Vetr upgraded shares of Alibaba Group Holding Limited (NYSE:BABA) from a buy rating to a strong-buy rating in a research note issued to investors on Monday. Vetr currently has $206.84 price objective on the specialty retailer’s stock.
BABA has been the subject of several other research reports. Bank of America Corporation restated a buy rating and set a $200.00 target price on shares of Alibaba Group Holding Limited in a research report on Monday, October 16th. Needham & Company LLC lifted their price objective on Alibaba Group Holding Limited from $190.00 to $215.00 and gave the company a buy rating in a research report on Friday, November 3rd. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $190.00 price objective (up previously from $165.00) on shares of Alibaba Group Holding Limited in a research report on Friday, August 25th. Zacks Investment Research upgraded Alibaba Group Holding Limited from a hold rating to a buy rating and set a $211.00 price objective for the company in a research report on Wednesday, November 8th. Finally, Royal Bank Of Canada lifted their price objective on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an outperform rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $184.45.
Alibaba Group Holding Limited (NYSE:BABA) traded up $0.27 during trading on Monday, hitting $185.70. The company had a trading volume of 8,436,688 shares, compared to its average volume of 14,860,614. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market cap of $474,290.00, a P/E ratio of 52.76, a PEG ratio of 1.37 and a beta of 2.60. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $191.22.
Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results 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. The business had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 22.83% and a net margin of 33.18%. During the same quarter last year, the company earned $0.74 EPS. sell-side analysts anticipate that Alibaba Group Holding Limited will post 4.31 EPS for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in BABA. Shine Investment Advisory Services Inc. bought a new stake in Alibaba Group Holding Limited during the second quarter worth about $102,000. First Eagle Investment Management LLC bought a new stake in Alibaba Group Holding Limited during the third quarter worth about $104,000. Lorber David A bought a new stake in Alibaba Group Holding Limited during the third quarter worth about $109,000. Lee Financial Co raised its holdings in Alibaba Group Holding Limited by 45.5% during the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 250 shares in the last quarter. Finally, Winch Advisory Services LLC raised its holdings in Alibaba Group Holding Limited by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 482 shares in the last quarter. Institutional investors and hedge funds own 37.47% 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.
To view Vetr’s full report, visit Vetr’s official website.
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