Alibaba Group Holding Limited (NYSE:BABA) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday. The firm currently has a $190.25 price target on the specialty retailer’s stock. Vetr‘s price objective points to a potential upside of 12.57% from the stock’s previous close.

A number of other brokerages also recently issued reports on BABA. Barclays PLC raised their price objective on Alibaba Group Holding Limited to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and set a $120.00 price objective on shares of Alibaba Group Holding Limited in a research report on Tuesday, May 16th. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 price objective for the company in a research report on Thursday, June 15th. BidaskClub downgraded Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, CIBC raised their price objective on Alibaba Group Holding Limited from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have issued a buy rating and three have issued a strong buy rating to the company’s stock. Alibaba Group Holding Limited has a consensus rating of “Buy” and an average price target of $169.12.

Alibaba Group Holding Limited (NYSE BABA) traded down 0.87% on Wednesday, hitting $169.00. The company had a trading volume of 12,345,308 shares. The firm has a 50-day moving average price of $161.90 and a 200-day moving average price of $131.51. The firm has a market capitalization of $432.84 billion, a PE ratio of 68.42 and a beta of 2.62. 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 posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion during the quarter, compared to the consensus estimate 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 company earned $0.74 earnings per share. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post $5.10 earnings per share for the current fiscal year.

Alibaba Group Holding Limited declared that its Board of Directors has approved a share buyback program 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. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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A number of institutional investors have recently made changes to their positions in BABA. ING Groep NV raised its holdings in Alibaba Group Holding Limited by 20.1% in the 1st quarter. ING Groep NV now owns 62,227 shares of the specialty retailer’s stock worth $6,710,000 after purchasing an additional 10,414 shares during the period. Eqis Capital Management Inc. bought a new position in Alibaba Group Holding Limited in the 1st quarter worth $382,000. British Airways Pensions Investment Management Ltd raised its holdings in Alibaba Group Holding Limited by 6.8% in the 1st quarter. British Airways Pensions Investment Management Ltd now owns 483,896 shares of the specialty retailer’s stock worth $52,151,000 after purchasing an additional 30,971 shares during the period. Capital One National Association bought a new position in Alibaba Group Holding Limited in the 1st quarter worth $236,000. Finally, First Trust Advisors LP raised its holdings in Alibaba Group Holding Limited by 34.6% in the 1st quarter. First Trust Advisors LP now owns 144,165 shares of the specialty retailer’s stock worth $15,545,000 after purchasing an additional 37,066 shares during the period. 37.40% of the stock is currently owned by institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

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

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