Alibaba Group Holding Ltd. (NYSE:BABA) received a $119.00 price target from stock analysts at Jefferies Group in a research report issued on Monday. The brokerage currently has a a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 30.77% from the stock’s previous close.

A number of other research analysts have also commented on BABA. Credit Suisse Group AG restated an “outperform” rating and issued a $114.00 target price (up from $110.00) on shares of Alibaba Group Holding in a research note on Wednesday, July 20th. Citigroup Inc. restated a “buy” rating and issued a $138.00 target price on shares of Alibaba Group Holding in a research note on Thursday, September 29th. Zacks Investment Research upgraded 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, October 14th. Cantor Fitzgerald restated a “buy” rating on shares of Alibaba Group Holding in a research note on Monday. Finally, Nomura restated a “buy” rating and issued a $129.00 target price (up from $95.00) on shares of Alibaba Group Holding in a research note on Monday, October 17th. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group Holding 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 91.00 on Monday. Alibaba Group Holding has a 12-month low of $59.25 and a 12-month high of $109.87. The company has a 50-day moving average of $102.08 and a 200 day moving average of $90.18. The firm has a market cap of $225.50 billion, a P/E ratio of 47.84 and a beta of 2.93.

Alibaba Group Holding (NYSE:BABA) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. Alibaba Group Holding had a return on equity of 13.23% and a net margin of 26.44%. The company earned $5.14 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period in the previous year, the company earned $0.57 earnings per share. Equities analysts predict that Alibaba Group Holding will post $3.29 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Apriem Advisors increased its position in shares of Alibaba Group Holding by 14.2% in the third quarter. Apriem Advisors now owns 1,003 shares of the company’s stock valued at $106,000 after buying an additional 125 shares in the last quarter. Ayalon Holdings Ltd. increased its position in shares of Alibaba Group Holding by 28.7% in the third quarter. Ayalon Holdings Ltd. now owns 1,120 shares of the company’s stock valued at $118,000 after buying an additional 250 shares in the last quarter. Cornerstone Advisors Inc. increased 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 valued at $127,000 after buying an additional 39 shares in the last quarter. Van Hulzen Asset Management LLC acquired a new position in shares of Alibaba Group Holding during the third quarter valued at approximately $130,000. Finally, Equitec Proprietary Markets LLC acquired a new position in shares of Alibaba Group Holding during the third quarter valued at approximately $148,000. 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.

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