Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating reiterated by research analysts at HSBC Holdings plc in a research report issued on Tuesday. They presently have a $204.00 price objective on the specialty retailer’s stock. HSBC Holdings plc’s price target points to a potential upside of 11.40% from the company’s current price.

Several other research firms also recently weighed in on BABA. Benchmark Co. increased their price target on shares of Alibaba Group Holding Limited from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, June 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $160.00 price target (up from $122.00) on shares of Alibaba Group Holding Limited in a research report on Monday, June 12th. Robert W. Baird increased their price target on shares of Alibaba Group Holding Limited from $135.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, June 12th. Stifel Nicolaus increased their price target on shares of Alibaba Group Holding Limited from $45.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, June 12th. Finally, KeyCorp reiterated an “overweight” rating and issued a $160.00 price target (up from $137.00) on shares of Alibaba Group Holding Limited in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-four have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $177.09.

Alibaba Group Holding Limited (NYSE BABA) traded up 0.78% during midday trading on Tuesday, hitting $184.54. 9,063,199 shares of the company were exchanged. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $184.60. The stock has a 50 day moving average of $174.42 and a 200-day moving average of $143.40. The stock has a market capitalization of $472.64 billion, a price-to-earnings ratio of 74.71 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter last year, the company posted $0.74 earnings per share. Equities analysts expect that Alibaba Group Holding Limited will post $4.99 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted 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 worth $6,145,123,000 after buying an additional 54,829,289 shares in the last quarter. Temasek Holdings Private Ltd boosted its holdings in Alibaba Group Holding Limited by 13.7% during the second quarter. Temasek Holdings Private Ltd now owns 54,076,397 shares of the specialty retailer’s stock worth $4,300,696,000 after buying an additional 6,526,596 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Alibaba Group Holding Limited by 5.5% during the fourth quarter. Baillie Gifford & Co. now owns 48,695,933 shares of the specialty retailer’s stock worth $4,275,990,000 after buying an additional 2,543,693 shares in the last quarter. Capital Research Global Investors boosted its holdings in Alibaba Group Holding Limited by 7.3% during the third quarter. Capital Research Global Investors now owns 38,759,360 shares of the specialty retailer’s stock worth $4,100,353,000 after buying an additional 2,637,869 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Alibaba Group Holding Limited by 102.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 31,179,716 shares of the specialty retailer’s stock worth $3,298,502,000 after buying an additional 15,751,926 shares in the last quarter. 37.39% of the stock is currently owned by hedge funds and other 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.

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

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