KeyCorp set a $182.00 price target on Alibaba Group Holding Limited (NYSE:BABA) in a research note released on Friday. The firm currently has an overweight rating on the specialty retailer’s stock.

Several other research analysts have also recently issued reports on BABA. Royal Bank Of Canada upped their price objective on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an outperform rating in a research report on Friday. J P Morgan Chase & Co upped their price objective on Alibaba Group Holding Limited from $190.00 to $205.00 and gave the stock an overweight rating in a research report on Friday. They noted that the move was a valuation call. Zacks Investment Research raised Alibaba Group Holding Limited from a hold rating to a buy rating and set a $179.00 price objective for the company in a research report on Thursday, August 17th. SunTrust Banks, Inc. assumed coverage on Alibaba Group Holding Limited in a research report on Tuesday, August 15th. They set a buy rating and a $175.00 price objective for the company. Finally, Vetr cut Alibaba Group Holding Limited from a strong-buy rating to a buy rating and set a $175.06 price objective for the company. in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $163.29.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at 169.25 on Friday. The company’s 50-day moving average price is $153.23 and its 200 day moving average price is $125.40. The stock has a market cap of $430.40 billion, a price-to-earnings ratio of 57.37 and a beta of 2.64. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $170.60.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the prior year, the business earned $0.74 EPS. On average, equities analysts predict that Alibaba Group Holding Limited will post $4.85 earnings per share for the current year.

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Alibaba Group Holding Limited announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of hedge funds have recently made changes to their positions in the stock. Columbus Circle Investors purchased a new stake in shares of Alibaba Group Holding Limited during the first quarter valued at $1,416,000. Sanders Morris Harris Inc. purchased a new stake in shares of Alibaba Group Holding Limited during the first quarter valued at $447,000. Rothschild Investment Corp IL purchased a new stake in shares of Alibaba Group Holding Limited during the first quarter valued at $250,000. Hermes Investment Management Ltd. raised its stake in shares of Alibaba Group Holding Limited by 15.8% in the first quarter. Hermes Investment Management Ltd. now owns 2,731,046 shares of the specialty retailer’s stock valued at $294,489,000 after buying an additional 372,228 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of Alibaba Group Holding Limited by 9.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 331,438 shares of the specialty retailer’s stock valued at $35,741,000 after buying an additional 27,480 shares in the last quarter. 36.81% of the stock is owned by hedge funds and other institutional investors.

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.

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

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