Alibaba Group Holding Limited (NYSE:BABA) had its target price raised by Oppenheimer Holdings, Inc. to $200.00 in a report released on Sunday. They currently have an outperform rating on the specialty retailer’s stock.

A number of other research analysts have also recently commented on BABA. Vetr cut shares of Alibaba Group Holding Limited from a strong-buy rating to a buy rating and set a $129.84 price target for the company. in a research note on Monday, May 8th. Needham & Company LLC raised their price target on shares of Alibaba Group Holding Limited from $125.00 to $135.00 and gave the stock a buy rating in a research note on Tuesday, May 9th. Barclays PLC raised their price target on shares of Alibaba Group Holding Limited from $130.00 to $132.00 and gave the stock an overweight rating in a research note on Wednesday, May 10th. Royal Bank Of Canada restated a buy rating and set a $120.00 price target on shares of Alibaba Group Holding Limited in a research note on Tuesday, May 16th. Finally, MKM Partners restated a buy rating and set a $155.00 price target (up previously from $130.00) on shares of Alibaba Group Holding Limited in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Alibaba Group Holding Limited currently has a consensus rating of Buy and an average price target of $169.04.

Shares of Alibaba Group Holding Limited (BABA) traded down 0.41% during mid-day trading on Friday, reaching $171.04. The company had a trading volume of 11,166,595 shares. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $177.00. The company’s 50-day moving average price is $159.75 and its 200-day moving average price is $129.55. The company has a market capitalization of $434.95 billion, a PE ratio of 58.04 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings results 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 firm had revenue of $7.40 billion during 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 16.85%. During the same quarter last year, the company earned $0.74 earnings per share. On average, analysts forecast that Alibaba Group Holding Limited will post $5.07 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BABA. Shine Investment Advisory Services Inc. bought a new position in shares of Alibaba Group Holding Limited during the second quarter worth $102,000. FNY Managed Accounts LLC bought a new stake in Alibaba Group Holding Limited in the 1st quarter valued at $107,000. Lee Financial Co lifted its position in Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 250 shares in the last quarter. Winch Advisory Services LLC lifted its position in Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in Alibaba Group Holding Limited in the 2nd quarter valued at $116,000. 37.40% of the stock is currently owned by 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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