Alibaba Group Holding Ltd. (NYSE:BABA)‘s stock had its “overweight” rating reissued by Morgan Stanley in a note issued to investors on Friday. They presently have a $132.00 price objective on the stock. Morgan Stanley’s target price suggests a potential upside of 47.04% from the company’s current price.

Several other brokerages also recently commented on BABA. Jefferies Group upped their target price on shares of Alibaba Group Holding from $86.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group Holding from $96.00 to $129.00 and gave the company an “overweight” rating in a research note on Friday, August 12th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Alibaba Group Holding in a research note on Thursday, August 11th. MKM Partners reaffirmed a “buy” rating and issued a $130.00 target price on shares of Alibaba Group Holding in a research note on Tuesday, September 27th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $109.00 target price (down previously from $115.00) on shares of Alibaba Group Holding in a research note on Wednesday, August 24th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $117.01.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

Shares of Alibaba Group Holding (NYSE:BABA) opened at 89.77 on Friday. The firm has a market cap of $222.45 billion, a price-to-earnings ratio of 47.20 and a beta of 2.93. Alibaba Group Holding has a 1-year low of $59.25 and a 1-year high of $109.87. The company has a 50 day moving average of $102.49 and a 200 day moving average of $90.08.

Alibaba Group Holding (NYSE:BABA) last posted its quarterly earnings results 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 business earned $5.14 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.57 earnings per share. On average, equities analysts forecast that Alibaba Group Holding will post $3.31 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of BABA. Temasek Holdings Private Ltd increased its stake in Alibaba Group Holding by 13.7% in the second quarter. Temasek Holdings Private Ltd now owns 54,076,397 shares of the company’s stock worth $4,300,696,000 after buying an additional 6,526,596 shares during the last quarter. Baillie Gifford & Co. increased its stake in Alibaba Group Holding by 7.5% in the second quarter. Baillie Gifford & Co. now owns 45,856,303 shares of the company’s stock valued at $3,646,951,000 after buying an additional 3,192,797 shares in the last quarter. Capital Research Global Investors increased its stake in Alibaba Group Holding by 7.3% in the third quarter. Capital Research Global Investors now owns 38,759,360 shares of the company’s stock valued at $4,100,353,000 after buying an additional 2,637,869 shares in the last quarter. Jennison Associates LLC increased its stake in Alibaba Group Holding by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the company’s stock valued at $2,382,071,000 after buying an additional 5,496,854 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Alibaba Group Holding by 13.2% in the third quarter. Schroder Investment Management Group now owns 22,140,881 shares of the company’s stock valued at $2,342,284,000 after buying an additional 2,590,397 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

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.

5 Day Chart for NYSE:BABA

Receive News & Stock Ratings for Alibaba Group Holding Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Ltd. and related stocks with our FREE daily email newsletter.