Alibaba Group Holding Limited (NYSE:BABA) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The brokerage currently has a $202.18 price target on the specialty retailer’s stock. Vetr‘s target price would suggest a potential upside of 15.32% from the stock’s previous close.

A number of other research firms have also recently issued reports on BABA. BidaskClub upgraded Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 12th. HSBC Holdings plc restated a “buy” rating and set a $204.00 price objective (up from $184.00) on shares of Alibaba Group Holding Limited in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Monday, October 9th. Raymond James Financial, Inc. restated a “strong-buy” rating on shares of Alibaba Group Holding Limited in a research report on Thursday, October 5th. Finally, Jefferies Group LLC restated a “buy” rating and set a $160.00 price objective on shares of Alibaba Group Holding Limited in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $179.95.

Alibaba Group Holding Limited (BABA) opened at 175.32 on Monday. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $184.70. The stock has a market capitalization of $445.84 billion, a PE ratio of 58.19 and a beta of 2.60. The stock’s 50 day moving average price is $175.04 and its 200 day moving average price is $144.98.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $0.74 earnings per share. Equities research analysts forecast that Alibaba Group Holding Limited will post $4.98 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Alibaba Group Holding Limited (BABA) Rating Increased to Strong-Buy at Vetr Inc.” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/10/18/alibaba-group-holding-limited-baba-rating-increased-to-strong-buy-at-vetr-inc-2.html.

Institutional investors have recently made changes to their positions in the business. AJO LP increased its holdings in shares of Alibaba Group Holding Limited by 55.5% in the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after acquiring an additional 47,324 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Alibaba Group Holding Limited by 18.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after acquiring an additional 16,528 shares in the last quarter. Good Life Advisors LLC bought a new stake in shares of Alibaba Group Holding Limited in the second quarter worth about $218,000. Sylebra HK Co Ltd increased its holdings in shares of Alibaba Group Holding Limited by 0.5% in the first quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock worth $37,490,000 after acquiring an additional 1,631 shares in the last quarter. Finally, Mirador Capital Partners LP bought a new stake in shares of Alibaba Group Holding Limited in the second quarter worth about $220,000. Institutional investors own 37.34% 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.