Alibaba Group Holding Limited (NYSE:BABA) Receives $115.13 Average PT from Brokerages

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $115.13.

A number of equities analysts have weighed in on BABA shares. Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Monday, October 7th. Robert W. Baird raised their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Bank of America upped their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th.

Institutional Investors Weigh In On Alibaba Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BABA. Concord Wealth Partners lifted its holdings in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group during the second quarter valued at $27,000. Highline Wealth Partners LLC bought a new position in Alibaba Group in the third quarter valued at about $36,000. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the fourth quarter worth about $31,000. Finally, Assetmark Inc. grew its stake in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 3.3 %

NYSE BABA opened at $85.16 on Monday. The firm has a market capitalization of $202.93 billion, a PE ratio of 17.27, a P/E/G ratio of 0.40 and a beta of 0.30. The stock’s 50 day moving average is $86.24 and its 200 day moving average is $87.59. Alibaba Group has a twelve month low of $66.63 and a twelve month high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.82 EPS. Research analysts forecast that Alibaba Group will post 8.44 earnings per share for the current fiscal year.

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.