Alibaba Group Holding Limited (BABA) Given Average Rating of “Buy” by Analysts

Shares of Alibaba Group Holding Limited (NYSE:BABA) have earned a consensus recommendation of “Buy” from the thirty-two analysts that are covering the stock. Four analysts have rated the stock with a hold recommendation, twenty-two have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $120.05.

A number of equities analysts recently weighed in on BABA shares. Brean Capital restated a “buy” rating on shares of Alibaba Group Holding Limited in a report on Tuesday, December 6th. Vetr upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $107.50 price objective for the company in a report on Monday, January 30th. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Alibaba Group Holding Limited in a report on Thursday, December 15th. Morgan Stanley restated an “overweight” rating and issued a $132.00 price objective on shares of Alibaba Group Holding Limited in a report on Friday, November 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Alibaba Group Holding Limited in a report on Tuesday, January 24th.

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A number of large investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. raised its stake in shares of Alibaba Group Holding Limited by 0.6% in the third quarter. Cullen Frost Bankers Inc. now owns 3,557 shares of the company’s stock worth $376,000 after buying an additional 20 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of Alibaba Group Holding Limited by 0.6% in the third quarter. Kistler Tiffany Companies LLC now owns 5,533 shares of the company’s stock worth $585,000 after buying an additional 33 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of Alibaba Group Holding Limited by 2.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 2,490 shares of the company’s stock worth $219,000 after buying an additional 60 shares in the last quarter. Integrated Wealth Management raised its stake in shares of Alibaba Group Holding Limited by 2.1% in the second quarter. Integrated Wealth Management now owns 3,376 shares of the company’s stock worth $268,000 after buying an additional 70 shares in the last quarter. Finally, Ruggie Capital Group raised its stake in shares of Alibaba Group Holding Limited by 2.2% in the third quarter. Ruggie Capital Group now owns 3,393 shares of the company’s stock worth $359,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

Alibaba Group Holding Limited (NYSE:BABA) traded up 0.73% during trading on Friday, hitting $101.56. The stock had a trading volume of 3,696,490 shares. The company has a market cap of $252.38 billion, a price-to-earnings ratio of 46.61 and a beta of 2.73. Alibaba Group Holding Limited has a 52-week low of $64.66 and a 52-week high of $109.87. The company has a 50-day moving average price of $98.22 and a 200-day moving average price of $97.30.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.17. Alibaba Group Holding Limited had a net margin of 26.56% and a return on equity of 14.88%. The company earned $7.70 billion during the quarter, compared to analyst estimates of $7.32 billion. During the same period in the previous year, the business earned $0.99 EPS. Equities research analysts forecast that Alibaba Group Holding Limited will post $3.49 EPS for the current year.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

5 Day Chart for NYSE:BABA

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