Alibaba Group Holding Ltd. (NYSE:BABA)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a report issued on Friday. They currently have a $125.00 target price on the stock. Needham & Company LLC’s target price indicates a potential upside of 39.24% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Evercore ISI reissued a “buy” rating and issued a $98.00 price target on shares of Alibaba Group Holding in a report on Tuesday, July 26th. Jefferies Group upped their target price on shares of Alibaba Group Holding from $86.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, July 22nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $95.00 target price on shares of Alibaba Group Holding in a report on Monday, August 8th. Citigroup Inc. upped their target price on shares of Alibaba Group Holding to $104.00 and gave the stock a “buy” rating in a report on Sunday, August 7th. Finally, MKM Partners set a $95.00 target price on shares of Alibaba Group Holding and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Three investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group Holding presently has an average rating of “Buy” and an average target price of $117.01.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

Alibaba Group Holding (NYSE:BABA) opened at 89.77 on Friday. Alibaba Group Holding has a 52 week low of $59.25 and a 52 week high of $109.87. The stock has a 50 day moving average of $102.49 and a 200 day moving average of $90.08. The firm has a market cap of $222.45 billion, a PE ratio of 47.20 and a beta of 2.93.

Alibaba Group Holding (NYSE:BABA) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.57 EPS. Analysts anticipate that Alibaba Group Holding will post $3.31 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Capital International Sarl increased its stake in shares of Alibaba Group Holding by 84.5% in the third quarter. Capital International Sarl now owns 518,675 shares of the company’s stock valued at $54,871,000 after buying an additional 237,500 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Alibaba Group Holding by 36.7% in the third quarter. Panagora Asset Management Inc. now owns 549,208 shares of the company’s stock valued at $58,101,000 after buying an additional 147,400 shares in the last quarter. National Asset Management Inc. increased its stake in shares of Alibaba Group Holding by 8.6% in the third quarter. National Asset Management Inc. now owns 15,842 shares of the company’s stock valued at $1,676,000 after buying an additional 1,250 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in shares of Alibaba Group Holding during the third quarter valued at about $261,000. Finally, Capital International Investors increased its stake in shares of Alibaba Group Holding by 43.8% in the third quarter. Capital International Investors now owns 104,800 shares of the company’s stock valued at $11,087,000 after buying an additional 31,900 shares in the last quarter. 31.91% of the stock is 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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