Alibaba Group Holding Limited (NYSE:BABA) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They presently have a $197.98 target price on the specialty retailer’s stock. Vetr‘s target price would indicate a potential upside of 9.03% from the company’s current price.

A number of other analysts have also weighed in on the company. BidaskClub lowered Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $205.00 price objective on shares of Alibaba Group Holding Limited in a research report on Friday, October 20th. KeyCorp set a $182.00 price objective on Alibaba Group Holding Limited and gave the stock a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research lowered Alibaba Group Holding Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $200.00 target price on shares of Alibaba Group Holding Limited in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $181.31.

Shares of Alibaba Group Holding Limited (NYSE BABA) traded up 3.08% during mid-day trading on Monday, reaching $181.58. The company’s stock had a trading volume of 20,219,707 shares. The stock has a 50 day moving average of $176.64 and a 200-day moving average of $150.30. The stock has a market cap of $461.76 billion, a P/E ratio of 60.27 and a beta of 2.61. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $184.70.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping 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 business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. On average, equities research analysts expect that Alibaba Group Holding Limited will post $4.91 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. AJO LP lifted its position in Alibaba Group Holding Limited by 55.5% in the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock valued at $18,673,000 after purchasing an additional 47,324 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Alibaba Group Holding Limited by 18.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock valued at $14,914,000 after buying an additional 16,528 shares in the last quarter. Good Life Advisors LLC purchased a new position in Alibaba Group Holding Limited in the second quarter valued at about $218,000. Sylebra HK Co Ltd increased its holdings in Alibaba Group Holding Limited by 0.5% in the first quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock valued at $37,490,000 after buying an additional 1,631 shares in the last quarter. Finally, Mirador Capital Partners LP purchased a new position in Alibaba Group Holding Limited in the second quarter valued at about $220,000. Hedge funds and other institutional investors own 37.45% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

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

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