Alibaba Group Holding Limited (BABA) Receives Average Recommendation of “Buy” from Brokerages

Alibaba Group Holding Limited (NYSE:BABA) has received an average rating of “Buy” from the thirty-seven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $136.46.

A number of brokerages have recently weighed in on BABA. HSBC Holdings plc reaffirmed a “buy” rating and issued a $162.00 price objective (up from $145.00) on shares of Alibaba Group Holding Limited in a research note on Sunday, June 11th. Benchmark Co. lifted their price objective on Alibaba Group Holding Limited from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird lifted their price objective on Alibaba Group Holding Limited from $135.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $160.00 price objective (up from $122.00) on shares of Alibaba Group Holding Limited in a research note on Monday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $139.00 price objective on shares of Alibaba Group Holding Limited in a research note on Friday, June 9th.

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Several institutional investors have recently modified their holdings of the company. Reliance Trust Co. of Delaware boosted its stake in Alibaba Group Holding Limited by 31.5% in the first quarter. Reliance Trust Co. of Delaware now owns 10,216 shares of the specialty retailer’s stock worth $1,101,000 after buying an additional 2,448 shares in the last quarter. Hartwell J M Limited Partnership boosted its stake in Alibaba Group Holding Limited by 6.1% in the first quarter. Hartwell J M Limited Partnership now owns 49,750 shares of the specialty retailer’s stock worth $5,365,000 after buying an additional 2,850 shares in the last quarter. CWM LLC boosted its stake in Alibaba Group Holding Limited by 2.7% in the first quarter. CWM LLC now owns 11,665 shares of the specialty retailer’s stock worth $1,258,000 after buying an additional 304 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Alibaba Group Holding Limited by 6.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 893,522 shares of the specialty retailer’s stock worth $96,348,000 after buying an additional 51,629 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Alibaba Group Holding Limited by 4.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 47,222 shares of the specialty retailer’s stock worth $5,092,000 after buying an additional 1,912 shares in the last quarter. 36.69% of the stock is owned by institutional investors and hedge funds.

Shares of Alibaba Group Holding Limited (NYSE BABA) traded down 0.16% during mid-day trading on Tuesday, hitting $134.87. The stock had a trading volume of 36,431,311 shares. Alibaba Group Holding Limited has a one year low of $73.30 and a one year high of $148.29. The firm has a 50 day moving average of $124.54 and a 200-day moving average of $106.84. The stock has a market cap of $341.22 billion, a P/E ratio of 54.49 and a beta of 2.63.

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

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.

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