Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating reaffirmed by equities research analysts at HSBC Holdings plc in a research note issued to investors on Tuesday. They currently have a $204.00 price objective on the specialty retailer’s stock. HSBC Holdings plc’s price target would indicate a potential upside of 10.46% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on BABA. Benchmark Co. boosted their price target on Alibaba Group Holding Limited from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, June 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $160.00 target price (up from $122.00) on shares of Alibaba Group Holding Limited in a research note on Monday, June 12th. Robert W. Baird upped their target price on Alibaba Group Holding Limited from $135.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 12th. Stifel Nicolaus upped their target price on Alibaba Group Holding Limited from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, June 12th. Finally, KeyCorp reiterated an “overweight” rating and issued a $160.00 target price (up from $137.00) on shares of Alibaba Group Holding Limited in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $177.09.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at 184.69 on Tuesday. The firm has a market capitalization of $469.67 billion, a P/E ratio of 61.30 and a beta of 2.60. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $184.70. The firm has a 50 day moving average price of $174.71 and a 200-day moving average price of $143.69.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post $4.99 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in BABA. State of Wisconsin Investment Board bought a new position in Alibaba Group Holding Limited during the 1st quarter worth approximately $484,000. WFG Advisors LP lifted its holdings in Alibaba Group Holding Limited by 5.3% during the 1st quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock worth $127,000 after buying an additional 59 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Alibaba Group Holding Limited by 5.4% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,325,662 shares of the specialty retailer’s stock worth $142,946,000 after buying an additional 67,459 shares during the last quarter. Tredje AP fonden bought a new position in Alibaba Group Holding Limited during the 1st quarter worth approximately $2,157,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in Alibaba Group Holding Limited by 22.5% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 334,945 shares of the specialty retailer’s stock worth $36,117,000 after buying an additional 61,459 shares during the last quarter. 37.39% 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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