Alibaba Group Holding Limited (BABA) Stock Rating Reaffirmed by Atlantic Securities

Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “hold” rating reaffirmed by equities research analysts at Atlantic Securities in a research note issued on Friday.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $135.00 target price (up previously from $116.00) on shares of Alibaba Group Holding Limited in a research report on Friday, May 19th. MKM Partners reissued a “buy” rating and set a $130.00 price target on shares of Alibaba Group Holding Limited in a research report on Tuesday, April 18th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $140.00 price target (up previously from $130.00) on shares of Alibaba Group Holding Limited in a research report on Monday, May 22nd. Sanford C. Bernstein increased their price target on shares of Alibaba Group Holding Limited from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 24th. Finally, Instinet increased their price target on shares of Alibaba Group Holding Limited from $139.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $140.69.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at 151.23 on Friday. The company has a market cap of $382.61 billion, a price-to-earnings ratio of 60.49 and a beta of 2.62. The company’s 50-day moving average is $130.82 and its 200-day moving average is $110.09. Alibaba Group Holding Limited has a one year low of $80.60 and a one year high of $153.70.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.01. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period in the previous year, the company earned $0.47 EPS. On average, equities analysts predict that Alibaba Group Holding Limited will post $4.57 EPS for the current year.

Alibaba Group Holding Limited announced that its Board of Directors has authorized a stock buyback program on Thursday, May 18th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: “Alibaba Group Holding Limited (BABA) Stock Rating Reaffirmed by Atlantic Securities” was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://sportsperspectives.com/2017/07/18/alibaba-group-holding-limited-baba-stock-rating-reaffirmed-by-atlantic-securities.html.

Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Alibaba Group Holding Limited by 2,538.7% in the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock valued at $6,145,123,000 after buying an additional 54,829,289 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Alibaba Group Holding Limited by 87.4% in the second quarter. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer’s stock valued at $1,453,929,000 after buying an additional 4,813,431 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Alibaba Group Holding Limited by 69.2% in the first quarter. William Blair Investment Management LLC now owns 7,603,566 shares of the specialty retailer’s stock valued at $819,893,000 after buying an additional 3,110,026 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Alibaba Group Holding Limited by 10.4% in the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock valued at $2,332,996,000 after buying an additional 2,030,747 shares in the last quarter. Finally, Barings LLC bought a new stake in shares of Alibaba Group Holding Limited during the first quarter valued at $214,131,000. 36.24% of the stock is owned by hedge funds and other institutional investors.

About Alibaba Group Holding Limited

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.

Analyst Recommendations for Alibaba Group Holding Limited (NYSE:BABA)

Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply