Alibaba Group Holding Limited (NYSE:BABA) Price Target Increased to $215.00 by Analysts at Needham & Company LLC

Alibaba Group Holding Limited (NYSE:BABA) had its target price boosted by Needham & Company LLC from $190.00 to $215.00 in a report published on Friday, November 3rd, MarketBeat Ratings reports. They currently have a buy rating on the specialty retailer’s stock.

Several other research firms have also recently commented on BABA. Macquarie increased their price target on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an outperform rating in a report on Friday, August 18th. Bank of America Corporation raised their target price on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a buy rating in a research note on Friday, August 18th. SunTrust Banks, Inc. began coverage on Alibaba Group Holding Limited in a research note on Tuesday, August 15th. They set a buy rating and a $175.00 target price for the company. KeyCorp set a $182.00 target price on Alibaba Group Holding Limited and gave the stock an overweight rating in a research note on Friday, August 18th. Finally, MKM Partners raised their target price on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the stock a buy rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $184.20.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at $186.41 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market capitalization of $477,424.75, a PE ratio of 54.19, a price-to-earnings-growth ratio of 1.41 and a beta of 2.61. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. During the same quarter in the prior year, the business posted $0.74 earnings per share. equities research analysts forecast that Alibaba Group Holding Limited will post 4.31 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of BABA. KCG Holdings Inc. raised its holdings in Alibaba Group Holding Limited by 286.2% in the 1st quarter. KCG Holdings Inc. now owns 20,034 shares of the specialty retailer’s stock valued at $2,160,000 after acquiring an additional 14,846 shares during the last quarter. United Capital Financial Advisers LLC raised its holdings in Alibaba Group Holding Limited by 2.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 44,894 shares of the specialty retailer’s stock valued at $4,841,000 after acquiring an additional 1,015 shares during the last quarter. Brown Advisory Securities LLC raised its holdings in Alibaba Group Holding Limited by 12.0% in the 1st quarter. Brown Advisory Securities LLC now owns 11,890 shares of the specialty retailer’s stock valued at $1,283,000 after acquiring an additional 1,276 shares during the last quarter. Nicholas Investment Partners LP acquired a new position in Alibaba Group Holding Limited in the 1st quarter valued at $2,067,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in Alibaba Group Holding Limited by 20.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,898 shares of the specialty retailer’s stock valued at $1,930,000 after acquiring an additional 3,027 shares during the last quarter. Institutional investors own 37.45% 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.

Analyst Recommendations for Alibaba Group Holding Limited (NYSE:BABA)

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