Alibaba Group Holding Limited (NYSE:BABA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Alibaba Group Holding Limited (NYSE:BABA) have earned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $115.13.

Several equities analysts have recently weighed in on BABA shares. Robert W. Baird raised their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Citigroup raised their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays cut their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Finally, StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th.

Institutional Trading of Alibaba Group

Institutional investors have recently bought and sold shares of the business. Sanders Capital LLC lifted its position in shares of Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock valued at $1,959,021,000 after acquiring an additional 60,667 shares during the period. Hhlr Advisors LTD. lifted its position in Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after purchasing an additional 3,448,152 shares during the period. Assenagon Asset Management S.A. grew its stake in Alibaba Group by 1,392.6% during the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after buying an additional 5,715,155 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock valued at $431,906,000 after buying an additional 78,757 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alibaba Group by 3,180.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after acquiring an additional 3,740,150 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.1 %

BABA opened at $100.36 on Friday. The stock has a market capitalization of $238.73 billion, a P/E ratio of 20.36, a P/E/G ratio of 0.42 and a beta of 0.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group has a 12 month low of $68.36 and a 12 month high of $117.82. The firm’s fifty day simple moving average is $87.44 and its 200 day simple moving average is $89.33.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 EPS. As a group, research analysts anticipate that Alibaba Group will post 7.86 EPS 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.