Alibaba Group Holding Ltd (BABA) Given Average Rating of “Buy” by Brokerages

Shares of Alibaba Group Holding Ltd (NYSE:BABA) have received an average rating of “Buy” from the thirty-five analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, twenty-seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $128.78.

Several brokerages recently weighed in on BABA. Barclays PLC lifted their price target on Alibaba Group Holding from $132.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday. Goldman Sachs Group Inc restated a “conviction-buy” rating and issued a $142.00 price target on shares of Alibaba Group Holding in a research note on Friday. Stifel Nicolaus restated a “buy” rating and issued a $139.00 price target (up previously from $120.00) on shares of Alibaba Group Holding in a research note on Friday. Robert W. Baird reiterated an “outperform” rating and set a $135.00 price objective (up from $116.00) on shares of Alibaba Group Holding in a research note on Friday. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $151.00 price objective (up from $144.00) on shares of Alibaba Group Holding in a research note on Friday.

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Alibaba Group Holding (NYSE:BABA) opened at 123.22 on Monday. The firm has a 50-day moving average price of $114.81 and a 200 day moving average price of $102.16. The company has a market cap of $306.20 billion, a P/E ratio of 56.73 and a beta of 2.73. Alibaba Group Holding has a 52 week low of $73.30 and a 52 week high of $126.40.

Alibaba Group Holding (NYSE:BABA) last announced its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Alibaba Group Holding had a net margin of 26.56% and a return on equity of 14.88%. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. Analysts expect that Alibaba Group Holding will post $4.25 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Wilbanks Smith & Thomas Asset Management LLC raised its position in shares of Alibaba Group Holding by 0.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock valued at $276,000 after buying an additional 23 shares during the last quarter. Comerica Securities Inc. raised its position in shares of Alibaba Group Holding by 1.9% in the first quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock valued at $272,000 after buying an additional 47 shares during the last quarter. WFG Advisors LP raised its position in shares of Alibaba Group Holding by 5.3% in the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 59 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Alibaba Group Holding by 2.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 2,490 shares of the specialty retailer’s stock valued at $219,000 after buying an additional 60 shares during the last quarter. Finally, Ruggie Capital Group raised its position in shares of Alibaba Group Holding by 2.2% in the third quarter. Ruggie Capital Group now owns 3,393 shares of the specialty retailer’s stock valued at $359,000 after buying an additional 74 shares during the last quarter. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

12 Month Chart for NYSE:BABA

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