Jefferies Group LLC restated their buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a research report released on Thursday morning. Jefferies Group LLC currently has a $160.00 target price on the specialty retailer’s stock.

Several other equities research analysts also recently issued reports on the company. Vetr upgraded Alibaba Group Holding Limited from a buy rating to a strong-buy rating and set a $190.25 target price on the stock in a research report on Wednesday, September 6th. Barclays PLC increased their price objective on Alibaba Group Holding Limited to $180.00 and gave the stock an overweight rating in a research report on Wednesday, August 2nd. Deutsche Bank AG lowered their price objective on Alibaba Group Holding Limited to $199.00 and set a buy rating on the stock in a research report on Thursday, September 7th. Zacks Investment Research upgraded Alibaba Group Holding Limited from a hold rating to a strong-buy rating and set a $157.00 price objective on the stock in a research report on Thursday, June 15th. Finally, BidaskClub downgraded Alibaba Group Holding Limited from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has issued 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 has a consensus rating of Buy and a consensus target price of $169.20.

Alibaba Group Holding Limited (BABA) traded up 0.32% during trading on Thursday, reaching $177.96. The company’s stock had a trading volume of 6,273,300 shares. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $180.87. The stock’s 50 day moving average is $166.56 and its 200 day moving average is $135.68. The company has a market cap of $452.55 billion, a price-to-earnings ratio of 59.74 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last posted 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. The firm had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter in the prior year, the business posted $0.74 earnings per share. On average, equities analysts expect that Alibaba Group Holding Limited will post $5.02 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Shine Investment Advisory Services Inc. bought a new stake in shares of Alibaba Group Holding Limited during the second quarter valued at approximately $102,000. FNY Managed Accounts LLC bought a new stake in shares of Alibaba Group Holding Limited during the first quarter valued at approximately $107,000. Lee Financial Co increased its position in shares of Alibaba Group Holding Limited by 45.5% during the second 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 increased its position in shares of Alibaba Group Holding Limited by 147.4% during the second 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 shares of Alibaba Group Holding Limited during the second quarter valued at approximately $116,000. 37.38% of the stock is 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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