Economy

Susquehanna Says That Alibaba Group Holding (NYSE:BABA) Has $220 Stock Target

Susquehanna Says That Alibaba Group Holding (NYSE:BABA) Has $220 Stock Target

The company has market cap of $23.01 billion. It has a 139.94 P/E ratio. It provides fusion products that are used in cervical, thoracolumbar, sacral, and interbody/corpectomy fusion procedures to treat degenerative, deformity, tumor, and trauma conditions.

Shares of Alibaba Group Holding Ltd (NYSE BABA) opened at 124.13 on Monday. Green Court Capital Management Ltd bought a new position in shares of Alibaba Group during the 2nd quarter valued at $181,098,000. Alibaba Group Hldg Ltd now has $449.59 billion valuation. The stock increased 1.35% or $2.326 during the last trading session, reaching $174.956. The institutional investor held 6.91 million shares of the business services company at the end of 2017Q2, valued at $973.70 million, down from 6.99 million at the end of the previous reported quarter. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $191.75. It has outperformed by 40.63% the S&P500. The stock increased 10.95% or $3.45 during the last trading session, reaching $34.95. About 9.30M shares traded or 17.36% up from the average. Globus Medical, Inc. (GMED) has risen 30.88% since December 7, 2016 and is uptrending. The firm earned "Outperform" rating on Thursday, July 14 by Oppenheimer.

Birch Run Capital Advisors Lp holds 4.09% of its portfolio in Chatham Lodging Trust for 473,974 shares. Jennison Associates LLC now owns 22,516,980 shares of the specialty retailer's stock valued at $2,382,071,000 after buying an additional 5,496,854 shares during the last quarter. Sensato Investors Llc acquired 122,061 shares as Lam Research Corp (LRCX)'s stock rose 32.64%. The California-based Fuller & Thaler Asset Management Inc. has invested 0.87% in the stock. D E Shaw And Communication, New York-based fund reported 160,244 shares.

Ratings analysis reveals 50% of Globus Medical's analysts are positive. The firm has "Buy" rating given on Friday, April 15 by Needham. The firm has "Outperform" rating by RBC Capital Markets given on Thursday, November 3. Stifel Nicolaus upgraded the shares of CONN in report on Wednesday, September 21 to "Buy" rating.

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Analysts await Globus Medical, Inc. Rocky Mountain Advisers Ltd Liability Corporation reported 0.42% of its portfolio in Schlumberger Limited (NYSE:SLB). Its down 10.22% from 30.74 million shares previously. TEVA's profit will be $914.39M for 3.98 P/E if the $0.90 EPS becomes a reality. After $0.30 actual EPS reported by Globus Medical, Inc. for the previous quarter, Wall Street now forecasts 13.33% EPS growth.

Sensato Investors Llc decreased Sk Telecom Ltd (NYSE:SKM) stake by 39,600 shares to 528,900 valued at $13.58M in 2017Q2. It also reduced Activision Blizzard Inc (NASDAQ:ATVI) stake by 11,700 shares and now owns 619,100 shares. Rudolph Technologies Inc (NYSE:RTEC) was reduced too. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. Therefore 95% are positive. Alibaba had 155 analyst reports since August 12, 2015 according to SRatingsIntel. As per Monday, April 25, the company rating was maintained by Deutsche Bank.

Platinum Investment Management Ltd. boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 18.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned "Buy" rating by Needham on Thursday, June 8. Oppenheimer maintained the shares of CTRP in report on Wednesday, August 5 with "Outperform" rating. Daiwa Securities maintained the shares of BABA in report on Wednesday, September 28 with "Buy" rating. M Partners maintained it with "Buy" rating and $220 target in Wednesday, August 23 report. The company has a consensus rating of "Buy" and a consensus price target of $185.14. KeyBanc Capital Markets maintained the stock with "Overweight" rating in Friday, August 18 report. UBS maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Friday, August 18. Finally, Zacks Investment Research upgraded Alibaba Group from a "hold" rating to a "buy" rating and set a $211.00 price target on the stock in a research note on Wednesday, November 8th. They expect $1.45 EPS, up 33.03% or $0.36 from last year's $1.09 per share. "Grows Holdings in Alibaba Group Holding Limited (BABA)" was first posted by TrueBlueTribune and is the property of of TrueBlueTribune.


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