Alibaba Group Holding Limited (BABA) Downgraded by Vetr Inc.

Alibaba Group Holding Limited (NYSE:BABA) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday, October 4th. They presently have a $199.42 price target on the specialty retailer’s stock. Vetr‘s target price would suggest a potential upside of 11.06% from the company’s previous close.

Other research analysts have also issued research reports about the company. Jefferies Group LLC reiterated a “buy” rating and set a $160.00 price target (up previously from $122.00) on shares of Alibaba Group Holding Limited in a research report on Monday, June 12th. Benchmark Co. boosted their price objective on Alibaba Group Holding Limited from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, June 12th. HSBC Holdings plc reissued a “buy” rating and issued a $162.00 price objective (up previously from $145.00) on shares of Alibaba Group Holding Limited in a research note on Sunday, June 11th. Bank of America Corporation reissued a “buy” rating and issued a $161.00 price objective (up previously from $144.00) on shares of Alibaba Group Holding Limited in a research note on Sunday, June 11th. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 price objective on Alibaba Group Holding Limited and gave the stock a “buy” rating in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have given a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $178.57.

Alibaba Group Holding Limited (BABA) opened at 179.56 on Wednesday. The company has a market capitalization of $456.62 billion, a PE ratio of 59.60 and a beta of 2.61. The firm’s 50-day moving average is $175.04 and its 200 day moving average is $144.98. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $184.70.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business 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 firm posted $0.74 EPS. On average, equities analysts expect that Alibaba Group Holding Limited will post $4.98 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the stock. Wilbanks Smith & Thomas Asset Management LLC raised its stake in Alibaba Group Holding Limited by 0.9% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock worth $276,000 after buying an additional 23 shares during the period. Ronald Blue & Co. LLC raised its stake in Alibaba Group Holding Limited by 0.7% during the 2nd quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock worth $487,000 after buying an additional 25 shares during the period. Cornerstone Advisors Inc. raised its stake in Alibaba Group Holding Limited by 1.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock worth $318,000 after buying an additional 30 shares during the period. Comerica Securities Inc. raised its stake in shares of Alibaba Group Holding Limited by 1.9% in the 1st quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock valued at $272,000 after purchasing an additional 47 shares during the period. Finally, Mosaic Family Wealth LLC raised its stake in shares of Alibaba Group Holding Limited by 2.9% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock valued at $261,000 after purchasing an additional 52 shares during the period. 37.34% of the stock is currently owned by institutional investors and hedge funds.

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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