Alibaba Group (NYSE:BABA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Alibaba Group (NYSE:BABA) had its price target upped by JPMorgan Chase & Co. from $125.00 to $170.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 18.33% from the stock’s current price.

BABA has been the subject of several other research reports. Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Bank of America boosted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus price target of $131.93.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $143.67 on Friday. The business’s 50-day moving average price is $95.43 and its two-hundred day moving average price is $92.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. Alibaba Group has a one year low of $68.36 and a one year high of $145.30. The company has a market capitalization of $341.36 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. The firm had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Analysts anticipate that Alibaba Group will post 7.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Several large investors have recently added to or reduced their stakes in the company. Concord Wealth Partners grew its stake in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Highline Wealth Partners LLC bought a new stake in Alibaba Group during the 3rd quarter worth approximately $36,000. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new position in Alibaba Group in the 4th quarter valued at $32,000. Finally, Assetmark Inc. boosted its position in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. Institutional investors and hedge funds 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.