Alibaba Group (BABA) Given New $240.00 Price Target at Raymond James Financial

An Alibaba Group sign at the fourth World Internet Conference in Wuzhen Zhejiang province China. The company's profits soared. Aly Song  Reuters
An Alibaba Group sign at the fourth World Internet Conference in Wuzhen Zhejiang province China. The company's profits soared. Aly Song Reuters
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05 February, 2018

It has underperformed by 8.92% the S&P500. The stock of Houlihan Lokey, Inc. The Meiji Yasuda Asset Management Company Ltd holds 43,410 shares with $7.50M value, up from 40,240 last quarter.

While looking at the Stock's Performance, Alibaba Group Holding Limited now shows a Weekly Performance of -3.08%, where Monthly Performance is 4.67%, Quarterly performance is 3.96%, 6 Months performance is 26.54% and yearly performance percentage is 89.25%. The stock increased 4.68% or $65.11 during the last trading session, reaching $1455.11. About 1.36 million shares traded.

Shares of Alibaba Group Holding Limited (BABA) moved 2.32% in the recent trading day. It has outperformed by 32.49% the S&P500.

Among 2 analysts covering Invacare Corporation (NYSE:IVC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 83% are positive. Alibaba had 161 analyst reports since August 12, 2015 according to SRatingsIntel. Citigroup maintained Constellium N.V (NYSE:CSTM) rating on Monday, October 5. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Alibaba Group in a research report on Thursday, October 5th. The company operates in the Consumer Cyclical sector with a market capitalization of 505.65 Million. On Wednesday, August 12 the stock rating was downgraded by Wedbush to "Neutral". M Partners maintained Alibaba Group Holding Limited (NYSE:BABA) on Wednesday, August 26 with "Buy" rating.

Alibaba Group Holding Limited (NYSE:BABA) touched its 1-Year High price of $206.20 on 01/31/18 and its 1-Year Low price of $100.02 on 02/06/17.

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Other equities research analysts also recently issued research reports about the stock. reiterated a "buy" rating and set a $204.00 price target (up previously from $184.00) on shares of Alibaba Group in a research note on Tuesday, October 10th. Competition Is Coming for Alibaba Group Holding Ltd Stock" published on January 24, 2018 as well as Investorplace.com's news article titled: "3 Ways Alibaba Group Holding Ltd Stock Gets to $400" with publication date: "January 25, 2018. The rating was maintained by Credit Suisse on Friday, May 6 with "Outperform".

"Additional margin pressure looms from Alibaba's investments in offline retail and fast growth at its money-losing cloud computing, entertainment and worldwide retail businesses", wrote Bloomberg Intelligence analyst Ling Vey-Sern in a research note. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 106,604 shares in the quarter, leaving it with 809,993 shares, and cut its stake in Charter Communications Inc N.

Daniel Zhang, Chief Executive Officer of Alibaba Group, said, "This transaction is a noteworthystep for Alibaba to enhance our long-term planned relationship with Ant Financial as we continue to pursue our mission to make it easy to do business anywhere".

The firm has current ratio of 1.70 that indicates firm has capacity of total assets to cover its short-term and long term obligations. Oppenheimer analyst J. Helfstein now expects that the specialty retailer will post earnings per share of $4.51 for the year, up from their previous estimate of $4.34. The rating was maintained by Stifel Nicolaus with "Buy" on Thursday, September 22. The firm has "Buy" rating given on Monday, December 18 by Rosenblatt. The rating was maintained by Deutsche Bank on Friday, June 30 with "Buy". Barclays Capital initiated the stock with "Overweight" rating in Wednesday, March 29 report. (NYSE:AIR) on Tuesday, January 16 with "Buy" rating. The firm earned "Hold" rating on Friday, July 28 by Guggenheim. First Manhattan invested in 4,593 shares or 0.03% of the stock. Its down 0.24, from 1.21 in 2017Q2. 18 funds opened positions while 48 raised stakes. Shares for $2.05 million were sold by Blackburn Jeffrey M. Grantham Mayo Van Otterloo And Ltd Com has 9,000 shares for 0% of their portfolio. Mason Street Advsr Ltd reported 0.01% stake. Louisiana State Employees Retirement Sys holds 13,000 shares or 0.02% of its portfolio. Pinebridge Invests L P holds 59,667 shares or 0.02% of its portfolio.


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