Alibaba Group Holding Limited (NYSE:BABA) had its price objective hoisted by Stifel Nicolaus from $45.00 to $49.00 in a report issued on Monday, StockTargetPrices.com reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 64.86% from the company’s previous close.

A number of other research firms have also commented on BABA. Royal Bank Of Canada restated an “outperform” rating on shares of Alibaba Group Holding Limited in a research note on Monday, March 6th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $135.00 price objective on shares of Alibaba Group Holding Limited in a research note on Friday, March 17th. New Street Research upgraded shares of Alibaba Group Holding Limited from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $95.00 to $122.00 in a research note on Tuesday, March 21st. CIBC lifted their price objective on shares of Alibaba Group Holding Limited from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, May 23rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $140.00 price objective (up from $130.00) on shares of Alibaba Group Holding Limited in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $133.97.

Analyst Recommendations for Alibaba Group Holding Limited (NYSE:BABA)

Shares of Alibaba Group Holding Limited (BABA) traded down 0.085% during midday trading on Monday, hitting $139.321. 28,554,256 shares of the stock were exchanged. Alibaba Group Holding Limited has a 12 month low of $73.30 and a 12 month high of $148.29. The company has a market cap of $352.48 billion, a PE ratio of 56.291 and a beta of 2.63. The stock has a 50 day moving average price of $121.44 and a 200-day moving average price of $105.37.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, analysts predict that Alibaba Group Holding Limited will post $4.46 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/06/12/stifel-nicolaus-increases-alibaba-group-holding-limited-baba-price-target-to-49-00.html.

A number of institutional investors have recently modified their holdings of BABA. FNY Managed Accounts LLC acquired a new stake in Alibaba Group Holding Limited during the first quarter valued at about $107,000. Webster Bank N. A. increased its stake in Alibaba Group Holding Limited by 25.0% in the first quarter. Webster Bank N. A. now owns 1,175 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 235 shares in the last quarter. WFG Advisors LP increased its stake in Alibaba Group Holding Limited by 5.3% in the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 59 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in Alibaba Group Holding Limited during the fourth quarter valued at about $110,000. Finally, Thompson Davis & CO. Inc. increased its stake in Alibaba Group Holding Limited by 10.1% in the first quarter. Thompson Davis & CO. Inc. now owns 1,360 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 125 shares in the last quarter. 36.69% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Holding Limited Company Profile

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.

Stock Target Prices

Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.