Deutsche Bank AG Trims Alibaba Group Holding Limited (BABA) Target Price to $199.00

Alibaba Group Holding Limited (NYSE:BABA) had its price target reduced by Deutsche Bank AG to $199.00 in a research report sent to investors on Thursday. They currently have a buy rating on the specialty retailer’s stock.

Other research analysts have also issued reports about the stock. Vetr upgraded shares of Alibaba Group Holding Limited from a hold rating to a buy rating and set a $180.41 price objective on the stock in a report on Monday, August 28th. Stifel Nicolaus increased their price objective on shares of Alibaba Group Holding Limited from $180.00 to $190.00 and gave the stock a buy rating in a report on Monday, August 21st. BidaskClub lowered shares of Alibaba Group Holding Limited from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. Oppenheimer Holdings, Inc. increased their price objective on shares of Alibaba Group Holding Limited to $200.00 and gave the stock an outperform rating in a report on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 price objective on shares of Alibaba Group Holding Limited and gave the stock a buy rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $169.12.

Alibaba Group Holding Limited (NYSE BABA) opened at 169.00 on Thursday. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $177.00. The firm’s 50-day moving average is $161.90 and its 200-day moving average is $131.51. The stock has a market capitalization of $429.77 billion, a P/E ratio of 57.35 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period last year, the company earned $0.74 EPS. On average, equities research analysts predict that Alibaba Group Holding Limited will post $5.10 EPS for the current fiscal year.

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Alibaba Group Holding Limited declared that its board has approved a share repurchase program on Thursday, May 18th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Hedge funds have recently bought and sold shares of the business. Shine Investment Advisory Services Inc. bought a new stake in Alibaba Group Holding Limited in the second quarter valued at $102,000. Lee Financial Co lifted its stake in Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares during the last quarter. Winch Advisory Services LLC lifted its stake in Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new stake in Alibaba Group Holding Limited in the second quarter valued at $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Alibaba Group Holding Limited by 29.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock valued at $125,000 after buying an additional 200 shares during the last quarter. Institutional investors own 37.40% of the company’s stock.

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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