Shares of Alibaba Group Holding Limited (NYSE:BABA) have been assigned a consensus rating of “Buy” from the thirty-eight research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, thirty-two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $170.83.

Several research analysts have recently weighed in on BABA shares. Needham & Company LLC upped their price objective on Alibaba Group Holding Limited from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, May 19th. Barclays PLC increased their price target on Alibaba Group Holding Limited from $132.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, May 19th. Stifel Nicolaus reissued a “buy” rating and set a $139.00 price target (up from $120.00) on shares of Alibaba Group Holding Limited in a research report on Friday, May 19th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a $142.00 price target on shares of Alibaba Group Holding Limited in a research report on Friday, May 19th. Finally, Robert W. Baird reissued an “outperform” rating and set a $135.00 price target (up from $116.00) on shares of Alibaba Group Holding Limited in a research report on Friday, May 19th.

Alibaba Group Holding Limited (NYSE:BABA) traded down 0.23% during trading on Friday, hitting $176.70. The company had a trading volume of 26,567,550 shares. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $179.93. The company has a market capitalization of $449.35 billion, a price-to-earnings ratio of 59.32 and a beta of 2.62. The firm has a 50-day moving average of $165.20 and a 200 day moving average of $134.13.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results 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 return on equity of 16.85% and a net margin of 28.77%. The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $5.04 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of Alibaba Group Holding Limited by 0.9% during the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock valued at $276,000 after acquiring an additional 23 shares in the last quarter. Ronald Blue & Co. LLC boosted its holdings in Alibaba Group Holding Limited by 0.7% in the second quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock worth $487,000 after purchasing an additional 25 shares during the last quarter. Cornerstone Advisors Inc. boosted its holdings in Alibaba Group Holding Limited by 1.3% in the second quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock worth $318,000 after purchasing an additional 30 shares during the last quarter. Comerica Securities Inc. boosted its holdings in Alibaba Group Holding Limited by 1.9% in the first quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock worth $272,000 after purchasing an additional 47 shares during the last quarter. Finally, Mosaic Family Wealth LLC boosted its holdings in Alibaba Group Holding Limited by 2.9% in the second quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock worth $261,000 after purchasing an additional 52 shares during the last quarter. 37.40% of the stock is owned by institutional investors and hedge funds.

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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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