Alibaba Group Holding Limited (NYSE:BABA) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday. They currently have a $206.73 price objective on the specialty retailer’s stock. Vetr‘s target price suggests a potential upside of 11.67% from the company’s current price.

Other research analysts have also recently issued reports about the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $205.00 price objective on shares of Alibaba Group Holding Limited in a research report on Friday, October 20th. Barclays PLC upped their price objective on Alibaba Group Holding Limited to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. BidaskClub raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 12th. Deutsche Bank AG reduced their price objective on Alibaba Group Holding Limited to $199.00 and set a “buy” rating for the company in a research report on Thursday, September 7th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $220.00 price objective (up from $200.00) on shares of Alibaba Group Holding Limited in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alibaba Group Holding Limited presently has a consensus rating of “Buy” and an average target price of $184.45.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at $185.13 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.22. The stock has a market capitalization of $474,910.00, a PE ratio of 52.85, a price-to-earnings-growth ratio of 1.37 and a beta of 2.60. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 22.83% and a net margin of 33.18%. The company had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the prior year, the company earned $0.74 earnings per share. sell-side analysts predict that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Ronald Blue & Co. LLC increased its stake in shares of Alibaba Group Holding Limited by 0.7% in the 2nd quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock valued at $487,000 after purchasing an additional 25 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in shares of Alibaba Group Holding Limited by 1.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock valued at $318,000 after purchasing an additional 30 shares during the last quarter. Mosaic Family Wealth LLC increased its stake in shares of Alibaba Group Holding Limited by 2.9% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock valued at $261,000 after purchasing an additional 52 shares during the last quarter. Steinberg Global Asset Management increased its stake in shares of Alibaba Group Holding Limited by 1.9% in the 2nd quarter. Steinberg Global Asset Management now owns 3,190 shares of the specialty retailer’s stock valued at $449,000 after purchasing an additional 59 shares during the last quarter. Finally, Partnervest Advisory Services LLC increased its stake in shares of Alibaba Group Holding Limited by 1.8% in the 2nd quarter. Partnervest Advisory Services LLC now owns 3,650 shares of the specialty retailer’s stock valued at $514,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 37.47% of the company’s stock.

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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