Alibaba Group Holding Limited (NYSE:BABA) Receives $168.81 Consensus Target Price from Analysts

Shares of Alibaba Group Holding Limited (NYSE:BABA) have earned a consensus recommendation of “Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $172.8125.

Several equities research analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Alibaba Group in a research report on Wednesday. Jefferies Financial Group increased their target price on Alibaba Group from $165.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Robert W. Baird upped their price target on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays upped their price target on shares of Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Finally, UBS Group restated a “buy” rating and set a $162.00 price target on shares of Alibaba Group in a research note on Sunday, August 31st.

Institutional Trading of Alibaba Group

A number of institutional investors and hedge funds have recently made changes to their positions in BABA. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Alibaba Group during the first quarter worth approximately $26,000. Summit Securities Group LLC lifted its stake in Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 59,000 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in Alibaba Group during the 1st quarter worth about $26,000. 1248 Management LLC purchased a new stake in Alibaba Group during the 1st quarter worth about $26,000. Finally, Rosenberg Matthew Hamilton purchased a new position in shares of Alibaba Group in the 2nd quarter valued at about $26,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

NYSE BABA opened at $171.88 on Friday. Alibaba Group has a 52 week low of $80.06 and a 52 week high of $180.16. The firm has a market capitalization of $409.77 billion, a P/E ratio of 19.99, a PEG ratio of 2.02 and a beta of 0.11. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $134.37 and a 200-day moving average price of $124.70.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.