Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “strong-buy” rating reiterated by equities research analysts at Raymond James Financial, Inc. in a research report issued on Thursday.

A number of other equities analysts have also recently issued reports on BABA. Needham & Company LLC boosted their price objective on shares of Alibaba Group Holding Limited from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, June 8th. Vetr cut shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $146.97 price objective on the stock. in a research report on Thursday, June 8th. Deutsche Bank AG restated a “buy” rating and issued a $151.00 price objective on shares of Alibaba Group Holding Limited in a research report on Friday, June 9th. Stifel Nicolaus restated a “buy” rating and issued a $139.00 price objective on shares of Alibaba Group Holding Limited in a research report on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 target price on shares of Alibaba Group Holding Limited and gave the company a “buy” rating in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-four have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $175.55.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 0.42% during mid-day trading on Thursday, reaching $179.46. 9,621,488 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $172.62 and a 200-day moving average price of $141.01. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $180.87. The stock has a market cap of $456.37 billion, a PE ratio of 59.56 and a beta of 2.60.

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. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. On average, analysts predict that Alibaba Group Holding Limited will post $4.95 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in BABA. BlackRock Inc. increased its holdings in Alibaba Group Holding Limited by 2,538.7% during the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock valued at $6,145,123,000 after buying an additional 54,829,289 shares during the last quarter. FMR LLC increased its holdings in Alibaba Group Holding Limited by 42.5% during the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after buying an additional 7,544,165 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Alibaba Group Holding Limited by 87.4% during the second quarter. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer’s stock valued at $1,453,929,000 after buying an additional 4,813,431 shares during the last quarter. Third Point LLC purchased a new stake in Alibaba Group Holding Limited during the second quarter valued at approximately $634,050,000. Finally, Hillhouse Capital Management Ltd. increased its holdings in Alibaba Group Holding Limited by 38,449.4% during the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock valued at $503,076,000 after buying an additional 3,561,187 shares during the last quarter. 37.39% of the stock is 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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