Raymond James Financial, Inc. Reaffirms Strong-Buy Rating for Alibaba Group Holding Limited (NYSE:BABA)

Raymond James Financial, Inc. restated their strong-buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a research note released on Thursday, October 5th.

BABA has been the subject of several other reports. Vetr upgraded Alibaba Group Holding Limited from a hold rating to a buy rating and set a $180.41 target price for the company in a report on Monday, August 28th. Stifel Nicolaus upped their price target on Alibaba Group Holding Limited from $180.00 to $190.00 and gave the stock a buy rating in a report on Monday, August 21st. BidaskClub lowered Alibaba Group Holding Limited from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. Oppenheimer Holdings, Inc. upped their price target on Alibaba Group Holding Limited to $200.00 and gave the stock an outperform rating in a report on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 price target on Alibaba Group Holding Limited and gave the stock a buy rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $178.57.

Alibaba Group Holding Limited (NYSE:BABA) opened at 179.56 on Thursday. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $184.70. The firm has a 50 day moving average of $175.04 and a 200-day moving average of $144.98. The stock has a market cap of $456.62 billion, a PE ratio of 59.60 and a beta of 2.61.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share 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 firm had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period in the previous year, the company earned $0.74 EPS. On average, analysts expect that Alibaba Group Holding Limited will post $4.98 earnings per share for the current year.

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Large investors have recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. bought a new position in shares of Alibaba Group Holding Limited during the second quarter worth about $102,000. Lee Financial Co grew its stake in Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 250 shares in the last quarter. Winch Advisory Services LLC lifted its position in shares of Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in shares of Alibaba Group Holding Limited in the second quarter valued at approximately $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of Alibaba Group Holding Limited by 29.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock valued at $125,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 37.34% of the company’s stock.

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.

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

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