Alibaba Group Holding Ltd (NYSE:BABA)‘s stock had its “outperform” rating reiterated by investment analysts at Sanford C. Bernstein in a research report issued on Wednesday. They currently have a $135.00 target price on the specialty retailer’s stock, up from their prior target price of $130.00. Sanford C. Bernstein’s price objective would suggest a potential upside of 9.93% from the stock’s current price.

Other equities analysts have also issued reports about the company. Robert W. Baird reissued an “outperform” rating and issued a $135.00 price target (up from $116.00) on shares of Alibaba Group Holding in a research note on Friday, May 19th. MKM Partners reissued a “buy” rating and issued a $130.00 price target on shares of Alibaba Group Holding in a research note on Tuesday, April 18th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $140.00 price target (up from $130.00) on shares of Alibaba Group Holding in a research note on Monday. Cantor Fitzgerald reissued an “overweight” rating and issued a $135.00 price target (up from $120.00) on shares of Alibaba Group Holding in a research note on Friday, May 19th. Finally, Vetr lowered Alibaba Group Holding from a “strong-buy” rating to a “buy” rating and set a $131.78 price target on the stock. in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $129.74.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

Alibaba Group Holding (NYSE:BABA) traded down 0.10% during mid-day trading on Wednesday, reaching $122.81. The company had a trading volume of 8,376,742 shares. Alibaba Group Holding has a one year low of $73.30 and a one year high of $126.40. The firm has a market capitalization of $310.71 billion, a P/E ratio of 49.88 and a beta of 2.73. The firm’s 50-day moving average is $116.15 and its 200-day moving average is $102.72.

Alibaba Group Holding (NYSE:BABA) last issued its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Alibaba Group Holding had a net margin of 26.56% and a return on equity of 14.88%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the firm posted $0.47 earnings per share. On average, equities research analysts anticipate that Alibaba Group Holding will post $4.25 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of Alibaba Group Holding by 0.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock worth $276,000 after buying an additional 23 shares during the last quarter. Comerica Securities Inc. raised its stake in Alibaba Group Holding by 1.9% in the first quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock worth $272,000 after buying an additional 47 shares during the last quarter. WFG Advisors LP raised its stake in Alibaba Group Holding by 5.3% in the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock worth $127,000 after buying an additional 59 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in Alibaba Group Holding by 2.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 2,490 shares of the specialty retailer’s stock worth $219,000 after buying an additional 60 shares during the last quarter. Finally, Ruggie Capital Group raised its stake in Alibaba Group Holding by 2.2% in the third quarter. Ruggie Capital Group now owns 3,393 shares of the specialty retailer’s stock worth $359,000 after buying an additional 74 shares during the last quarter. Institutional investors own 35.17% of the company’s stock.

About Alibaba Group Holding

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.

12 Month Chart for NYSE:BABA

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