Alibaba Group Holding Limited (NYSE:BABA) had its target price lifted by stock analysts at UBS AG from $175.00 to $200.00 in a research note issued to investors on Friday, www.briefing.com reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. UBS AG’s price target indicates a potential upside of 22.01% from the company’s previous close.

BABA has been the topic of a number of other reports. BidaskClub cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) set a $179.00 price objective on shares of Alibaba Group Holding Limited and gave the company a “buy” rating in a research note on Friday, June 9th. Vetr raised shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $173.25 price objective on the stock in a research note on Tuesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $120.00 price objective on shares of Alibaba Group Holding Limited in a research note on Tuesday, May 23rd. Finally, CIBC increased 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group Holding Limited currently has an average rating of “Buy” and an average target price of $153.46.

Alibaba Group Holding Limited (NYSE BABA) traded up 2.01% during trading on Friday, hitting $167.22. 11,196,773 shares of the stock traded hands. The company’s 50 day moving average price is $151.65 and its 200-day moving average price is $124.10. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $168.00. The stock has a market cap of $423.07 billion, a P/E ratio of 66.17 and a beta of 2.64. Alibaba Group Holding Limited also was the recipient of some unusual options trading activity on Wednesday. Stock investors bought 85,508 put options on the company. This is an increase of 228% compared to the typical daily volume of 26,062 put options.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 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 $0.74 EPS. Equities research analysts forecast that Alibaba Group Holding Limited will post $4.65 earnings per share for the current fiscal year.

Alibaba Group Holding Limited announced that its board has initiated a share repurchase plan on Thursday, May 18th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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A number of large investors have recently bought and sold shares of BABA. Columbus Circle Investors bought a new stake in Alibaba Group Holding Limited during the first quarter worth about $1,416,000. Sanders Morris Harris Inc. bought a new stake in Alibaba Group Holding Limited during the first quarter worth about $447,000. Rothschild Investment Corp IL bought a new stake in Alibaba Group Holding Limited during the first quarter worth about $250,000. Hermes Investment Management Ltd. boosted its stake in Alibaba Group Holding Limited by 15.8% in the first quarter. Hermes Investment Management Ltd. now owns 2,731,046 shares of the specialty retailer’s stock worth $294,489,000 after buying an additional 372,228 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in Alibaba Group Holding Limited by 9.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 331,438 shares of the specialty retailer’s stock worth $35,741,000 after buying an additional 27,480 shares during the last quarter. Institutional investors own 36.81% of the company’s stock.

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.

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

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