Morgan Stanley Cuts Alibaba Group (NYSE:BABA) Price Target to $110.00

Alibaba Group (NYSE:BABAGet Free Report) had its target price cut by investment analysts at Morgan Stanley from $150.00 to $110.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. Morgan Stanley’s target price indicates a potential upside of 39.05% from the stock’s previous close.

BABA has been the topic of a number of other research reports. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Alibaba Group in a research note on Tuesday, October 10th. Barclays decreased their price objective on Alibaba Group from $144.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. HSBC reduced their price target on Alibaba Group from $142.00 to $135.00 in a research report on Monday, October 9th. Citigroup dropped their price objective on shares of Alibaba Group from $151.00 to $147.00 in a research note on Monday, October 9th. Finally, UBS Group reiterated a “buy” rating and issued a $127.00 target price (up from $120.00) on shares of Alibaba Group in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group has an average rating of “Buy” and a consensus price target of $134.21.

Read Our Latest Report on BABA

Alibaba Group Stock Performance

Shares of BABA stock opened at $79.11 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.92. The business has a fifty day moving average of $84.79 and a 200 day moving average of $87.63. The firm has a market capitalization of $202.98 billion, a price-to-earnings ratio of 17.01 and a beta of 0.67. Alibaba Group has a 1 year low of $74.58 and a 1 year high of $121.30.

Alibaba Group (NYSE:BABAGet Free Report) last released its earnings results on Thursday, November 16th. The specialty retailer reported $15.63 EPS for the quarter, topping analysts’ consensus estimates of $15.28 by $0.35. Alibaba Group had a return on equity of 12.55% and a net margin of 9.45%. The firm had revenue of $224.79 billion during the quarter, compared to the consensus estimate of $224.48 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. As a group, research analysts expect that Alibaba Group will post 7.99 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Wolff Wiese Magana LLC increased its stake in Alibaba Group by 21.2% during the 2nd quarter. Wolff Wiese Magana LLC now owns 630 shares of the specialty retailer’s stock worth $53,000 after buying an additional 110 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Alibaba Group by 1.9% during the second quarter. Capital Investment Advisory Services LLC now owns 6,166 shares of the specialty retailer’s stock worth $514,000 after purchasing an additional 112 shares in the last quarter. Alta Capital Management LLC raised its stake in Alibaba Group by 3.9% in the 2nd quarter. Alta Capital Management LLC now owns 3,114 shares of the specialty retailer’s stock valued at $260,000 after purchasing an additional 117 shares during the last quarter. RDA Financial Network lifted its holdings in Alibaba Group by 0.6% in the 2nd quarter. RDA Financial Network now owns 20,446 shares of the specialty retailer’s stock valued at $1,704,000 after purchasing an additional 120 shares in the last quarter. Finally, Liberty One Investment Management LLC boosted its stake in Alibaba Group by 1.8% during the 1st quarter. Liberty One Investment Management LLC now owns 6,887 shares of the specialty retailer’s stock worth $704,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 14.22% of the company’s stock.

Alibaba Group Company Profile

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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.

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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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