Alibaba Group Holding Ltd. (NYSE:BABA) received a $125.00 price objective from SunTrust Banks Inc. in a research note issued on Wednesday. The brokerage presently has a a “buy” rating on the stock. SunTrust Banks Inc.’s price objective suggests a potential upside of 22.37% from the stock’s current price.

A number of other research firms have also weighed in on BABA. Deutsche Bank AG reissued a “buy” rating and issued a $110.00 price objective on shares of Alibaba Group Holding in a research report on Friday, June 17th. Jefferies Group upped their price target on shares of Alibaba Group Holding from $86.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, July 22nd. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group Holding from $96.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday, August 12th. RBC Capital Markets reaffirmed an “outperform” rating and set a $105.00 price target on shares of Alibaba Group Holding in a research report on Thursday, August 11th. Finally, MKM Partners reaffirmed a “buy” rating and set a $130.00 price target on shares of Alibaba Group Holding in a research report on Tuesday, September 27th. Three equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group Holding presently has a consensus rating of “Buy” and a consensus price target of $110.89.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

Alibaba Group Holding (NYSE:BABA) traded down 1.42% during trading on Wednesday, hitting $102.15. 22,389,979 shares of the company were exchanged. The company has a 50-day moving average of $103.07 and a 200-day moving average of $86.43. Alibaba Group Holding has a 12 month low of $59.25 and a 12 month high of $109.87. The company has a market capitalization of $252.62 billion, a price-to-earnings ratio of 36.21 and a beta of 2.95.

Alibaba Group Holding (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. The business earned $4.84 billion during 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 quarter in the previous year, the business posted $0.59 earnings per share. Analysts forecast that Alibaba Group Holding will post $3.29 EPS for the current year.

Several institutional investors have recently bought and sold shares of the stock. ING Groep NV raised its position in Alibaba Group Holding by 72.0% in the first quarter. ING Groep NV now owns 33,494 shares of the company’s stock valued at $2,647,000 after buying an additional 14,023 shares during the period. Aviva PLC raised its position in Alibaba Group Holding by 5.3% in the first quarter. Aviva PLC now owns 73,700 shares of the company’s stock valued at $5,825,000 after buying an additional 3,700 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in Alibaba Group Holding by 31.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 27,770 shares of the company’s stock valued at $2,195,000 after buying an additional 6,700 shares during the period. Alpine Partners VI LLC raised its position in Alibaba Group Holding by 273.7% in the first quarter. Alpine Partners VI LLC now owns 27,662 shares of the company’s stock valued at $2,186,000 after buying an additional 20,260 shares during the period. Finally, BB&T Securities LLC raised its position in Alibaba Group Holding by 5.1% in the first quarter. BB&T Securities LLC now owns 4,161 shares of the company’s stock valued at $328,000 after buying an additional 202 shares during the period. Institutional investors own 29.07% 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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