98 billion, a P/E ratio of 36.55, a PEG ratio of 1.20 and a beta of 2.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 1.44. Alibaba Group has a fifty-two week low of $135.14 and a fifty-two week high of $211.70.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). The firm had revenue of $12.23 billion during the quarter, compared to analyst estimates of $12.25 billion. Alibaba Group had a net margin of 20.57% and a return on equity of 14.18%. On average, analysts forecast that Alibaba Group will post 3.96 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of BABA. Hillhouse Capital Management Ltd. grew its stake in shares of Alibaba Group by 318.7% during the 2nd quarter. Hillhouse Capital Management Ltd. now owns 6,508,438 shares of the specialty retailer’s stock worth $1,207,511,000 after acquiring an additional 4,954,118 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Alibaba Group by 32.9% in the second quarter. Bank of America Corp DE now owns 10,608,066 shares of the specialty retailer’s stock valued at $1,968,114,000 after buying an additional 2,626,882 shares in the last quarter. BlackRock Inc. grew its stake in shares of Alibaba Group by 3.4% in the second quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock valued at $11,708,501,000 after buying an additional 2,077,793 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Alibaba Group by 20,210.4% in the second quarter. Cornerstone Wealth Management LLC now owns 1,532,621 shares of the specialty retailer’s stock valued at $8,224,000 after buying an additional 1,525,075 shares in the last quarter. Finally, Highbridge Capital Management LLC grew its stake in shares of Alibaba Group by 103.2% in the first quarter. Highbridge Capital Management LLC now owns 45,800 shares of the specialty retailer’s stock valued at $8,406,000 after buying an additional 1,498,620 shares in the last quarter. 38.64% of the stock is 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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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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