Alibaba Group Holding Ltd. (NYSE:BABA)‘s stock had its “buy” rating reissued by MKM Partners in a research report issued on Friday. They currently have a $130.00 price objective on the stock. MKM Partners’ price objective points to a potential upside of 37.80% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Alibaba Group Holding in a report on Friday. Zacks Investment Research cut Alibaba Group Holding from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird reissued an “outperform” rating and set a $110.00 price target (up from $104.00) on shares of Alibaba Group Holding in a report on Friday, November 4th. RBC Capital Markets reissued an “outperform” rating and set a $120.00 price target (up from $110.00) on shares of Alibaba Group Holding in a report on Thursday, November 3rd. Finally, Jefferies Group upped their price objective on Alibaba Group Holding from $103.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 3rd. Three investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $117.01.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

Shares of Alibaba Group Holding (NYSE:BABA) opened at 94.34 on Friday. Alibaba Group Holding has a 1-year low of $59.25 and a 1-year high of $109.87. The company has a market cap of $233.77 billion, a price-to-earnings ratio of 49.47 and a beta of 2.93. The company’s 50-day moving average price is $103.44 and its 200 day moving average price is $89.71.

Alibaba Group Holding (NYSE:BABA) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.10. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Alibaba Group Holding had a return on equity of 13.34% and a net margin of 26.44%. During the same period in the prior year, the firm earned $0.57 EPS. On average, analysts predict that Alibaba Group Holding will post $3.31 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in BABA. BNP Paribas Arbitrage SA raised its position in Alibaba Group Holding by 101.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,098,510 shares of the company’s stock valued at $252,972,000 after buying an additional 1,562,933 shares in the last quarter. Origin Asset Management LLP purchased a new position in Alibaba Group Holding during the first quarter valued at about $11,151,000. Chelsea Counsel Co. raised its position in Alibaba Group Holding by 5.3% in the first quarter. Chelsea Counsel Co. now owns 7,110 shares of the company’s stock valued at $562,000 after buying an additional 360 shares in the last quarter. First Republic Investment Management Inc. raised its position in Alibaba Group Holding by 158.6% in the first quarter. First Republic Investment Management Inc. now owns 95,844 shares of the company’s stock valued at $7,575,000 after buying an additional 58,782 shares in the last quarter. Finally, Euclid Advisors LLC raised its position in Alibaba Group Holding by 3.3% in the first quarter. Euclid Advisors LLC now owns 126,000 shares of the company’s stock valued at $9,958,000 after buying an additional 4,000 shares in the last quarter. 29.59% of the stock is currently owned by institutional investors and hedge funds.

About Alibaba Group Holding

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.

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