Alibaba Group Holding Ltd. (NYSE:BABA)‘s stock had its “buy” rating reissued by equities research analysts at Nomura in a research report issued on Monday. They presently have a $129.00 target price on the stock, up from their prior target price of $95.00. Nomura’s price target points to a potential upside of 27.36% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research raised Alibaba Group Holding from a “hold” rating to a “strong-buy” rating and set a $117.00 target price for the company in a research note on Friday. SunTrust Banks Inc. set a $125.00 target price on Alibaba Group Holding and gave the company a “buy” rating in a research note on Wednesday, October 12th. Vetr raised Alibaba Group Holding from a “buy” rating to a “strong-buy” rating and set a $120.23 target price for the company in a research note on Tuesday, October 11th. Citigroup Inc. reissued a “buy” rating and issued a $138.00 target price on shares of Alibaba Group Holding in a research note on Thursday, September 29th. Finally, Deutsche Bank AG boosted their target price on Alibaba Group Holding from $109.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, September 29th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $113.22.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

Shares of Alibaba Group Holding (NYSE:BABA) traded up 1.10% during midday trading on Monday, reaching $102.97. The company’s stock had a trading volume of 4,324,187 shares. The stock has a 50-day moving average price of $103.27 and a 200-day moving average price of $86.72. Alibaba Group Holding has a 52-week low of $59.25 and a 52-week high of $109.87. The stock has a market cap of $254.64 billion, a price-to-earnings ratio of 36.50 and a beta of 2.94.

Alibaba Group Holding (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Alibaba Group Holding had a return on equity of 12.31% and a net margin of 42.95%. The firm earned $4.84 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the business earned $0.59 EPS. Equities research analysts anticipate that Alibaba Group Holding will post $3.29 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Cornerstone Advisors Inc. raised its position in shares of Alibaba Group Holding by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock worth $127,000 after buying an additional 39 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of 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 worth $191,000 after buying an additional 31 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new position in shares of Alibaba Group Holding during the second quarter worth $201,000. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Alibaba Group Holding during the second quarter worth $207,000. Finally, United Asset Strategies Inc. purchased a new position in shares of Alibaba Group Holding during the second quarter worth $210,000. 29.15% of the stock is currently owned by institutional investors and hedge funds.

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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