Wells Fargo & Company started coverage on shares of Alibaba Group Holding Limited (NYSE:BABA) in a report published on Tuesday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $225.00 price target on the specialty retailer’s stock.

BABA has been the topic of a number of other reports. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $190.00 target price (up from $165.00) on shares of Alibaba Group Holding Limited in a research report on Friday, August 25th. Royal Bank Of Canada upped their target price on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an outperform rating in a research report on Friday, August 18th. Zacks Investment Research raised Alibaba Group Holding Limited from a hold rating to a strong-buy rating and set a $157.00 target price on the stock in a research report on Thursday, June 15th. Macquarie upped their target price on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an outperform rating in a research report on Friday, August 18th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $160.00 target price (up from $122.00) on shares of Alibaba Group Holding Limited in a research report on Monday, June 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have assigned a buy rating and three have given a strong buy rating to the stock. Alibaba Group Holding Limited has a consensus rating of Buy and an average target price of $174.24.

Alibaba Group Holding Limited (NYSE:BABA) opened at 172.71 on Tuesday. The company has a market capitalization of $439.20 billion, a PE ratio of 57.32 and a beta of 2.62. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $180.87. The stock’s 50 day moving average is $166.56 and its 200 day moving average is $135.68.

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 (EPS) for the quarter, beating 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 firm had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. Analysts predict that Alibaba Group Holding Limited will post $4.96 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Perpetual Ltd purchased a new stake in Alibaba Group Holding Limited during the 2nd quarter worth about $19,251,000. Ardsley Advisory Partners lifted its holdings in Alibaba Group Holding Limited by 1,275.0% during the 2nd quarter. Ardsley Advisory Partners now owns 55,000 shares of the specialty retailer’s stock worth $7,754,000 after purchasing an additional 51,000 shares in the last quarter. M Holdings Securities Inc. lifted its holdings in Alibaba Group Holding Limited by 27.1% during the 2nd quarter. M Holdings Securities Inc. now owns 7,237 shares of the specialty retailer’s stock worth $1,020,000 after purchasing an additional 1,545 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in Alibaba Group Holding Limited during the 2nd quarter worth about $23,878,000. Finally, Tairen Capital Ltd lifted its holdings in Alibaba Group Holding Limited by 229.3% during the 2nd quarter. Tairen Capital Ltd now owns 881,953 shares of the specialty retailer’s stock worth $124,267,000 after purchasing an additional 614,141 shares in the last quarter. 37.38% of the stock is currently owned by institutional investors and hedge funds.

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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