Analysts Set Alibaba Group Holding Limited (NYSE:BABA) PT at $195.17

Alibaba Group Holding Limited (NYSE:BABA) has been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $195.1667.

A number of research analysts have commented on BABA shares. Sanford C. Bernstein reduced their price target on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Nomura upped their price objective on shares of Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Freedom Capital lowered shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Erste Group Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, November 28th.

Institutional Trading of Alibaba Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriflex Group Inc. increased its stake in shares of Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after buying an additional 72 shares during the period. Mather Group LLC. bought a new stake in Alibaba Group in the 3rd quarter worth $30,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Alibaba Group in the third quarter valued at about $30,000. NBT Bank N A NY raised its stake in shares of Alibaba Group by 231.5% during the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 125 shares during the last quarter. Finally, Costello Asset Management INC bought a new position in shares of Alibaba Group during the fourth quarter valued at about $34,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 0.9%

NYSE BABA opened at $154.35 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $159.00 and its two-hundred day simple moving average is $155.98. Alibaba Group has a twelve month low of $95.73 and a twelve month high of $192.67. The company has a market capitalization of $368.50 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 3.41 and a beta of 0.39.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.