Alibaba Group Holding Ltd (NYSE:BABA) has earned an average recommendation of “Buy” from the thirty-six brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, thirty-one have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $213.17.
Several equities research analysts have recently issued reports on the company. Macquarie reaffirmed a “buy” rating and issued a $245.00 price target on shares of Alibaba Group in a research report on Monday, October 16th. They noted that the move was a valuation call. Barclays raised their price target on Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a research report on Monday, December 4th. Robert W. Baird raised their price target on Alibaba Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, BidaskClub downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd.
Alibaba Group (BABA) traded up $3.01 during trading on Tuesday, reaching $180.45. 8,657,857 shares of the company’s stock traded hands, compared to its average volume of 23,250,904. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $463,060.00, a P/E ratio of 44.44, a price-to-earnings-growth ratio of 1.43 and a beta of 2.58. Alibaba Group has a 52-week low of $100.11 and a 52-week high of $206.20.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. Ascend Capital LLC bought a new position in Alibaba Group during the fourth quarter worth about $26,211,000. Ibex Wealth Advisors bought a new position in Alibaba Group during the fourth quarter worth about $2,059,000. Carnegie Capital Asset Management LLC bought a new position in Alibaba Group during the fourth quarter worth about $213,000. Buckingham Asset Management LLC lifted its stake in Alibaba Group by 52.3% during the fourth quarter. Buckingham Asset Management LLC now owns 2,402 shares of the specialty retailer’s stock worth $414,000 after purchasing an additional 825 shares during the period. Finally, Commerce Bank lifted its stake in Alibaba Group by 12.2% during the fourth quarter. Commerce Bank now owns 4,491 shares of the specialty retailer’s stock worth $774,000 after purchasing an additional 488 shares during the period. Institutional investors and hedge funds own 37.88% of the company’s stock.
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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.
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