Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating restated by investment analysts at SunTrust Banks, Inc. in a research report issued on Friday. They currently have a $210.00 target price on the specialty retailer’s stock. SunTrust Banks, Inc.’s target price would indicate a potential upside of 14.62% from the stock’s current price.

A number of other equities analysts have also recently commented on BABA. BidaskClub raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating in a report on Thursday. Needham & Company LLC raised their target price on Alibaba Group Holding Limited from $155.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 18th. KeyCorp reaffirmed a “buy” rating on shares of Alibaba Group Holding Limited in a report on Friday. Vetr cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 target price on the stock. in a report on Wednesday, August 16th. Finally, Royal Bank Of Canada raised their target price on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alibaba Group Holding Limited presently has a consensus rating of “Buy” and a consensus price target of $183.31.

Alibaba Group Holding Limited (NYSE BABA) opened at $183.21 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $469.23 billion, a price-to-earnings ratio of 53.72, a PEG ratio of 1.57 and a beta of 2.60. Alibaba Group Holding Limited has a twelve month low of $86.01 and a twelve month high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 18.65% and a net margin of 30.87%. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period last year, the firm earned $0.74 EPS. sell-side analysts predict that Alibaba Group Holding Limited will post 3.96 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the company. Suffolk Capital Management LLC raised its stake in shares of Alibaba Group Holding Limited by 83.1% during the third quarter. Suffolk Capital Management LLC now owns 83,306 shares of the specialty retailer’s stock valued at $14,388,000 after acquiring an additional 37,812 shares in the last quarter. FDx Advisors Inc. raised its stake in shares of Alibaba Group Holding Limited by 2.3% during the third quarter. FDx Advisors Inc. now owns 21,213 shares of the specialty retailer’s stock valued at $3,664,000 after acquiring an additional 482 shares in the last quarter. Global X MANAGEMENT CO LLC raised its stake in shares of Alibaba Group Holding Limited by 47.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 51,997 shares of the specialty retailer’s stock valued at $8,980,000 after acquiring an additional 16,783 shares in the last quarter. Essex Financial Services Inc. raised its stake in shares of Alibaba Group Holding Limited by 27.3% during the third quarter. Essex Financial Services Inc. now owns 16,737 shares of the specialty retailer’s stock valued at $2,891,000 after acquiring an additional 3,591 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC raised its stake in shares of Alibaba Group Holding Limited by 28.6% during the third quarter. WESPAC Advisors SoCal LLC now owns 2,379 shares of the specialty retailer’s stock valued at $410,000 after acquiring an additional 529 shares in the last quarter. 37.45% of the stock is owned by hedge funds and other institutional investors.

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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