Analysts Set Alibaba Group Holding Limited (NYSE:BABA) PT at $107.61

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been given a consensus rating of “Moderate Buy” by the sixteen analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $107.61.

BABA has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, August 16th. Barclays lowered their target price on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. Robert W. Baird raised their price target on Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Bank of America upped their price objective on shares of Alibaba Group from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.

Institutional Investors Weigh In On Alibaba Group

Several large investors have recently modified their holdings of BABA. ICA Group Wealth Management LLC boosted its position in shares of Alibaba Group by 14.6% in the 2nd quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 128 shares during the period. Bogart Wealth LLC boosted its holdings in shares of Alibaba Group by 16.7% in the first quarter. Bogart Wealth LLC now owns 990 shares of the specialty retailer’s stock worth $72,000 after buying an additional 142 shares during the period. Legacy Advisors LLC increased its position in shares of Alibaba Group by 1.4% in the fourth quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock worth $826,000 after acquiring an additional 145 shares in the last quarter. North Star Investment Management Corp. lifted its position in shares of Alibaba Group by 11.2% in the 1st quarter. North Star Investment Management Corp. now owns 1,533 shares of the specialty retailer’s stock valued at $111,000 after acquiring an additional 154 shares in the last quarter. Finally, EPIQ Capital Group LLC lifted its position in shares of Alibaba Group by 0.3% in the 2nd quarter. EPIQ Capital Group LLC now owns 46,091 shares of the specialty retailer’s stock valued at $3,396,000 after acquiring an additional 157 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Up 0.8 %

Shares of Alibaba Group stock opened at $85.51 on Tuesday. Alibaba Group has a twelve month low of $66.63 and a twelve month high of $90.46. The stock has a market capitalization of $216.97 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.41 and a beta of 0.33. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $79.66 and its 200-day simple moving average is $77.14.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The company had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. During the same period last year, the business posted $2.47 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that Alibaba Group will post 7.93 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.