Alibaba Group Holding Limited (NYSE:BABA) Receives $114.07 Consensus Price Target from Analysts

Alibaba Group Holding Limited (NYSE:BABA) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $114.07.

BABA has been the subject of several research reports. Mizuho boosted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Bank of America upped their target price on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Loop Capital reiterated a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Finally, Robert W. Baird boosted their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. Raymond James & Associates grew its position in Alibaba Group by 5.4% in the 2nd quarter. Raymond James & Associates now owns 394,746 shares of the specialty retailer’s stock worth $28,422,000 after purchasing an additional 20,288 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Alibaba Group in the 2nd quarter worth approximately $70,000. &PARTNERS increased its position in Alibaba Group by 81.7% in the 2nd quarter. &PARTNERS now owns 7,030 shares of the specialty retailer’s stock valued at $506,000 after acquiring an additional 3,160 shares during the period. EdgeRock Capital LLC acquired a new stake in Alibaba Group in the 2nd quarter valued at approximately $40,000. Finally, Cypress Capital Group raised its stake in Alibaba Group by 37.7% during the 2nd quarter. Cypress Capital Group now owns 34,214 shares of the specialty retailer’s stock valued at $2,463,000 after acquiring an additional 9,360 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Up 3.5 %

BABA opened at $85.14 on Thursday. Alibaba Group has a 12 month low of $66.63 and a 12 month high of $117.82. The business has a 50-day moving average of $92.23 and a two-hundred day moving average of $86.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $203.06 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same period in the previous year, the company earned $1.82 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts expect that Alibaba Group will post 8.44 earnings per share for the current year.

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.