JPMorgan Chase & Co. Lowers Alibaba Group (NYSE:BABA) Price Target to $125.00

Alibaba Group (NYSE:BABA) had its target price dropped by analysts at JPMorgan Chase & Co. from $150.00 to $125.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 61.46% from the stock’s current price.

Other analysts also recently issued reports about the stock. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Alibaba Group in a research report on Tuesday, October 10th. Susquehanna reiterated a “positive” rating and set a $160.00 price target on shares of Alibaba Group in a research report on Thursday, August 31st. DZ Bank raised Alibaba Group from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, August 11th. StockNews.com initiated coverage on Alibaba Group in a research note on Thursday, October 5th. They set a “buy” rating for the company. Finally, Citigroup dropped their price target on shares of Alibaba Group from $151.00 to $147.00 in a research report on Monday, October 9th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $133.60.

Alibaba Group Stock Performance

BABA traded down $1.69 on Friday, hitting $77.42. 16,738,618 shares of the company’s stock were exchanged, compared to its average volume of 19,282,615. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $84.79 and a two-hundred day moving average of $87.63. Alibaba Group has a twelve month low of $74.58 and a twelve month high of $121.30. The firm has a market cap of $198.64 billion, a PE ratio of 16.65 and a beta of 0.67.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, November 16th. The specialty retailer reported $15.63 earnings per share for the quarter, topping the consensus estimate of $15.28 by $0.35. The firm had revenue of $224.79 billion for the quarter, compared to analyst estimates of $224.48 billion. Alibaba Group had a return on equity of 12.55% and a net margin of 9.45%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. On average, research analysts anticipate that Alibaba Group will post 7.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC acquired a new position in shares of Alibaba Group in the 3rd quarter worth approximately $26,000. Brown Shipley& Co Ltd grew its position in Alibaba Group by 3.2% in the second quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 202 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in Alibaba Group during the third quarter worth $27,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Alibaba Group by 116.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group in the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 14.22% 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.