Shares of Alibaba Group Holding Ltd. (NYSE:BABA) have earned an average recommendation of “Buy” from the thirty-five brokerages that are currently covering the firm. Four equities research analysts have rated the stock with a hold recommendation, thirty have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $111.49.

BABA has been the topic of a number of research reports. Deutsche Bank AG reissued a “buy” rating and issued a $110.00 price objective on shares of Alibaba Group Holding in a research note on Friday, June 17th. Jefferies Group boosted their price objective on Alibaba Group Holding from $86.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Alibaba Group Holding from $96.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday, August 12th. SunTrust Banks Inc. reissued a “buy” rating and issued a $90.00 price objective on shares of Alibaba Group Holding in a research note on Thursday, June 30th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $105.00 price objective on shares of Alibaba Group Holding in a research note on Thursday, August 11th.

Alibaba Group Holding (NYSE:BABA) opened at 106.00 on Friday. The stock has a market capitalization of $262.14 billion, a P/E ratio of 37.58 and a beta of 2.95. Alibaba Group Holding has a 52-week low of $59.25 and a 52-week high of $109.87. The company’s 50-day moving average price is $101.98 and its 200 day moving average price is $85.81.

Alibaba Group Holding (NYSE:BABA) last announced its earnings results on Thursday, August 11th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.11. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.57 billion. Alibaba Group Holding had a return on equity of 12.31% and a net margin of 42.95%. During the same quarter in the previous year, the business earned $0.59 EPS. On average, equities research analysts anticipate that Alibaba Group Holding will post $3.29 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Genesis Asset Managers LLP increased its position in Alibaba Group Holding by 16.7% in the third quarter. Genesis Asset Managers LLP now owns 3,383,994 shares of the company’s stock valued at $356,842,000 after buying an additional 483,185 shares during the period. First Mercantile Trust Co. increased its position in Alibaba Group Holding by 8.2% in the third quarter. First Mercantile Trust Co. now owns 4,592 shares of the company’s stock valued at $486,000 after buying an additional 348 shares during the period. Atalanta Sosnoff Capital LLC increased its position in Alibaba Group Holding by 85.5% in the third quarter. Atalanta Sosnoff Capital LLC now owns 697,501 shares of the company’s stock valued at $73,788,000 after buying an additional 321,399 shares during the period. Private Asset Management Inc. increased its position in Alibaba Group Holding by 1.9% in the third quarter. Private Asset Management Inc. now owns 25,043 shares of the company’s stock valued at $2,649,000 after buying an additional 470 shares during the period. Finally, Telemus Capital LLC increased its position in Alibaba Group Holding by 0.4% in the third quarter. Telemus Capital LLC now owns 25,766 shares of the company’s stock valued at $2,726,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 29.06% of the company’s stock.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

5 Day Chart for NYSE:BABA

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