Macquarie Reiterates “Buy” Rating for Alibaba Group Holding Limited (BABA)

Macquarie reiterated their buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a report published on Monday, October 16th. They currently have a $245.00 target price on the specialty retailer’s stock. The analysts noted that the move was a valuation call.

A number of other analysts have also commented on BABA. Instinet boosted their price target on Alibaba Group Holding Limited from $139.00 to $170.00 and gave the company a buy rating in a report on Monday, June 19th. Deutsche Bank AG cut their price target on Alibaba Group Holding Limited to $158.00 and set a buy rating on the stock in a report on Monday, June 19th. Pacific Crest restated a buy rating and issued a $137.00 price target on shares of Alibaba Group Holding Limited in a report on Monday, June 19th. Vetr downgraded Alibaba Group Holding Limited from a buy rating to a hold rating and set a $148.71 target price on the stock. in a research report on Wednesday, June 21st. Finally, Robert W. Baird reaffirmed an outperform rating and issued a $170.00 target price on shares of Alibaba Group Holding Limited in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group Holding Limited has an average rating of Buy and an average target price of $181.43.

Alibaba Group Holding Limited (BABA) traded up 3.42% on Monday, reaching $176.15. The company had a trading volume of 19,712,550 shares. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $184.70. The firm has a 50 day moving average price of $176.07 and a 200-day moving average price of $148.61. The stock has a market capitalization of $447.95 billion, a price-to-earnings ratio of 58.46 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same period in the previous year, the company posted $0.74 earnings per share. Analysts forecast that Alibaba Group Holding Limited will post $4.91 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in BABA. Van ECK Associates Corp increased its position in shares of Alibaba Group Holding Limited by 10.0% in the first quarter. Van ECK Associates Corp now owns 747,800 shares of the specialty retailer’s stock valued at $80,635,000 after acquiring an additional 68,170 shares during the period. United Services Automobile Association increased its position in shares of Alibaba Group Holding Limited by 1.7% during the first quarter. United Services Automobile Association now owns 1,350,138 shares of the specialty retailer’s stock valued at $145,585,000 after buying an additional 22,742 shares during the period. CFO4Life Group LLC purchased a new position in shares of Alibaba Group Holding Limited during the first quarter valued at about $229,000. OppenheimerFunds Inc. increased its position in shares of Alibaba Group Holding Limited by 10.4% during the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock valued at $2,332,996,000 after buying an additional 2,030,747 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Alibaba Group Holding Limited by 1.7% during the first quarter. Principal Financial Group Inc. now owns 2,173,601 shares of the specialty retailer’s stock valued at $234,379,000 after buying an additional 37,196 shares during the period. Hedge funds and other institutional investors own 37.34% of the company’s stock.

Alibaba Group Holding Limited 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 Holding Limited (NYSE:BABA)

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