Alibaba Group Holding Limited (NYSE:BABA) Stock Rating Lowered by Vetr Inc.

Vetr downgraded shares of Alibaba Group Holding Limited (NYSE:BABA) from a strong-buy rating to a buy rating in a research note released on Tuesday, September 12th. The brokerage currently has $193.24 price target on the specialty retailer’s stock.

Several other brokerages have also commented on BABA. Robert W. Baird lifted their price objective on Alibaba Group Holding Limited from $170.00 to $190.00 and gave the stock an outperform rating in a report on Friday, August 18th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a $208.00 target price (up from $200.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, August 20th. CIBC lifted their target price on Alibaba Group Holding Limited from $130.00 to $140.00 and gave the company an outperform rating in a research report on Tuesday, May 23rd. J P Morgan Chase & Co began coverage on Alibaba Group Holding Limited in a research report on Tuesday, June 27th. They set an overweight rating and a $190.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. reiterated an outperform rating and set a $140.00 target price (up from $130.00) on shares of Alibaba Group Holding Limited in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $169.20.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at 178.14 on Tuesday. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $180.87. The stock has a 50 day moving average price of $166.56 and a 200-day moving average price of $135.68. The company has a market capitalization of $453.01 billion, a PE ratio of 59.80 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The company had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Equities research analysts expect that Alibaba Group Holding Limited will post $5.01 EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in BABA. Shine Investment Advisory Services Inc. acquired a new stake in Alibaba Group Holding Limited during the 2nd quarter worth about $102,000. FNY Managed Accounts LLC acquired a new stake in Alibaba Group Holding Limited during the 1st quarter worth about $107,000. Lee Financial Co grew its position in Alibaba Group Holding Limited by 45.5% during the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 250 shares during the period. Winch Advisory Services LLC grew its position in Alibaba Group Holding Limited by 147.4% during the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 482 shares during the period. Finally, San Francisco Sentry Investment Group CA acquired a new stake in Alibaba Group Holding Limited during the 2nd quarter worth about $116,000. 37.38% of the stock is currently owned by institutional investors.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Alibaba Group Holding Limited (NYSE:BABA)

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