Alibaba Group Holding Ltd (NYSE:BABA)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank of Canada in a research note issued to investors on Tuesday. They currently have a $120.00 price objective on the specialty retailer’s stock. Royal Bank of Canada’s price target would indicate a potential downside of 3.22% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. HSBC Holdings plc lifted their target price on shares of Alibaba Group Holding from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $140.00 target price (up previously from $130.00) on shares of Alibaba Group Holding in a research report on Monday, May 22nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $151.00 target price (up previously from $144.00) on shares of Alibaba Group Holding in a research report on Friday, May 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $135.00 target price (up previously from $120.00) on shares of Alibaba Group Holding in a research report on Friday, May 19th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $135.00 target price (up previously from $116.00) on shares of Alibaba Group Holding in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $129.74.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

Shares of Alibaba Group Holding (NYSE:BABA) traded up 0.29% during trading on Tuesday, reaching $123.99. The company’s stock had a trading volume of 7,558,893 shares. The company has a market capitalization of $313.69 billion, a price-to-earnings ratio of 50.36 and a beta of 2.73. The firm’s 50-day moving average price is $117.07 and its 200-day moving average price is $103.06. Alibaba Group Holding has a one year low of $73.30 and a one year high of $126.40.

Alibaba Group Holding (NYSE:BABA) last posted its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. Alibaba Group Holding had a return on equity of 14.88% and a net margin of 26.56%. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same period last year, the firm posted $0.47 EPS. On average, equities analysts anticipate that Alibaba Group Holding will post $4.34 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in BABA. Marianas Fund Management LLC bought a new stake in shares of Alibaba Group Holding during the first quarter valued at approximately $2,308,000. Boston Common Asset Management LLC boosted its stake in shares of Alibaba Group Holding by 1.3% in the first quarter. Boston Common Asset Management LLC now owns 243,876 shares of the specialty retailer’s stock valued at $26,297,000 after buying an additional 3,130 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Alibaba Group Holding by 60.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 82,706 shares of the specialty retailer’s stock valued at $8,918,000 after buying an additional 31,206 shares during the last quarter. North Star Asset Management Inc. boosted its stake in shares of Alibaba Group Holding by 2.6% in the first quarter. North Star Asset Management Inc. now owns 20,963 shares of the specialty retailer’s stock valued at $2,260,000 after buying an additional 540 shares during the last quarter. Finally, Kimelman & Baird LLC boosted its stake in shares of Alibaba Group Holding by 20.0% in the first quarter. Kimelman & Baird LLC now owns 3,000 shares of the specialty retailer’s stock valued at $323,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds 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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