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

Alibaba Group Holding Limited (NYSE:BABA) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $114.07.

BABA has been the topic of a number of research analyst reports. Bank of America lifted their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. Robert W. Baird lifted their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th.

Institutional Trading of Alibaba Group

Institutional investors have recently bought and sold shares of the business. Concord Wealth Partners lifted its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group during the 2nd quarter worth about $27,000. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at about $36,000. First Command Advisory Services Inc. purchased a new stake in shares of Alibaba Group in the 2nd quarter valued at about $25,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

NYSE:BABA opened at $86.59 on Friday. Alibaba Group has a 52 week low of $66.63 and a 52 week high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $207.18 billion, a P/E ratio of 17.56, a P/E/G ratio of 0.42 and a beta of 0.35. The stock’s fifty day moving average is $98.47 and its two-hundred day moving average is $86.01.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts expect that Alibaba Group will post 8.44 EPS 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.