Shares of Alibaba Group Holding Ltd (NYSE:BABA) have been assigned an average rating of “Buy” from the thirty-three ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $231.66.

BABA has been the subject of a number of recent research reports. ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, May 4th. KeyCorp increased their target price on Alibaba Group from $219.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, May 7th. Oppenheimer increased their target price on Alibaba Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, May 7th. Stifel Nicolaus increased their target price on Alibaba Group from $260.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, May 7th. Finally, Benchmark reissued a “buy” rating and issued a $245.00 target price on shares of Alibaba Group in a report on Monday, May 7th.

Shares of BABA traded down $2.33 during mid-day trading on Wednesday, reaching $177.68. The company had a trading volume of 14,674,000 shares, compared to its average volume of 18,985,639. Alibaba Group has a twelve month low of $153.10 and a twelve month high of $211.70. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27. The stock has a market cap of $461.03 billion, a PE ratio of 44.19, a PEG ratio of 1.15 and a beta of 2.49.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vicus Capital increased its holdings in Alibaba Group by 11.8% during the 1st quarter. Vicus Capital now owns 2,465 shares of the specialty retailer’s stock valued at $452,000 after purchasing an additional 260 shares in the last quarter. KCM Investment Advisors LLC boosted its position in Alibaba Group by 14.3% in the 1st quarter. KCM Investment Advisors LLC now owns 2,151 shares of the specialty retailer’s stock valued at $395,000 after buying an additional 269 shares during the last quarter. RNC Capital Management LLC boosted its position in Alibaba Group by 16.9% in the 2nd quarter. RNC Capital Management LLC now owns 1,905 shares of the specialty retailer’s stock valued at $353,000 after buying an additional 275 shares during the last quarter. Private Asset Management Inc. boosted its position in Alibaba Group by 0.9% in the 2nd quarter. Private Asset Management Inc. now owns 30,193 shares of the specialty retailer’s stock valued at $5,542,000 after buying an additional 276 shares during the last quarter. Finally, First United Bank Trust boosted its position in Alibaba Group by 4.9% in the 2nd quarter. First United Bank Trust now owns 5,942 shares of the specialty retailer’s stock valued at $1,102,000 after buying an additional 280 shares during the last quarter. 38.01% of the stock is owned by hedge funds and other institutional investors.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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