Alibaba Group Holding Limited (NYSE:BABA) Receives $321.55 Average Price Target from Analysts

Alibaba Group Holding Limited (NYSE:BABA) has received an average recommendation of “Buy” from the thirty-one ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, twenty-three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $321.55.

A number of brokerages recently issued reports on BABA. Royal Bank of Canada raised their target price on shares of Alibaba Group from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, November 6th. DZ Bank reiterated a “buy” rating on shares of Alibaba Group in a report on Thursday, November 5th. Macquarie lifted their price target on shares of Alibaba Group from $387.00 to $395.00 and gave the company an “outperform” rating in a report on Wednesday, February 3rd. Raymond James lifted their price target on shares of Alibaba Group from $330.00 to $350.00 and gave the company a “strong-buy” rating in a report on Wednesday, February 3rd. Finally, KeyCorp decreased their price target on shares of Alibaba Group from $355.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, January 15th.

NYSE BABA traded down $6.18 during mid-day trading on Thursday, reaching $247.82. 296,361 shares of the stock were exchanged, compared to its average volume of 21,523,230. Alibaba Group has a 1-year low of $169.95 and a 1-year high of $319.32. The business’s fifty day simple moving average is $254.14 and its 200 day simple moving average is $269.44. The stock has a market capitalization of $670.51 billion, a PE ratio of 36.44, a PEG ratio of 1.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.99 and a current ratio of 1.99.

Alibaba Group (NYSE:BABA) last announced its earnings results on Monday, February 1st. The specialty retailer reported $22.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $19.25. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. The firm had revenue of $221.08 billion for the quarter, compared to analyst estimates of $214.39 billion. During the same quarter last year, the business earned $18.19 earnings per share. Alibaba Group’s revenue was up 36.9% compared to the same quarter last year. On average, analysts anticipate that Alibaba Group will post 7.84 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Third Point LLC increased its stake in Alibaba Group by 26.3% during the 3rd quarter. Third Point LLC now owns 2,525,000 shares of the specialty retailer’s stock worth $742,300,000 after buying an additional 525,000 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Alibaba Group by 2,500,000.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 400,016 shares of the specialty retailer’s stock worth $93,096,000 after purchasing an additional 400,000 shares during the last quarter. Buckingham Capital Management Inc. increased its position in shares of Alibaba Group by 32.7% in the 4th quarter. Buckingham Capital Management Inc. now owns 13,030 shares of the specialty retailer’s stock worth $3,032,000 after purchasing an additional 3,214 shares during the last quarter. Camden National Bank increased its position in shares of Alibaba Group by 56.8% in the 4th quarter. Camden National Bank now owns 27,238 shares of the specialty retailer’s stock worth $6,339,000 after purchasing an additional 9,866 shares during the last quarter. Finally, Accel Wealth Management bought a new stake in shares of Alibaba Group in the 4th quarter worth about $212,000. 40.38% of the stock is currently owned by hedge funds and other institutional investors.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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