Alibaba Group Holding Limited (NYSE:BABA) had its price objective boosted by stock analysts at Instinet from $139.00 to $170.00 in a research report issued on Monday. The firm currently has a “buy” rating on the specialty retailer’s stock. Instinet’s price target would indicate a potential upside of 26.05% from the company’s current price.

A number of other research firms also recently commented on BABA. Vetr downgraded Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $146.97 target price for the company. in a report on Thursday, June 8th. Deutsche Bank AG reissued a “buy” rating and issued a $151.00 target price on shares of Alibaba Group Holding Limited in a report on Friday, June 9th. Stifel Nicolaus reissued a “buy” rating and issued a $139.00 target price on shares of Alibaba Group Holding Limited in a report on Friday, June 9th. Goldman Sachs Group, Inc. (The) set a $179.00 target price on Alibaba Group Holding Limited and gave the company a “buy” rating in a report on Friday, June 9th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $161.00 target price (up previously from $144.00) on shares of Alibaba Group Holding Limited in a report on Sunday, June 11th. 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 assigned a strong buy rating to the company’s stock. Alibaba Group Holding Limited has an average rating of “Buy” and an average target price of $137.11.

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

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 3.37% during midday trading on Monday, reaching $139.42. 22,314,972 shares of the company traded hands. Alibaba Group Holding Limited has a 1-year low of $73.30 and a 1-year high of $148.29. The stock has a market capitalization of $352.73 billion, a P/E ratio of 56.33 and a beta of 2.63. The stock’s 50-day moving average is $124.54 and its 200-day moving average is $106.84.

Alibaba Group Holding Limited (NYSE:BABA) last released 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 Limited had a net margin of 27.51% and a return on equity of 15.40%. 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 business posted $0.47 EPS. Equities analysts predict that Alibaba Group Holding Limited will post $4.55 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in BABA. Reliance Trust Co. of Delaware raised its position in Alibaba Group Holding Limited by 31.5% in the first quarter. Reliance Trust Co. of Delaware now owns 10,216 shares of the specialty retailer’s stock valued at $1,101,000 after buying an additional 2,448 shares during the period. Hartwell J M Limited Partnership raised its position in Alibaba Group Holding Limited by 6.1% in the first quarter. Hartwell J M Limited Partnership now owns 49,750 shares of the specialty retailer’s stock valued at $5,365,000 after buying an additional 2,850 shares during the period. CWM LLC raised its position in Alibaba Group Holding Limited by 2.7% in the first quarter. CWM LLC now owns 11,665 shares of the specialty retailer’s stock valued at $1,258,000 after buying an additional 304 shares during the period. State of New Jersey Common Pension Fund D raised its position in Alibaba Group Holding Limited by 6.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 893,522 shares of the specialty retailer’s stock valued at $96,348,000 after buying an additional 51,629 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Alibaba Group Holding Limited by 4.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 47,222 shares of the specialty retailer’s stock valued at $5,092,000 after buying an additional 1,912 shares during the period. 36.73% of the stock is currently owned by institutional investors and hedge funds.

About Alibaba Group Holding Limited

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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