Alibaba Group’s (BABA) Buy Rating Reaffirmed at Mizuho

Mizuho reiterated their buy rating on shares of Alibaba Group (NYSE:BABA) in a research note published on Wednesday morning, Benzinga reports. They currently have a $95.00 target price on the specialty retailer’s stock.

Other analysts have also recently issued reports about the stock. Susquehanna reduced their price objective on shares of Alibaba Group from $150.00 to $135.00 and set a positive rating for the company in a research note on Thursday, February 8th. Barclays reduced their price target on shares of Alibaba Group from $138.00 to $109.00 and set an overweight rating on the stock in a report on Friday, January 12th. Robert W. Baird reduced their price target on shares of Alibaba Group from $95.00 to $90.00 and set an outperform rating on the stock in a report on Friday, January 19th. Benchmark dropped their price objective on shares of Alibaba Group from $150.00 to $128.00 and set a buy rating for the company in a research note on Tuesday, January 9th. Finally, The Goldman Sachs Group dropped their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a buy rating for the company in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $115.44.

Alibaba Group Price Performance

Shares of BABA opened at $72.36 on Wednesday. The stock has a market cap of $183.61 billion, a PE ratio of 13.35 and a beta of 0.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. Alibaba Group has a fifty-two week low of $66.63 and a fifty-two week high of $105.05. The firm’s 50-day simple moving average is $73.53 and its two-hundred day simple moving average is $77.57.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The company had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $2.44 EPS. Analysts anticipate that Alibaba Group will post 7.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

Several large investors have recently modified their holdings of BABA. HighPoint Advisor Group LLC bought a new position in shares of Alibaba Group during the 4th quarter worth approximately $2,736,000. Accent Capital Management LLC acquired a new position in Alibaba Group during the 4th quarter valued at approximately $233,000. Leo Wealth LLC purchased a new stake in shares of Alibaba Group in the 4th quarter valued at $1,734,000. MONECO Advisors LLC purchased a new stake in shares of Alibaba Group in the 4th quarter valued at $388,000. Finally, Sivia Capital Partners LLC purchased a new stake in Alibaba Group during the fourth quarter worth $257,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.