Raymond James Financial, Inc. reaffirmed their strong-buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a report released on Thursday morning.

Several other equities analysts have also commented on BABA. Needham & Company LLC increased their price target on shares of Alibaba Group Holding Limited from $140.00 to $155.00 and gave the company a buy rating in a research note on Thursday, June 8th. Vetr lowered shares of Alibaba Group Holding Limited from a buy rating to a hold rating and set a $146.97 target price on the stock. in a research report on Thursday, June 8th. Deutsche Bank AG restated a buy rating and set a $151.00 target price on shares of Alibaba Group Holding Limited in a research report on Friday, June 9th. Stifel Nicolaus restated a buy rating and set a $139.00 target price on shares of Alibaba Group Holding Limited in a research report on Friday, June 9th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group Holding Limited currently has an average rating of Buy and a consensus price target of $175.55.

Shares of Alibaba Group Holding Limited (BABA) traded up 0.17% on Thursday, hitting $179.20. 8,741,472 shares of the stock were exchanged. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $180.87. The company’s 50 day moving average is $173.17 and its 200-day moving average is $141.28. The stock has a market cap of $455.71 billion, a PE ratio of 59.48 and a beta of 2.60.

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, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.74 earnings per share. Analysts predict that Alibaba Group Holding Limited will post $4.95 EPS for the current fiscal year.

WARNING: This report was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/10/06/alibaba-group-holding-limiteds-baba-strong-buy-rating-reaffirmed-at-raymond-james-financial-inc.html.

A number of institutional investors and hedge funds have recently bought and sold shares of BABA. Shine Investment Advisory Services Inc. purchased a new stake in Alibaba Group Holding Limited in the 2nd quarter valued at about $102,000. FNY Managed Accounts LLC purchased a new stake in Alibaba Group Holding Limited in the 1st quarter valued at about $107,000. Lee Financial Co grew its holdings 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 buying an additional 250 shares during the period. Winch Advisory Services LLC grew its holdings 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 buying an additional 482 shares during the period. Finally, San Francisco Sentry Investment Group CA purchased a new stake in Alibaba Group Holding Limited in the 2nd quarter valued at about $116,000. Institutional investors own 37.39% of the company’s stock.

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)

Receive News & Stock Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related stocks with our FREE daily email newsletter.