Alibaba Group Holding Limited (NYSE:BABA) Receives $114.07 Average Target Price from Brokerages

Shares of Alibaba Group Holding Limited (NYSE:BABA) have received an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $114.07.

Several research firms have recently commented on BABA. Mizuho upped their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Loop Capital restated a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Barclays reduced their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Robert W. Baird upped their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Monday, October 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Command Advisory Services Inc. purchased a new position in shares of Alibaba Group during the second quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group in the second quarter worth $27,000. Concord Wealth Partners lifted its position 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 worth $27,000 after purchasing an additional 155 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group during the third quarter valued at $36,000. Finally, Asset Dedication LLC increased its stake in Alibaba Group by 315.0% in the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after buying an additional 400 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

BABA opened at $85.52 on Thursday. The company’s 50-day simple moving average is $91.11 and its two-hundred day simple moving average is $86.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $203.97 billion, a P/E ratio of 17.35, a P/E/G ratio of 0.44 and a beta of 0.30. Alibaba Group has a 52-week low of $66.63 and a 52-week high of $117.82.

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