Alibaba Group Holding Limited (NYSE:BABA) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The firm currently has a $206.84 price objective on the specialty retailer’s stock. Vetr‘s price target would indicate a potential upside of 13.78% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a report on Wednesday, November 8th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $220.00 target price (up from $200.00) on shares of Alibaba Group Holding Limited in a report on Monday, November 6th. SunTrust Banks, Inc. restated a “buy” rating and set a $210.00 target price on shares of Alibaba Group Holding Limited in a report on Friday, November 3rd. KeyCorp restated a “buy” rating on shares of Alibaba Group Holding Limited in a report on Friday, November 3rd. Finally, Robert W. Baird lifted their price objective on shares of Alibaba Group Holding Limited from $190.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $184.45.
Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at $181.79 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.22. The stock has a market cap of $472,635.34, a P/E ratio of 53.65, a PEG ratio of 1.39 and a beta of 2.61.
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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. During the same period last year, the company earned $0.74 earnings per share. sell-side analysts predict that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Eagle Investment Management LLC bought a new stake in shares of Alibaba Group Holding Limited during the 3rd quarter valued at about $104,000. Shine Investment Advisory Services Inc. bought a new stake in Alibaba Group Holding Limited in the 2nd quarter worth approximately $102,000. Lee Financial Co lifted its position in Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares during the last quarter. Winch Advisory Services LLC lifted its position in Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after buying an additional 482 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in Alibaba Group Holding Limited in the 2nd quarter worth approximately $116,000. 37.47% of the stock is owned by 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.
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