Alibaba Group Holding Ltd. (BABA) Price Target Raised to $138.00 at Deutsche Bank AG
Alibaba Group Holding Ltd. (NYSE:BABA) had its price objective upped by equities researchers at Deutsche Bank AG from $109.00 to $138.00 in a note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 26.90% from the stock’s previous close.
A number of other brokerages have also commented on BABA. Vetr lowered shares of Alibaba Group Holding from a “buy” rating to a “hold” rating and set a $113.29 target price on the stock. in a research report on Thursday, September 22nd. Brean Capital reissued a “buy” rating on shares of Alibaba Group Holding in a report on Friday, September 23rd. Morgan Stanley reissued an “overweight” rating and set a $132.00 price objective on shares of Alibaba Group Holding in a report on Tuesday. Daiwa Capital Markets lifted their price objective on shares of Alibaba Group Holding from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus lifted their price objective on shares of Alibaba Group Holding from $104.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, September 22nd. Four analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $108.83.
Alibaba Group Holding (NYSE:BABA) traded down 3.12% during trading on Thursday, hitting $105.36. The stock had a trading volume of 10,303,627 shares. The firm has a 50 day moving average of $99.78 and a 200-day moving average of $84.31. The stock has a market cap of $260.56 billion, a price-to-earnings ratio of 37.32 and a beta of 2.97. Alibaba Group Holding has a 12 month low of $58.20 and a 12 month high of $109.87.
Alibaba Group Holding (NYSE:BABA) last issued its earnings results on Thursday, August 11th. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.11. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.57 billion. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. During the same period last year, the company posted $0.59 earnings per share. Equities analysts predict that Alibaba Group Holding will post $3.29 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Cornerstone Advisors Inc. raised its position in Alibaba Group Holding by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock valued at $127,000 after buying an additional 39 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Alibaba Group Holding by 1.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,407 shares of the company’s stock valued at $191,000 after buying an additional 31 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new position in Alibaba Group Holding during the second quarter valued at $201,000. Tokio Marine Asset Management Co. Ltd. purchased a new position in Alibaba Group Holding during the second quarter valued at $207,000. Finally, United Asset Strategies Inc. purchased a new position in Alibaba Group Holding during the second quarter valued at $210,000. 29.06% of the stock is owned by institutional investors.
Alibaba Group Holding Company Profile
Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally.
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