Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Sunday. They currently have a $208.00 price objective on the specialty retailer’s stock, up from their previous price objective of $200.00. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential upside of 24.18% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird reaffirmed an “outperform” rating and set a $135.00 price objective (up previously from $116.00) on shares of Alibaba Group Holding Limited in a research note on Friday, May 19th. SunTrust Banks, Inc. assumed coverage on shares of Alibaba Group Holding Limited in a research note on Tuesday, August 15th. They set a “buy” rating and a $175.00 price objective on the stock. Macquarie raised their price objective on shares of Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday. Bank of America Corporation raised their price objective on shares of Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $140.00 price objective (up previously from $130.00) on shares of Alibaba Group Holding Limited in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $162.43.

Shares of Alibaba Group Holding Limited (BABA) traded up 2.18% during mid-day trading on Friday, reaching $167.50. 31,492,502 shares of the company traded hands. The firm has a 50-day moving average price of $152.41 and a 200 day moving average price of $124.57. The firm has a market capitalization of $425.95 billion, a price-to-earnings ratio of 56.78 and a beta of 2.64. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $169.50.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 17.42%. During the same quarter last year, the company earned $0.74 EPS. On average, analysts anticipate that Alibaba Group Holding Limited will post $4.74 earnings per share for the current year.

Alibaba Group Holding Limited announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 18th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/20/alibaba-group-holding-limiteds-baba-buy-rating-reiterated-at-goldman-sachs-group-inc-the.html.

Hedge funds have recently modified their holdings of the stock. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Alibaba Group Holding Limited by 0.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock valued at $276,000 after buying an additional 23 shares during the period. Ronald Blue & Co. LLC raised its stake in shares of Alibaba Group Holding Limited by 0.7% in the second quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock valued at $487,000 after buying an additional 25 shares during the period. Cornerstone Advisors Inc. raised its stake in shares of Alibaba Group Holding Limited by 1.3% in the second quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock valued at $318,000 after buying an additional 30 shares during the period. Comerica Securities Inc. raised its stake in shares of Alibaba Group Holding Limited by 1.9% in the first quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock valued at $272,000 after buying an additional 47 shares during the period. Finally, Mosaic Family Wealth LLC raised its stake in shares of Alibaba Group Holding Limited by 2.9% in the second quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 36.81% of the company’s stock.

Alibaba Group Holding Limited Company Profile

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.

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

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