Alibaba Group Holding Ltd (NYSE:BABA) has received an average rating of “Buy” from the thirty-six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $212.98.
A number of equities analysts have commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $230.00 target price (up from $210.00) on shares of Alibaba Group in a report on Sunday, January 28th. SunTrust Banks boosted their target price on shares of Alibaba Group from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Morgan Stanley set a $250.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Monday, January 29th. KeyCorp boosted their price target on Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Finally, Oppenheimer restated a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a research note on Wednesday, January 24th.
A number of hedge funds and other institutional investors have recently modified their holdings of BABA. MUFG Americas Holdings Corp purchased a new stake in Alibaba Group in the 4th quarter worth approximately $101,000. Avestar Capital LLC purchased a new stake in Alibaba Group in the 4th quarter worth approximately $102,000. First Eagle Investment Management LLC purchased a new stake in Alibaba Group in the 3rd quarter worth approximately $104,000. Lenox Wealth Advisors Inc. boosted its position in Alibaba Group by 2,636.4% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 580 shares in the last quarter. Finally, Trustcore Financial Services LLC purchased a new stake in Alibaba Group in the 4th quarter worth approximately $107,000. Hedge funds and other institutional investors own 37.76% of the company’s stock.
Shares of Alibaba Group (BABA) traded up $6.50 during trading on Friday, reaching $199.06. 33,598,217 shares of the company’s stock were exchanged, compared to its average volume of 21,220,000. The company has a market capitalization of $509,820.00, a P/E ratio of 48.79, a PEG ratio of 1.53 and a beta of 2.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. Alibaba Group has a fifty-two week low of $102.60 and a fifty-two week high of $206.20.
Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). The firm had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same quarter in the prior year, the firm posted $1.30 earnings per share. equities research analysts predict that Alibaba Group will post 4.05 EPS for the current year.
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Alibaba Group 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.
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