Alibaba Group Holding Ltd (NYSE:BABA) has earned an average rating of “Buy” from the thirty-three analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, thirty have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $230.76.
Several analysts have recently weighed in on the stock. Raymond James restated a “strong-buy” rating and set a $300.00 price objective (up previously from $250.00) on shares of Alibaba Group in a research report on Thursday, May 24th. Wells Fargo & Co boosted their price objective on shares of Alibaba Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, June 14th. KeyCorp boosted their price objective on shares of Alibaba Group from $219.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, May 7th. Deutsche Bank set a $204.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Thursday, April 5th. Finally, Oppenheimer boosted their price objective on shares of Alibaba Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, May 7th.
Institutional investors and hedge funds have recently made changes to their positions in the business. MUFG Americas Holdings Corp acquired a new position in Alibaba Group in the 4th quarter valued at $101,000. Avestar Capital LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth $102,000. Trustcore Financial Services LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth $107,000. Riverhead Capital Management LLC acquired a new position in shares of Alibaba Group during the 1st quarter worth $110,000. Finally, Wagner Wealth Management LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth $123,000. 37.83% of the stock is currently owned by institutional investors.
Alibaba Group stock traded down $0.20 during trading on Monday, reaching $202.01. The stock had a trading volume of 9,620,604 shares, compared to its average volume of 17,413,670. Alibaba Group has a 52-week low of $137.52 and a 52-week high of $211.70. The company has a quick ratio of 1.97, a current ratio of 1.89 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $517.89 billion, a P/E ratio of 50.13, a P/E/G ratio of 1.22 and a beta of 2.54.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.11). The company had revenue of $9.87 billion for the quarter, compared to analysts’ expectations of $9.36 billion. Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. During the same quarter in the prior year, the firm posted $0.63 EPS. research analysts anticipate that Alibaba Group will post 5.36 earnings per share for the current fiscal year.
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.