Alibaba Group (BABA) Earns Buy Rating from Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Alibaba Group (NYSE:BABA) in a research report report published on Wednesday morning.

Several other research analysts have also weighed in on the company. Vetr raised Alibaba Group from a buy rating to a strong-buy rating and set a $190.25 target price on the stock in a research report on Wednesday, September 6th. SunTrust Banks reaffirmed a buy rating and issued a $205.00 target price on shares of Alibaba Group in a research report on Friday, October 20th. Zacks Investment Research raised Alibaba Group from a hold rating to a buy rating and set a $211.00 price objective on the stock in a report on Wednesday, November 8th. Needham & Company LLC increased their price objective on Alibaba Group from $190.00 to $215.00 and gave the company a buy rating in a report on Friday, November 3rd. Finally, BidaskClub raised Alibaba Group from a buy rating to a strong-buy rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $185.14.

Alibaba Group (NYSE:BABA) opened at $173.55 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group has a 52-week low of $86.01 and a 52-week high of $191.75. The firm has a market capitalization of $444,488.28, a PE ratio of 50.45, a price-to-earnings-growth ratio of 1.31 and a beta of 2.52.

A number of large investors have recently made changes to their positions in BABA. First Eagle Investment Management LLC bought a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $104,000. Lorber David A bought a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $109,000. Winch Advisory Services LLC lifted its position in shares of Alibaba Group 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 acquiring an additional 482 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in shares of Alibaba Group in the 2nd quarter worth approximately $116,000. Finally, Highlander Capital Management LLC lifted its position in shares of Alibaba Group by 478.0% in the 3rd quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 717 shares during the period. Hedge funds and other institutional investors own 38.13% of the company’s stock.

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Alibaba Group 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 (NYSE:BABA)

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