KeyCorp Reiterates “Buy” Rating for Alibaba Group Holding Limited (BABA)

KeyCorp reaffirmed their buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a research report sent to investors on Friday, November 3rd.

Several other equities analysts have also commented on BABA. Needham & Company LLC increased their price target on shares of Alibaba Group Holding Limited from $155.00 to $190.00 and gave the company a buy rating in a research note on Friday, August 18th. Vetr downgraded Alibaba Group Holding Limited from a strong-buy rating to a buy rating and set a $175.06 price objective for the company. in a report on Wednesday, August 16th. Royal Bank Of Canada increased their price objective on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an outperform rating in a report on Friday, August 18th. Bank of America Corporation increased their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a buy rating in a report on Friday, August 18th. Finally, BidaskClub raised Alibaba Group Holding Limited from a buy rating to a strong-buy rating in a report on Thursday, August 10th. 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 one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $184.45.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down $1.06 during trading on Friday, reaching $189.84. 14,406,452 shares of the company’s stock traded hands, compared to its average volume of 14,922,609. The stock has a market capitalization of $486,210.00, a price-to-earnings ratio of 54.65, a P/E/G ratio of 1.42 and a beta of 2.60. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC acquired a new position in shares of Alibaba Group Holding Limited in the 3rd quarter valued at about $104,000. Lorber David A acquired a new position in shares of Alibaba Group Holding Limited in the 3rd quarter valued at about $109,000. Shine Investment Advisory Services Inc. acquired a new position in shares of Alibaba Group Holding Limited in the 2nd quarter valued at about $102,000. Lee Financial Co lifted its stake in shares of Alibaba Group Holding Limited by 45.5% in the 2nd 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. Finally, Winch Advisory Services LLC lifted its stake in shares of Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 482 shares in the last quarter. 37.39% 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.

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

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