Alibaba Group Holding Limited (NYSE:BABA) Receives $107.61 Average Price Target from Analysts

Alibaba Group Holding Limited (NYSE:BABA) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $107.61.

BABA has been the subject of a number of research reports. Barclays reduced their price objective on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Friday, August 16th. Morgan Stanley restated an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a report on Friday, August 23rd. JPMorgan Chase & Co. boosted their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Sanford C. Bernstein raised their target price on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th.

Hedge Funds Weigh In On Alibaba Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BABA. First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group during the 2nd quarter worth approximately $25,000. GPS Wealth Strategies Group LLC boosted its stake 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 bought a new stake in Alibaba Group in the 2nd quarter valued at $27,000. Register Financial Advisors LLC bought a new stake in Alibaba Group in the 1st quarter valued at $31,000. Finally, Asset Dedication LLC lifted its holdings in shares of Alibaba Group by 315.0% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 400 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Shares of BABA opened at $85.51 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $216.97 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 0.41 and a beta of 0.33. The business’s 50-day moving average is $79.66 and its 200-day moving average is $77.14. Alibaba Group has a fifty-two week low of $66.63 and a fifty-two week high of $90.46.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the prior year, the business earned $2.47 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts expect that Alibaba Group will post 7.93 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.