Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating reissued by analysts at KeyCorp in a note issued to investors on Friday.

Other analysts have also issued research reports about the company. Macquarie lifted their target price on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 18th. Bank of America Corporation lifted their target price on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 18th. BidaskClub raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird raised their price target on Alibaba Group Holding Limited from $190.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Needham & Company LLC raised their price target on Alibaba Group Holding Limited from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $183.31.

Alibaba Group Holding Limited (NYSE:BABA) traded down $2.87 during trading on Friday, hitting $183.21. The company’s stock had a trading volume of 19,697,343 shares, compared to its average volume of 17,490,000. The company has a market cap of $469.23 billion, a price-to-earnings ratio of 53.72, a price-to-earnings-growth ratio of 1.57 and a beta of 2.60. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.22. 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 posted 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. The business had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 18.65% and a net margin of 30.87%. During the same quarter last year, the company earned $0.74 EPS. research analysts expect that Alibaba Group Holding Limited will post 3.96 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the business. AJO LP lifted its holdings in Alibaba Group Holding Limited by 55.5% during the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after buying an additional 47,324 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Alibaba Group Holding Limited by 18.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after purchasing an additional 16,528 shares in the last quarter. Good Life Advisors LLC acquired a new position in shares of Alibaba Group Holding Limited during the second quarter worth $218,000. Aperio Group LLC increased its position in shares of Alibaba Group Holding Limited by 10.6% during the third quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock worth $33,579,000 after purchasing an additional 18,663 shares in the last quarter. Finally, Sylebra HK Co Ltd increased its position in shares of Alibaba Group Holding Limited by 0.5% during the first quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock worth $37,490,000 after purchasing an additional 1,631 shares in the last quarter. Institutional investors own 37.45% of the company’s stock.

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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