Alibaba Group Holding Ltd (BABA) Stock Rating Reaffirmed by Goldman Sachs Group Inc

Alibaba Group Holding Ltd (NYSE:BABA)‘s stock had its “conviction-buy” rating reissued by analysts at Goldman Sachs Group Inc in a note issued to investors on Friday. They currently have a $135.00 price target on the stock. Goldman Sachs Group Inc’s price target points to a potential upside of 25.87% from the stock’s current price.

Several other research analysts have also recently issued reports on BABA. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Alibaba Group Holding in a report on Saturday, November 26th. Robert W. Baird reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Alibaba Group Holding in a report on Wednesday, November 30th. Brean Capital reaffirmed a “buy” rating on shares of Alibaba Group Holding in a report on Tuesday, December 6th. Morgan Stanley started coverage on Alibaba Group Holding in a report on Thursday, December 8th. They issued an “overweight” rating and a $130.00 price target on the stock. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Alibaba Group Holding in a report on Thursday, December 15th. Two research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and four have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $122.94.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

Alibaba Group Holding (NYSE:BABA) opened at 107.25 on Friday. The stock has a market capitalization of $266.52 billion, a price-to-earnings ratio of 49.52 and a beta of 2.73. Alibaba Group Holding has a 12 month low of $73.30 and a 12 month high of $109.87. The company has a 50 day moving average price of $102.68 and a 200 day moving average price of $99.06.

Alibaba Group Holding (NYSE:BABA) last posted its quarterly earnings results on Tuesday, January 24th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.17. The company had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.32 billion. Alibaba Group Holding had a return on equity of 14.88% and a net margin of 26.56%. During the same quarter in the prior year, the company earned $0.99 earnings per share. Equities research analysts predict that Alibaba Group Holding will post $3.48 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of BABA. Cullen Frost Bankers Inc. boosted its stake in Alibaba Group Holding 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 during the last quarter. Kistler Tiffany Companies LLC boosted its stake in Alibaba Group Holding 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 during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Alibaba Group Holding 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 during the last quarter. Ruggie Capital Group boosted its stake in Alibaba Group Holding 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 during the last quarter. Finally, Mandatum Life Insurance Co Ltd boosted its stake in Alibaba Group Holding by 3.0% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 4,196 shares of the company’s stock worth $368,000 after buying an additional 121 shares during the last quarter. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Holding 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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