Alibaba Group Holding Limited’s (BABA) “Buy” Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a report released on Thursday. The firm currently has a $160.00 price target on the specialty retailer’s stock.

BABA has been the subject of a number of other research reports. Vetr upgraded shares of Alibaba Group Holding Limited from a hold rating to a buy rating and set a $180.41 target price for the company in a research report on Monday, August 28th. Stifel Nicolaus lifted their target price on shares of Alibaba Group Holding Limited from $180.00 to $190.00 and gave the stock a buy rating in a research report on Monday, August 21st. BidaskClub cut shares of Alibaba Group Holding Limited from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. lifted their target price on shares of Alibaba Group Holding Limited to $200.00 and gave the stock an outperform rating in a research report on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 target price on shares of Alibaba Group Holding Limited and gave the stock a buy rating in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group Holding Limited presently has an average rating of Buy and a consensus target price of $171.37.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at 178.14 on Thursday. The firm has a 50-day moving average of $166.56 and a 200-day moving average of $135.68. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $180.87. The firm has a market cap of $453.01 billion, a P/E ratio of 59.12 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. During the same quarter in the previous year, the business posted $0.74 earnings per share. On average, equities analysts forecast that Alibaba Group Holding Limited will post $5.01 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Alibaba Group Holding Limited by 2,538.7% in the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock valued at $6,145,123,000 after acquiring an additional 54,829,289 shares in the last quarter. Capital Research Global Investors raised its holdings in Alibaba Group Holding Limited by 2.2% in the second quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock valued at $4,736,830,000 after acquiring an additional 738,281 shares in the last quarter. FMR LLC raised its holdings in Alibaba Group Holding Limited by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after acquiring an additional 7,544,165 shares in the last quarter. Schroder Investment Management Group raised its holdings in Alibaba Group Holding Limited by 3.3% in the first quarter. Schroder Investment Management Group now owns 24,415,309 shares of the specialty retailer’s stock valued at $2,657,606,000 after acquiring an additional 776,232 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its holdings in Alibaba Group Holding Limited by 10.4% in the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock valued at $2,332,996,000 after acquiring an additional 2,030,747 shares in the last quarter. 37.38% of the stock is currently 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)

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