Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating restated by investment analysts at Pacific Crest in a report issued on Monday. They presently have a $137.00 target price on the specialty retailer’s stock. Pacific Crest’s target price points to a potential upside of 1.58% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $135.00 target price on shares of Alibaba Group Holding Limited in a report on Friday, March 17th. Royal Bank Of Canada restated a “buy” rating and issued a $120.00 target price on shares of Alibaba Group Holding Limited in a report on Tuesday, May 16th. Stifel Nicolaus restated a “buy” rating and issued a $139.00 target price (up from $120.00) on shares of Alibaba Group Holding Limited in a report on Friday, May 19th. CIBC boosted their target price on shares of Alibaba Group Holding Limited from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, May 23rd. Finally, Zacks Investment Research downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $137.11.

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

Shares of Alibaba Group Holding Limited (NYSE BABA) traded up 2.891% during trading on Monday, hitting $138.769. 17,972,151 shares of the stock traded hands. Alibaba Group Holding Limited has a 52-week low of $73.30 and a 52-week high of $148.29. The firm has a market cap of $351.09 billion, a PE ratio of 56.068 and a beta of 2.63. The company’s 50 day moving average is $124.54 and its 200 day moving average is $106.84.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly 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 Limited had a return on equity of 15.40% and a net margin of 27.51%. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter last year, the firm earned $0.47 earnings per share. On average, equities research analysts predict that Alibaba Group Holding Limited will post $4.55 EPS for the current year.

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Hedge funds have recently modified their holdings of the company. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of Alibaba Group Holding Limited 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 period. Comerica Securities Inc. boosted its stake in shares of Alibaba Group Holding Limited 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 period. WFG Advisors LP boosted its stake in shares of 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 worth $127,000 after buying an additional 59 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in shares of Alibaba Group Holding Limited 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 period. Finally, Raymond James Trust N.A. boosted its stake in shares of Alibaba Group Holding Limited by 0.9% in the first quarter. Raymond James Trust N.A. now owns 11,220 shares of the specialty retailer’s stock worth $1,210,000 after buying an additional 98 shares during the period. 36.73% of the stock is currently owned by 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.

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