Brokerages Set Alibaba Group Holding Limited (NYSE:BABA) Price Target at $114.07

Alibaba Group Holding Limited (NYSE:BABA) has received an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat reports. Two 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 objective among brokerages that have issued a report on the stock in the last year is $114.07.

A number of brokerages have recently weighed in on BABA. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised their target price on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Susquehanna dropped their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a report on Monday, August 19th. Loop Capital reaffirmed a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Finally, Mizuho raised their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th.

Hedge Funds Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently made changes to their positions in BABA. First Command Advisory Services Inc. purchased a new position in shares of Alibaba Group in the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC lifted its position in Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group during the second quarter worth approximately $27,000. Concord Wealth Partners lifted its position in 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 buying an additional 155 shares in the last quarter. Finally, Highline Wealth Partners LLC purchased a new position in Alibaba Group during the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 1.7 %

Shares of BABA stock opened at $86.59 on Friday. The stock’s 50-day simple moving average is $98.47 and its 200-day simple moving average is $86.01. 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 firm has a market capitalization of $207.18 billion, a PE ratio of 17.56, a P/E/G ratio of 0.42 and a beta of 0.35. Alibaba Group has a fifty-two week low of $66.63 and a fifty-two week high of $117.82.

Alibaba Group (NYSE:BABA) last announced 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 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%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.82 earnings per share. Equities analysts expect that Alibaba Group will post 8.44 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.