Alibaba Group Holding Limited’s (BABA) Hold Rating Reaffirmed at Atlantic Securities

Atlantic Securities reiterated their hold rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a research note published on Friday, July 14th.

Several other research firms also recently commented on BABA. Vetr downgraded shares of Alibaba Group Holding Limited from a strong-buy rating to a buy rating and set a $160.50 price target on the stock. in a research note on Wednesday, July 5th. Barclays PLC raised their price target on shares of Alibaba Group Holding Limited from $141.00 to $175.00 and gave the stock an overweight rating in a research note on Tuesday, June 27th. J P Morgan Chase & Co began coverage on shares of Alibaba Group Holding Limited in a research note on Tuesday, June 27th. They issued an overweight rating and a $190.00 price target on the stock. Robert W. Baird reaffirmed an outperform rating and issued a $170.00 price target on shares of Alibaba Group Holding Limited in a research note on Thursday, June 22nd. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $201.00 price target (up previously from $158.00) on shares of Alibaba Group Holding Limited in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group Holding Limited has an average rating of Buy and an average price target of $140.99.

Alibaba Group Holding Limited (NYSE BABA) opened at 157.50 on Friday. The stock has a market cap of $398.48 billion, a PE ratio of 62.75 and a beta of 2.64. Alibaba Group Holding Limited has a 52-week low of $84.30 and a 52-week high of $160.39. The firm has a 50 day moving average of $147.55 and a 200-day moving average of $120.38.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same period in the prior year, the company posted $0.47 EPS. Equities analysts anticipate that Alibaba Group Holding Limited will post $4.55 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Alibaba Group Holding Limited’s (BABA) Hold Rating Reaffirmed at Atlantic Securities” was originally posted by BBNS and is the property of of BBNS. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://baseballnewssource.com/markets/alibaba-group-holding-limited-baba-rating-reiterated-by-atlantic-securities-updated-updated/1198914.html.

Alibaba Group Holding Limited declared that its board has authorized a stock repurchase plan on Thursday, May 18th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Several institutional investors have recently bought and sold shares of the stock. WCM Investment Management CA raised its position in Alibaba Group Holding Limited by 7.2% in the first quarter. WCM Investment Management CA now owns 80,179 shares of the specialty retailer’s stock valued at $8,646,000 after buying an additional 5,420 shares during the period. Sheets Smith Wealth Management purchased a new position in Alibaba Group Holding Limited during the first quarter valued at $415,000. Raymond James Trust N.A. raised its position in Alibaba Group Holding Limited by 0.9% in the first quarter. Raymond James Trust N.A. now owns 11,220 shares of the specialty retailer’s stock valued at $1,210,000 after buying an additional 98 shares during the period. Genesis Asset Managers LLP raised its position in Alibaba Group Holding Limited by 31.8% in the first quarter. Genesis Asset Managers LLP now owns 4,304,883 shares of the specialty retailer’s stock valued at $464,196,000 after buying an additional 1,037,631 shares during the period. Finally, Rathbone Brothers plc raised its position in Alibaba Group Holding Limited by 6.2% in the first quarter. Rathbone Brothers plc now owns 32,038 shares of the specialty retailer’s stock valued at $3,455,000 after buying an additional 1,867 shares during the period. 36.75% of the stock is owned by hedge funds and other 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.

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

Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with our FREE daily email newsletter.

 


Latest News

Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury


Leave a Reply

 
© 2006-2017 BBNS.