Alibaba Group Holding Limited (NYSE:BABA) had its price objective increased by investment analysts at Needham & Company LLC to $190.00 in a report released on Friday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Needham & Company LLC’s price objective indicates a potential upside of 13.43% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank AG restated a “buy” rating and issued a $151.00 price objective (up previously from $144.00) on shares of Alibaba Group Holding Limited in a research report on Friday, May 19th. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $129.84 price objective on the stock. in a research report on Monday, May 8th. MKM Partners restated a “buy” rating and issued a $155.00 price objective (up previously from $130.00) on shares of Alibaba Group Holding Limited in a research report on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and issued a $120.00 price objective on shares of Alibaba Group Holding Limited in a research report on Tuesday, May 16th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $139.00 price objective (up previously from $120.00) on shares of Alibaba Group Holding Limited in a research report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $161.60.

Alibaba Group Holding Limited (BABA) traded up 2.18% during mid-day trading on Friday, reaching $167.50. The company had a trading volume of 31,492,502 shares. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $169.50. The firm has a 50-day moving average price of $152.41 and a 200 day moving average price of $124.57. The firm has a market capitalization of $425.95 billion, a price-to-earnings ratio of 56.78 and a beta of 2.64. Alibaba Group Holding Limited also was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 85,508 put options on the company. This represents an increase of approximately 228% compared to the typical daily volume of 26,062 put options.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 17.42%. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. Analysts expect that Alibaba Group Holding Limited will post $4.74 EPS for the current year.

Alibaba Group Holding Limited declared that its Board of Directors has authorized a share buyback plan on Thursday, May 18th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Shine Investment Advisory Services Inc. bought a new position in shares of Alibaba Group Holding Limited during the second quarter worth $102,000. FNY Managed Accounts LLC bought a new position in shares of Alibaba Group Holding Limited during the first quarter worth $107,000. Lee Financial Co increased its position in shares of Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares during the period. Winch Advisory Services LLC increased its position in shares of Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after buying an additional 482 shares during the period. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Alibaba Group Holding Limited during the second quarter worth $116,000. Institutional investors own 36.81% 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.

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

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