Alibaba Group Holding Limited (NYSE:BABA) Receives $195.17 Average Price Target from Brokerages

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been assigned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $195.1667.

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, January 21st. Barclays lifted their price objective on shares of Alibaba Group from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Rosenblatt Securities set a $195.00 target price on shares of Alibaba Group in a research report on Wednesday, November 26th. Finally, Erste Group Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday.

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. Traphagen Investment Advisors LLC boosted its position in shares of Alibaba Group by 2.0% during the 3rd quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer’s stock valued at $539,000 after acquiring an additional 59 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in Alibaba Group by 26.4% during the third quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 63 shares in the last quarter. Bluesphere Advisors LLC lifted its position in Alibaba Group by 2.2% during the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock valued at $540,000 after purchasing an additional 64 shares during the last quarter. Richardson Financial Services Inc. grew its stake in shares of Alibaba Group by 34.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock worth $45,000 after buying an additional 65 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in shares of Alibaba Group by 1.0% in the 3rd quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock worth $1,191,000 after buying an additional 66 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Up 0.2%

BABA opened at $154.60 on Tuesday. The stock has a market cap of $369.10 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 3.38 and a beta of 0.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. The firm’s fifty day moving average is $158.99 and its 200 day moving average is $156.51. Alibaba Group has a fifty-two week low of $95.73 and a fifty-two week high of $192.67.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.