Alibaba Group Holding Limited (NYSE:BABA) Receives $109.28 Average Target Price from Brokerages

Alibaba Group Holding Limited (NYSE:BABA) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $107.32.

Several research firms have recently issued reports on BABA. Jefferies Financial Group reissued a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Mizuho reduced their price target on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Sanford C. Bernstein upped their target price on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, August 16th. Loop Capital upped their price objective on Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Citigroup decreased their target price on Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th.

Institutional Trading of Alibaba Group

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Alibaba Group during the fourth quarter worth $329,367,000. H&H International Investment LLC lifted its stake in shares of Alibaba Group by 63.1% in the 4th quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock valued at $384,390,000 after purchasing an additional 1,918,730 shares during the period. Ruffer LLP grew its stake in Alibaba Group by 139.2% during the fourth quarter. Ruffer LLP now owns 3,140,839 shares of the specialty retailer’s stock worth $243,430,000 after purchasing an additional 1,828,019 shares during the period. AMF Tjanstepension AB grew its stake in Alibaba Group by 79.5% during the second quarter. AMF Tjanstepension AB now owns 2,610,884 shares of the specialty retailer’s stock worth $188,197,000 after purchasing an additional 1,156,479 shares during the period. Finally, Marshall Wace LLP increased its holdings in Alibaba Group by 384.2% in the second quarter. Marshall Wace LLP now owns 1,424,944 shares of the specialty retailer’s stock worth $102,596,000 after purchasing an additional 1,130,643 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

NYSE:BABA opened at $81.03 on Friday. Alibaba Group has a 52 week low of $66.63 and a 52 week high of $96.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The firm’s 50-day simple moving average is $76.79 and its 200 day simple moving average is $76.14. The firm has a market cap of $205.61 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 0.48 and a beta of 0.32.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.47 earnings per share. As a group, sell-side analysts predict that Alibaba Group will post 6.96 earnings per share 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.