Shares of Alibaba Group Holding Limited (NYSE:BABA) have been given an average rating of “Buy” by the thirty-nine brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $176.87.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Monday. Raymond James Financial, Inc. reissued a “strong-buy” rating on shares of Alibaba Group Holding Limited in a research note on Thursday, October 5th. Vetr downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $199.42 target price on the stock. in a research note on Wednesday, October 4th. Jefferies Group LLC reissued a “buy” rating and set a $160.00 target price on shares of Alibaba Group Holding Limited in a research note on Thursday, September 21st. Finally, Cantor Fitzgerald assumed coverage on shares of Alibaba Group Holding Limited in a research note on Friday, September 22nd. They set an “overweight” rating and a $213.00 target price on the stock.

Alibaba Group Holding Limited (NYSE:BABA) traded up 0.5584% during trading on Wednesday, reaching $184.1425. The company’s stock had a trading volume of 7,810,992 shares. The firm has a 50-day moving average price of $174.42 and a 200-day moving average price of $143.40. The firm has a market capitalization of $471.62 billion, a P/E ratio of 74.5516 and a beta of 2.60. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $184.53.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $7.16 billion. During the same period in the previous year, the business earned $0.74 EPS. On average, equities analysts anticipate that Alibaba Group Holding Limited will post $4.94 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. acquired a new position in Alibaba Group Holding Limited in the second quarter worth about $102,000. Lee Financial Co raised its position in Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 250 shares in the last quarter. Winch Advisory Services LLC raised its position in Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 482 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Alibaba Group Holding Limited in the second quarter worth about $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Alibaba Group Holding Limited by 29.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 200 shares in the last quarter. 37.39% of the stock is owned by hedge funds and other institutional investors.

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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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