Analysts Set Alibaba Group Holding Limited (NYSE:BABA) Price Target at $114.00

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $113.13.

A number of analysts recently weighed in on BABA shares. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Robert W. Baird boosted their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Loop Capital reiterated a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Sanford C. Bernstein boosted their price objective on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, August 16th. Finally, Susquehanna lowered their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th.

Hedge Funds Weigh In On Alibaba Group

Institutional investors have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. bought a new position in Alibaba Group in the second quarter worth $25,000. GPS Wealth Strategies Group LLC raised its holdings in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Alibaba Group in the second quarter worth $27,000. Concord Wealth Partners increased its holdings in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the third quarter valued at $36,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA opened at $97.57 on Wednesday. The stock has a 50-day moving average price of $95.62 and a 200-day moving average price of $83.99. The company has a market cap of $233.67 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 0.46 and a beta of 0.35. Alibaba Group has a 12-month low of $66.63 and a 12-month high of $117.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. Alibaba Group’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.47 EPS. As a group, equities analysts forecast that Alibaba Group will post 8.08 earnings per share for the current fiscal year.

About Alibaba Group

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.