Stifel Nicolaus reissued their buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a report issued on Sunday morning. The brokerage currently has a $190.00 price target on the specialty retailer’s stock.

Other research analysts also recently issued reports about the stock. Vetr raised shares of Alibaba Group Holding Limited from a hold rating to a buy rating and set a $180.41 target price on the stock in a research report on Monday, August 28th. BidaskClub downgraded shares of Alibaba Group Holding Limited from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. lifted their target price on shares of Alibaba Group Holding Limited to $200.00 and gave the stock an outperform rating in a research report on Sunday, September 3rd. Goldman Sachs Group, Inc. (The) set a $179.00 target price on shares of Alibaba Group Holding Limited and gave the stock a buy rating in a research report on Friday, June 9th. Finally, Deutsche Bank AG dropped their target price on shares of Alibaba Group Holding Limited to $199.00 and set a buy rating on the stock in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $175.55.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at 178.71 on Friday. The firm has a 50 day moving average of $172.62 and a 200 day moving average of $141.01. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $180.87. The stock has a market cap of $454.46 billion, a P/E ratio of 59.31 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion for 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 in the previous year, the company posted $0.74 EPS. On average, equities research analysts predict that Alibaba Group Holding Limited will post $4.95 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the business. AJO LP increased its holdings in Alibaba Group Holding Limited by 55.5% in the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock valued at $18,673,000 after buying an additional 47,324 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Alibaba Group Holding Limited by 18.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock valued at $14,914,000 after purchasing an additional 16,528 shares in the last quarter. Good Life Advisors LLC acquired a new stake in shares of Alibaba Group Holding Limited in the 2nd quarter valued at $218,000. Sylebra HK Co Ltd boosted its stake in shares of Alibaba Group Holding Limited by 0.5% in the 1st quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock valued at $37,490,000 after purchasing an additional 1,631 shares in the last quarter. Finally, Mirador Capital Partners LP acquired a new stake in shares of Alibaba Group Holding Limited in the 2nd quarter valued at $220,000. 37.39% of the stock is currently 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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