Alibaba Group Holding Limited (BABA) Stock Rating Reaffirmed by Credit Suisse Group
Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse Group in a research report issued on Tuesday, Marketbeat.com reports. They currently have a $220.00 target price on the specialty retailer’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 23.21% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $160.00 target price on shares of Alibaba Group Holding Limited in a research note on Thursday, September 21st. Cantor Fitzgerald began coverage on Alibaba Group Holding Limited in a research report on Friday, September 22nd. They issued an “overweight” rating and a $213.00 price target for the company. Vetr lowered Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $178.60 price target for the company. in a research report on Tuesday, August 22nd. MKM Partners increased their price target 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. Finally, SunTrust Banks, Inc. increased their price target 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $175.48.
Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 2.85% during mid-day trading on Tuesday, hitting $178.56. 16,713,914 shares of the stock traded hands. The firm has a 50 day moving average of $171.33 and a 200 day moving average of $140.21. The company has a market cap of $454.08 billion, a P/E ratio of 59.26 and a beta of 2.61. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $180.87.
Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion for the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.74 earnings per share. Equities analysts anticipate that Alibaba Group Holding Limited will post $4.96 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of the company. Shine Investment Advisory Services Inc. purchased a new position in shares of Alibaba Group Holding Limited in the 2nd quarter valued at $102,000. FNY Managed Accounts LLC acquired a new stake in Alibaba Group Holding Limited during the 1st quarter worth $107,000. Lee Financial Co raised its stake in Alibaba Group Holding Limited by 45.5% during 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 raised its stake in Alibaba Group Holding Limited by 147.4% during 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 stake in Alibaba Group Holding Limited during the 2nd quarter worth $116,000. Institutional investors and hedge funds own 37.39% 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.
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