Alibaba Group Holding Limited (NYSE:BABA) had its target price decreased by equities research analysts at Deutsche Bank AG to $199.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the specialty retailer’s stock. Deutsche Bank AG’s target price suggests a potential upside of 16.73% from the company’s previous close.

Several other brokerages have also recently weighed in on BABA. Vetr cut Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $178.60 price objective for the company. in a report on Tuesday, August 22nd. MKM Partners lifted their price objective on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. SunTrust Banks, Inc. lifted their price objective on Alibaba Group Holding Limited from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $190.00 price objective (up from $165.00) on shares of Alibaba Group Holding Limited in a report on Friday, August 25th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group Holding Limited in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have assigned a buy rating and three have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $169.12.

Shares of Alibaba Group Holding Limited (NYSE BABA) traded up 1.39% on Thursday, hitting $170.48. The company had a trading volume of 15,141,851 shares. The company has a market capitalization of $433.53 billion, a P/E ratio of 57.85 and a beta of 2.62. The firm has a 50-day moving average price of $160.92 and a 200 day moving average price of $130.95. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $177.00.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same period last year, the firm posted $0.74 EPS. Equities analysts expect that Alibaba Group Holding Limited will post $5.07 EPS for the current year.

Alibaba Group Holding Limited declared that its board has authorized a share repurchase program on Thursday, May 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Alibaba Group Holding Limited by 2,538.7% during the 1st 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 period. Capital Research Global Investors raised its stake in Alibaba Group Holding Limited by 2.2% during the 2nd quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock worth $4,736,830,000 after buying an additional 738,281 shares during the period. FMR LLC raised its stake in Alibaba Group Holding Limited by 42.5% during the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after buying an additional 7,544,165 shares during the period. Schroder Investment Management Group raised its stake in Alibaba Group Holding Limited by 3.3% during the 1st quarter. Schroder Investment Management Group now owns 24,415,309 shares of the specialty retailer’s stock worth $2,657,606,000 after buying an additional 776,232 shares during the period. Finally, OppenheimerFunds Inc. raised its stake in Alibaba Group Holding Limited by 10.4% during the 1st quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock worth $2,332,996,000 after buying an additional 2,030,747 shares during the period. 37.40% of the stock is currently owned by institutional investors and hedge funds.

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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