Alibaba Group Holding Limited (NYSE:BABA) Upgraded by BidaskClub to Buy

Alibaba Group Holding Limited (NYSE:BABA) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday, November 2nd.

Other equities analysts also recently issued research reports about the stock. Macquarie reaffirmed a “buy” rating and set a $245.00 price target on shares of Alibaba Group Holding Limited in a research note on Monday, October 16th. They noted that the move was a valuation call. Vetr raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 price target for the company in a research note on Monday, August 28th. Stifel Nicolaus lifted their price objective on shares of Alibaba Group Holding Limited from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, August 21st. Barclays PLC raised their price target on shares of Alibaba Group Holding Limited from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Monday, October 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 one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $184.45.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up $2.90 during trading hours on Thursday, hitting $190.90. 19,616,322 shares of the company’s stock were exchanged, compared to its average volume of 14,924,769. The firm has a market cap of $488,920.00, a price-to-earnings ratio of 53.82, a PEG ratio of 1.40 and a beta of 2.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. Alibaba Group Holding Limited has a 1 year low of $86.01 and a 1 year high of $191.56.

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A number of institutional investors have recently made changes to their positions in BABA. AJO LP raised its position in Alibaba Group Holding Limited by 55.5% in the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock valued at $18,673,000 after purchasing an additional 47,324 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Alibaba Group Holding Limited by 18.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after acquiring an additional 16,528 shares in the last quarter. Good Life Advisors LLC acquired a new stake in shares of Alibaba Group Holding Limited during the 2nd quarter worth about $218,000. Aperio Group LLC raised its position in shares of Alibaba Group Holding Limited by 10.6% during the 3rd quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock worth $33,579,000 after acquiring an additional 18,663 shares in the last quarter. Finally, Sylebra HK Co Ltd raised its position in shares of Alibaba Group Holding Limited by 0.5% during the 1st quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock worth $37,490,000 after acquiring an additional 1,631 shares in the last quarter. Institutional investors own 37.39% of the company’s stock.

About Alibaba Group Holding Limited

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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