Shares of Alibaba Group Holding Limited (NYSE:BABA) have been assigned an average rating of “Buy” from the thirty-eight research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $170.31.

BABA has been the topic of several research analyst reports. Needham & Company LLC upped their price objective on Alibaba Group Holding Limited from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, May 19th. MKM Partners restated a “buy” rating and issued a $155.00 price objective (up previously from $130.00) on shares of Alibaba Group Holding Limited in a research note on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and issued a $120.00 price objective on shares of Alibaba Group Holding Limited in a research note on Tuesday, May 16th. Vetr lowered Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $129.84 price objective on the stock. in a research note on Monday, May 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $139.00 price objective (up previously from $120.00) on shares of Alibaba Group Holding Limited in a research note on Friday, May 19th.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilbanks Smith & Thomas Asset Management LLC boosted its position 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 worth $276,000 after buying an additional 23 shares during the last quarter. Ronald Blue & Co. LLC raised its position 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 in the last quarter. Cornerstone Advisors Inc. raised its position 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 in the last quarter. Comerica Securities Inc. raised its position 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 in the last quarter. Finally, Mosaic Family Wealth LLC raised its position 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 in the last quarter. Institutional investors own 36.81% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) traded down 1.86% during trading on Tuesday, reaching $171.74. The company’s stock had a trading volume of 24,184,674 shares. The stock’s 50-day moving average is $156.44 and its 200 day moving average is $127.15. The firm has a market capitalization of $436.73 billion, a price-to-earnings ratio of 58.22 and a beta of 2.64. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $177.00.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. On average, analysts predict that Alibaba Group Holding Limited will post $4.97 EPS for the current fiscal year.

Alibaba Group Holding Limited declared that its Board of Directors has approved a share 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 purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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)

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