Alibaba Group Holding Limited (NYSE:BABA) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday, October 16th. The brokerage currently has a $202.18 price target on the specialty retailer’s stock. Vetr‘s price target would suggest a potential upside of 18.71% from the stock’s current price.
BABA has been the subject of several other reports. Stifel Nicolaus increased their price target on Alibaba Group Holding Limited from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, August 21st. BidaskClub downgraded Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a report on Monday, October 9th. Oppenheimer Holdings, Inc. increased their price target on Alibaba Group Holding Limited to $200.00 and gave the company an “outperform” rating in a report on Sunday, September 3rd. Finally, Deutsche Bank AG lowered their target price on Alibaba Group Holding Limited to $199.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $180.09.
Alibaba Group Holding Limited (BABA) opened at 170.32 on Monday. The company has a 50-day moving average price of $176.07 and a 200-day moving average price of $148.61. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $184.70. The stock has a market capitalization of $433.12 billion, a price-to-earnings ratio of 56.53 and a beta of 2.60.
Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The firm had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the prior year, the firm earned $0.74 EPS. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $4.91 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. AJO LP increased its stake in shares of Alibaba Group Holding Limited by 55.5% during the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock valued at $18,673,000 after acquiring an additional 47,324 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Alibaba Group Holding Limited by 18.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after buying an additional 16,528 shares during the last quarter. Good Life Advisors LLC acquired a new position in Alibaba Group Holding Limited in the second quarter worth approximately $218,000. Sylebra HK Co Ltd grew its position in Alibaba Group Holding Limited by 0.5% in the first quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock worth $37,490,000 after buying an additional 1,631 shares during the last quarter. Finally, Mirador Capital Partners LP acquired a new position in Alibaba Group Holding Limited in the second quarter worth approximately $220,000. Institutional investors and hedge funds own 37.34% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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