Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating reiterated by equities research analysts at J P Morgan Chase & Co in a note issued to investors on Wednesday. They presently have a $200.00 target price on the specialty retailer’s stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 18.34% from the company’s current price.

BABA has been the subject of a number of other research reports. Vetr raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 price objective for the company in a research report on Monday, August 28th. Stifel Nicolaus lifted their price objective on Alibaba Group Holding Limited from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, August 21st. BidaskClub cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. lifted their price objective on Alibaba Group Holding Limited to $200.00 and gave the company an “outperform” rating in a research report on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 price objective on Alibaba Group Holding Limited and gave the company a “buy” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have given a buy rating and three have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $169.12.

Alibaba Group Holding Limited (BABA) traded down 0.87% during trading on Wednesday, reaching $169.00. The company had a trading volume of 12,345,308 shares. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $177.00. The stock 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 $429.77 billion, a price-to-earnings ratio of 57.35 and a beta of 2.62.

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. The firm 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 quarter last year, the firm earned $0.74 earnings per share. On average, equities research analysts predict that Alibaba Group Holding Limited will post $5.10 earnings per share for the current year.

Alibaba Group Holding Limited declared that its Board of Directors has approved a stock repurchase program on Thursday, May 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “J P Morgan Chase & Co Reaffirms Buy Rating for Alibaba Group Holding Limited (BABA)” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/09/10/j-p-morgan-chase-co-reaffirms-buy-rating-for-alibaba-group-holding-limited-baba.html.

Institutional investors and hedge funds have recently made changes to their positions in the company. Shine Investment Advisory Services Inc. acquired a new position in shares of Alibaba Group Holding Limited in the 2nd quarter worth approximately $102,000. FNY Managed Accounts LLC acquired a new position in shares of Alibaba Group Holding Limited in the 1st quarter worth approximately $107,000. Lee Financial Co boosted its holdings in shares of Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 250 shares in the last quarter. Winch Advisory Services LLC boosted its holdings in shares of Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of Alibaba Group Holding Limited in the 2nd quarter worth approximately $116,000. 37.40% 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.

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

Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.