Barclays PLC Increases Alibaba Group Holding Ltd (BABA) Price Target to $132.00

Alibaba Group Holding Ltd (NYSE:BABA) had its price objective boosted by stock analysts at Barclays PLC from $130.00 to $132.00 in a research report issued on Wednesday, May 10th. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. Barclays PLC’s target price would suggest a potential upside of 7.13% from the stock’s previous close.

Several other research firms also recently weighed in on BABA. Needham & Company LLC lifted their target price on shares of Alibaba Group Holding from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Alibaba Group Holding in a research report on Tuesday, January 24th. Brean Capital restated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Alibaba Group Holding in a research report on Tuesday, January 24th. Vetr lowered shares of Alibaba Group Holding from a “strong-buy” rating to a “buy” rating and set a $129.84 target price for the company. in a research report on Monday, May 8th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $117.00 price objective on shares of Alibaba Group Holding in a report on Tuesday, January 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company. Alibaba Group Holding currently has an average rating of “Buy” and an average target price of $127.97.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

Alibaba Group Holding (NYSE:BABA) traded up 1.61% during midday trading on Wednesday, reaching $123.22. 21,101,695 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $114.81 and a 200 day moving average price of $102.16. Alibaba Group Holding has a 52 week low of $73.30 and a 52 week high of $126.40. The company has a market cap of $306.20 billion, a price-to-earnings ratio of 56.73 and a beta of 2.73.

Alibaba Group Holding (NYSE:BABA) last released its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. Alibaba Group Holding had a net margin of 26.56% and a return on equity of 14.88%. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the previous year, the business earned $0.47 earnings per share. Analysts anticipate that Alibaba Group Holding will post $4.25 EPS for the current year.

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A number of large investors have recently modified their holdings of the company. Nippon Life Insurance Co. increased its stake in shares of Alibaba Group Holding by 6.9% in the third quarter. Nippon Life Insurance Co. now owns 7,469 shares of the specialty retailer’s stock valued at $790,000 after buying an additional 483 shares during the period. Virginia Retirement Systems ET AL increased its position in Alibaba Group Holding by 7.5% in the third quarter. Virginia Retirement Systems ET AL now owns 77,700 shares of the specialty retailer’s stock worth $8,220,000 after buying an additional 5,400 shares during the last quarter. APG Asset Management N.V. increased its position in Alibaba Group Holding by 16.8% in the third quarter. APG Asset Management N.V. now owns 3,867,442 shares of the specialty retailer’s stock worth $409,137,000 after buying an additional 556,000 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in Alibaba Group Holding during the third quarter worth approximately $427,000. Finally, Seven Bridges Advisors LLC increased its position in Alibaba Group Holding by 2.8% in the third quarter. Seven Bridges Advisors LLC now owns 8,799 shares of the specialty retailer’s stock worth $931,000 after buying an additional 240 shares during the last quarter. Institutional investors own 35.17% of the company’s stock.

About Alibaba Group Holding

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.

12 Month Chart for NYSE:BABA

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