Alibaba Group Holding Limited (NYSE:BABA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Alibaba Group is a Chinese e-Commerce giant which caters mainly to its native market. The company delivered strong fiscal second-quarter results driven by robust growth in core e-commerce business. Other drivers include strong mobile and international strength. Also, on a year to date basis, the stock has outperformed the industry it belongs to. Alibaba’s strong core e-commerce business, its continued efforts to develop new products, international growth opportunities, strong financial position and growing cloud computing services are positives. However, macro headwinds, continued investments and increasing competition from Tencent Holdings and Baidu remain the overhangs.”

A number of other research firms have also recently issued reports on BABA. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Alibaba Group Holding Limited in a report on Monday, November 6th. Vetr upgraded Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $206.84 price target on the stock in a report on Monday, November 13th. BidaskClub upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC increased their price target on Alibaba Group Holding Limited from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Robert W. Baird increased their price target on Alibaba Group Holding Limited from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $184.45.

Alibaba Group Holding Limited (BABA) opened at $189.84 on Friday. The stock has a market capitalization of $486,209.47, a P/E ratio of 55.19, a price-to-earnings-growth ratio of 1.43 and a beta of 2.61. Alibaba Group Holding Limited has a twelve month low of $86.01 and a twelve month high of $191.75. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21.

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Several hedge funds have recently bought and sold shares of BABA. Shine Investment Advisory Services Inc. bought a new position in Alibaba Group Holding Limited in the 2nd quarter worth about $102,000. First Eagle Investment Management LLC bought a new position in Alibaba Group Holding Limited in the 3rd quarter worth about $104,000. Lorber David A bought a new position in Alibaba Group Holding Limited in the 3rd quarter worth about $109,000. Lee Financial Co boosted its stake in Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 250 shares during the period. Finally, Winch Advisory Services LLC boosted its stake in Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 482 shares during the period. Institutional investors own 37.39% 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.

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

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