Alibaba Group Holding Limited (BABA) Upgraded to Strong-Buy at BidaskClub

Alibaba Group Holding Limited (NYSE:BABA) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also weighed in on BABA. Needham & Company LLC lifted their price objective on shares of Alibaba Group Holding Limited from $155.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Vetr lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 target price on the stock. in a research report on Wednesday, August 16th. Royal Bank Of Canada boosted their target price on shares of Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. Bank of America Corporation boosted their target price on shares of Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Finally, HSBC Holdings plc restated a “buy” rating and set a $204.00 target price on shares of Alibaba Group Holding Limited in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group Holding Limited has a consensus rating of “Buy” and an average target price of $177.09.

Alibaba Group Holding Limited (BABA) opened at 184.69 on Thursday. The firm has a market capitalization of $469.67 billion, a PE ratio of 61.30 and a beta of 2.60. The company has a 50 day moving average of $174.71 and a 200 day moving average of $143.69. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $184.70.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The firm had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the firm posted $0.74 EPS. Analysts forecast that Alibaba Group Holding Limited will post $4.99 EPS for the current year.

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Several large investors have recently modified their holdings of the company. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in Alibaba Group Holding Limited by 0.9% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock worth $276,000 after acquiring an additional 23 shares during the period. Ronald Blue & Co. LLC boosted its holdings in Alibaba Group Holding Limited by 0.7% in the 2nd quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock worth $487,000 after acquiring an additional 25 shares during the period. Cornerstone Advisors Inc. boosted its holdings in Alibaba Group Holding Limited by 1.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock worth $318,000 after acquiring an additional 30 shares during the period. Comerica Securities Inc. boosted its holdings in Alibaba Group Holding Limited by 1.9% in the 1st quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock worth $272,000 after acquiring an additional 47 shares during the period. Finally, Mosaic Family Wealth LLC boosted its holdings in Alibaba Group Holding Limited by 2.9% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock worth $261,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 37.39% of the company’s stock.

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)

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