Shares of Alibaba Group Holding Ltd. (NYSE:BABA) have been assigned a consensus recommendation of “Buy” from the thirty-two ratings firms that are presently covering the stock. Three equities research analysts have rated the stock with a hold recommendation, twenty-seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $117.59.

BABA has been the subject of a number of research analyst reports. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $114.00 price objective (up previously from $110.00) on shares of Alibaba Group Holding in a research report on Wednesday, July 20th. Citigroup Inc. reissued a “buy” rating and issued a $138.00 price target on shares of Alibaba Group Holding in a research report on Thursday, September 29th. Zacks Investment Research raised shares of Alibaba Group Holding from a “hold” rating to a “strong-buy” rating and set a $117.00 price target for the company in a research report on Friday, October 14th. Nomura reissued a “buy” rating and issued a $129.00 price target (up previously from $95.00) on shares of Alibaba Group Holding in a research report on Monday, October 17th. Finally, Vetr raised shares of Alibaba Group Holding from a “buy” rating to a “strong-buy” rating and set a $120.23 price target for the company in a research report on Tuesday, October 11th.

Alibaba Group Holding (NYSE:BABA) opened at 92.99 on Friday. The stock’s 50 day moving average price is $102.99 and its 200-day moving average price is $89.81. Alibaba Group Holding has a 12 month low of $59.25 and a 12 month high of $109.87. The firm has a market capitalization of $230.43 billion, a P/E ratio of 48.76 and a beta of 2.93.

Alibaba Group Holding (NYSE:BABA) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. The firm earned $5.14 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Alibaba Group Holding had a net margin of 26.44% and a return on equity of 13.23%. During the same quarter last year, the company posted $0.57 EPS. Equities analysts forecast that Alibaba Group Holding will post $3.31 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. raised its position in Alibaba Group Holding by 0.6% in the third quarter. Cullen Frost Bankers Inc. now owns 3,557 shares of the company’s stock worth $376,000 after buying an additional 20 shares in 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 worth $191,000 after buying an additional 31 shares in the last quarter. Wedbush Securities Inc. raised its position in Alibaba Group Holding by 1.0% in the second quarter. Wedbush Securities Inc. now owns 3,198 shares of the company’s stock worth $254,000 after buying an additional 33 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in Alibaba Group Holding by 0.6% in the third quarter. Kistler Tiffany Companies LLC now owns 5,533 shares of the company’s stock worth $585,000 after buying an additional 33 shares in the last quarter. Finally, 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 worth $127,000 after buying an additional 39 shares in the last quarter. 29.59% of the stock is 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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