Alibaba Group Holding Limited (NYSE:BABA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been assigned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $191.8947.

BABA has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and issued a $195.00 target price on shares of Alibaba Group in a research note on Tuesday, November 25th. Sanford C. Bernstein cut their price objective on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Nomura boosted their target price on shares of Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Robert W. Baird increased their target price on Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, Macquarie reiterated an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th.

Alibaba Group Trading Down 1.8%

Shares of BABA opened at $158.20 on Thursday. Alibaba Group has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The business has a 50-day moving average of $167.89 and a 200 day moving average of $139.58. The firm has a market cap of $377.48 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.48 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46.

Institutional Investors Weigh In On Alibaba Group

Institutional investors and hedge funds have recently modified their holdings of the company. Ameriflex Group Inc. increased its holdings in Alibaba Group by 101.4% during the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 72 shares during the period. Mather Group LLC. bought a new position in Alibaba Group in the 3rd quarter valued at $30,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Alibaba Group during the 3rd quarter valued at $30,000. NBT Bank N A NY increased its holdings in shares of Alibaba Group by 231.5% in the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 125 shares during the period. Finally, 1248 Management LLC purchased a new stake in shares of Alibaba Group in the first quarter worth $26,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.