Alibaba Group Holding Limited (NYSE:BABA) had its target price decreased by Deutsche Bank AG to $158.00 in a report issued on Monday. The firm currently has a “buy” rating on the specialty retailer’s stock. Deutsche Bank AG’s price target points to a potential upside of 17.15% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Instinet reaffirmed a “buy” rating and issued a $170.00 target price (up from $139.00) on shares of Alibaba Group Holding Limited in a report on Monday. Zacks Investment Research raised Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 target price for the company in a report on Thursday. KeyCorp reaffirmed an “overweight” rating and issued a $160.00 target price (up from $137.00) on shares of Alibaba Group Holding Limited in a report on Monday, June 12th. Stifel Nicolaus upped their target price on Alibaba Group Holding Limited from $45.00 to $49.00 and gave the company a “hold” rating in a report on Monday, June 12th. Finally, Robert W. Baird upped their target price on Alibaba Group Holding Limited from $135.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, three have assigned 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 an average rating of “Buy” and an average price target of $137.03.

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

Shares of Alibaba Group Holding Limited (BABA) traded up 2.78% on Monday, hitting $138.62. The stock had a trading volume of 13,428,318 shares. The company has a market capitalization of $350.71 billion, a price-to-earnings ratio of 56.01 and a beta of 2.63. The company has a 50-day moving average of $124.54 and a 200 day moving average of $106.84. Alibaba Group Holding Limited has a 52 week low of $73.30 and a 52 week high of $148.29.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.01. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company 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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A number of large investors have recently added to or reduced their stakes in BABA. BlackRock Inc. increased its stake in Alibaba Group Holding Limited by 2,538.7% in the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock worth $6,145,123,000 after buying an additional 54,829,289 shares during the last quarter. William Blair Investment Management LLC increased its stake in Alibaba Group Holding Limited by 69.2% in the first quarter. William Blair Investment Management LLC now owns 7,603,566 shares of the specialty retailer’s stock worth $819,893,000 after buying an additional 3,110,026 shares during the last quarter. Baillie Gifford & Co. increased its position in Alibaba Group Holding Limited by 5.5% in the fourth quarter. Baillie Gifford & Co. now owns 48,695,933 shares of the specialty retailer’s stock valued at $4,275,990,000 after buying an additional 2,543,693 shares in the last quarter. Lone Pine Capital LLC increased its position in Alibaba Group Holding Limited by 47.9% in the fourth quarter. Lone Pine Capital LLC now owns 7,619,109 shares of the specialty retailer’s stock valued at $669,034,000 after buying an additional 2,467,648 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in Alibaba Group Holding Limited by 68.6% in the first quarter. Fisher Asset Management LLC now owns 5,505,442 shares of the specialty retailer’s stock valued at $593,652,000 after buying an additional 2,240,084 shares in the last quarter. Institutional investors and hedge funds own 36.73% of the company’s stock.

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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