Alibaba Group (NYSE:BABA)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a report issued on Wednesday.

Other equities analysts have also issued research reports about the company. Bank of America reissued a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group in a research note on Monday, October 16th. Needham & Company LLC upped their price target on Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 price target (up previously from $165.00) on shares of Alibaba Group in a research note on Friday, August 25th. Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 price target on the stock. in a research note on Wednesday, October 4th. Finally, Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $185.14.

Alibaba Group (BABA) traded up $1.74 on Wednesday, hitting $176.38. The stock had a trading volume of 17,517,821 shares, compared to its average volume of 15,366,141. The company has a market capitalization of $459,189.28, a PE ratio of 52.12, a PEG ratio of 1.36 and a beta of 2.52. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group has a 1-year low of $86.01 and a 1-year high of $191.75.

Several institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new stake in Alibaba Group in the third quarter worth about $104,000. Lorber David A bought a new stake in Alibaba Group in the 3rd quarter worth approximately $109,000. Winch Advisory Services LLC grew its position in Alibaba Group 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. San Francisco Sentry Investment Group CA bought a new stake in Alibaba Group in the 2nd quarter worth approximately $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Alibaba Group by 29.0% in the 2nd 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 during the period. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

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Alibaba Group 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 (NYSE:BABA)

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