Alibaba Group Holding Limited (NYSE:BABA) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday. The brokerage currently has a $157.00 price target on the specialty retailer’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 16.41% from the company’s current price.

According to Zacks, “Alibaba Group is a Chinese e-Commerce giant which caters mainly to its native market. The company’s fiscal fourth-quarter results exceeded the Zacks Consensus Estimate on revenues but lagged the same on earnings. Also, over the last one year, the stock has outperformed the Zacks characterized Electronic Commerce industry. Alibaba’s strong  core e-commerce business, its continued efforts to develop new products, international growth opportunities, strong financial positionand and growing cloud computing services are positives. However, macro headwinds, continued investments and increasing competition from Tencent Holdings and Baidu remain the overhangs.”

BABA has been the topic of several other research reports. Vetr upgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $115.12 price target on the stock in a research report on Monday, March 6th. Robert W. Baird reissued an “outperform” rating and issued a $116.00 price objective on shares of Alibaba Group Holding Limited in a research note on Wednesday, March 15th. Sanford C. Bernstein reissued an “outperform” rating and issued a $130.00 price objective (up previously from $117.00) on shares of Alibaba Group Holding Limited in a research note on Sunday, April 2nd. Goldman Sachs Group, Inc. (The) set a $179.00 price objective on shares of Alibaba Group Holding Limited and gave the company a “buy” rating in a research note on Friday, June 9th. Finally, New Street Research raised shares of Alibaba Group Holding Limited from a “neutral” rating to a “buy” rating and increased their price objective for the company from $95.00 to $122.00 in a research note on Tuesday, March 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. Alibaba Group Holding Limited has a consensus rating of “Buy” and an average target price of $135.80.

Analyst Recommendations for Alibaba Group Holding Limited (NYSE:BABA)

Alibaba Group Holding Limited (NYSE BABA) opened at 134.87 on Thursday. The stock has a 50 day moving average of $124.54 and a 200-day moving average of $106.84. Alibaba Group Holding Limited has a 1-year low of $73.30 and a 1-year high of $148.29. The company has a market cap of $341.22 billion, a PE ratio of 54.49 and a beta of 2.63.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.26 billion. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. During the same quarter in the prior year, the business posted $0.47 EPS. On average, equities research analysts predict that Alibaba Group Holding Limited will post $4.55 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of the company. Reliance Trust Co. of Delaware boosted its position in shares of Alibaba Group Holding Limited by 31.5% in the first quarter. Reliance Trust Co. of Delaware now owns 10,216 shares of the specialty retailer’s stock worth $1,101,000 after buying an additional 2,448 shares in the last quarter. Hartwell J M Limited Partnership boosted its position in shares of Alibaba Group Holding Limited by 6.1% in the first quarter. Hartwell J M Limited Partnership now owns 49,750 shares of the specialty retailer’s stock worth $5,365,000 after buying an additional 2,850 shares in the last quarter. CWM LLC boosted its position in shares of Alibaba Group Holding Limited by 2.7% in the first quarter. CWM LLC now owns 11,665 shares of the specialty retailer’s stock worth $1,258,000 after buying an additional 304 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Alibaba Group Holding Limited by 6.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 893,522 shares of the specialty retailer’s stock worth $96,348,000 after buying an additional 51,629 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Alibaba Group Holding Limited by 4.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 47,222 shares of the specialty retailer’s stock worth $5,092,000 after buying an additional 1,912 shares in the last quarter. Institutional investors and hedge funds own 36.69% of the company’s stock.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, 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 (China) and internationally.

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