Alibaba Group Holding Limited (BABA) PT Raised to $180.00

Alibaba Group Holding Limited (NYSE:BABA) had its target price lifted by Stifel Nicolaus from $165.00 to $180.00 in a research report report published on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

A number of other brokerages also recently commented on BABA. Benchmark Co. began coverage on shares of Alibaba Group Holding Limited in a research note on Tuesday, April 18th. They issued a buy rating and a $140.00 price objective for the company. MKM Partners reissued a buy rating and issued a $130.00 price objective on shares of Alibaba Group Holding Limited in a research note on Tuesday, April 18th. Standpoint Research downgraded shares of Alibaba Group Holding Limited from a buy rating to a reduce rating in a research note on Thursday, April 20th. They noted that the move was a valuation call. Vetr downgraded shares of Alibaba Group Holding Limited from a strong-buy rating to a buy rating and set a $131.78 price objective for the company. in a research note on Tuesday, May 2nd. Finally, Needham & Company LLC boosted their price objective on shares of Alibaba Group Holding Limited from $125.00 to $135.00 and gave the stock a buy rating in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $157.29.

Alibaba Group Holding Limited (BABA) opened at 167.50 on Tuesday. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $169.50. The stock has a 50 day moving average price of $152.41 and a 200 day moving average price of $124.57. The company has a market cap of $423.78 billion, a price-to-earnings ratio of 66.28 and a beta of 2.64. Alibaba Group Holding Limited also was the recipient of some unusual options trading on Wednesday. Investors purchased 85,508 put options on the company. This represents an increase of approximately 228% compared to the average daily volume of 26,062 put options.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The firm had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 17.42% and a net margin of 28.77%. During the same quarter in the previous year, the business earned $0.74 earnings per share. Analysts anticipate that Alibaba Group Holding Limited will post $4.74 earnings per share for the current fiscal year.

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Alibaba Group Holding Limited announced that its board has initiated a stock repurchase program on Thursday, May 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Large investors have recently bought and sold shares of the company. Rothschild Investment Corp IL purchased a new stake in Alibaba Group Holding Limited during the first quarter valued at about $250,000. Sanders Morris Harris Inc. purchased a new stake in Alibaba Group Holding Limited during the first quarter valued at about $447,000. Columbus Circle Investors purchased a new stake in Alibaba Group Holding Limited during the first quarter valued at about $1,416,000. DnB Asset Management AS raised its stake in Alibaba Group Holding Limited by 33.2% in the first quarter. DnB Asset Management AS now owns 193,004 shares of the specialty retailer’s stock valued at $20,812,000 after buying an additional 48,054 shares during the last quarter. Finally, Reliance Trust Co. of Delaware raised its stake in Alibaba Group Holding Limited by 31.5% in the first quarter. Reliance Trust Co. of Delaware now owns 10,216 shares of the specialty retailer’s stock valued at $1,101,000 after buying an additional 2,448 shares during the last quarter. 36.81% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Holding Limited 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.

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

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