Mizuho Lowers Alibaba Group's Price Target from $120 to $100

Alibaba Group, a major global online and mobile commerce company, has undergone a reduction in its price objective as determined by Mizuho. The price target has been adjusted from $120.00 down to $100.00. Despite this cut, Mizuho maintains a 'buy' rating on the shares of the company, indicating a continued positive outlook on Alibaba's performance.

Analysts' Perspectives

Several financial analysts have recently offered their opinions on Alibaba Group's stock. Benchmark, another financial institution, has also revised its price target for Alibaba Group, bringing it down from $150.00 to $128.00, yet still recommends a 'buy'. Morgan Stanley, on the other hand, keeps an 'equal weight' rating but lowered their price target from $110.00 to $90.00. Susquehanna and Bank of America have similarly lessened their price objectives for Alibaba, with Susquehanna shifting from $160.00 to $150.00 and Bank of America from $142.00 to $136.00. Citigroup reduced their target price to $147.00. The majority of analysts, however, continue to endorse a 'buy' rating for the company's stock.

Financial Highlights

Alibaba Group's stock began trading at $68.92, with numerous financial metrics of note. The company reported a notable net margin of 14.49%, and a return on equity reaching 12.83%. The recent financial results exceeded expectations, with earnings per share of $15.63 in the last quarter, outdoing the forecast of $15.28. Alibaba's revenue also saw an 8.5% increase year-over-year.

Dividend Announcement

On the dividend front, Alibaba Group announced a payout to be dispersed on January 18th, with a dividend payout ratio holding at 13.57%.

Institutional Investor Activity

Alibaba Group has seen varying activities from hedge funds and institutional investors. Some firms increased their holdings in Alibaba shares, while others initiated new positions or adjusted their existing ones. The transactions reflect a variety of strategic moves amongst the investor community regarding Alibaba's stock.

About Alibaba Group

Alibaba Group operates an extensive range of services and platforms that cater to businesses and consumers worldwide. It provides key technology infrastructure and marketing reach, aiding in merchant and brand engagement with users. The company's business spans several segments, including commerce, consumer services, logistics (Cainiao), cloud computing, digital media, entertainment, and innovative projects.

Alibaba, Mizuho, Stock