TheStreet lowered shares of Alibaba Group Holding Limited (NYSE:BABA) to a hold rating in a report released on Thursday.

A number of other equities research analysts also recently weighed in on BABA. Morgan Stanley set a $140.00 price target on shares of Alibaba Group Holding Limited and gave the company a buy rating in a report on Monday, February 6th. Goldman Sachs Group, Inc. (The) upped their price target on shares of Alibaba Group Holding Limited from $128.00 to $135.00 and gave the company a conviction-buy rating in a report on Friday, February 3rd. Zacks Investment Research raised shares of Alibaba Group Holding Limited from a hold rating to a strong-buy rating and set a $117.00 price target for the company in a report on Tuesday, January 31st. Vetr raised shares of Alibaba Group Holding Limited from a hold rating to a buy rating and set a $107.50 price target for the company in a report on Monday, January 30th. Finally, HSBC Holdings plc upped their price target on shares of Alibaba Group Holding Limited to $125.00 in a report on Wednesday, January 25th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Alibaba Group Holding Limited currently has an average rating of Buy and a consensus price target of $120.05.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down 0.487% on Thursday, reaching $101.055. 3,310,372 shares of the company’s stock traded hands. The stock has a market capitalization of $251.12 billion, a PE ratio of 46.377 and a beta of 2.73. The company has a 50 day moving average of $97.82 and a 200-day moving average of $97.28. Alibaba Group Holding Limited has a 52 week low of $64.66 and a 52 week high of $109.87.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Tuesday, January 24th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.17. The firm earned $7.70 billion during the quarter, compared to analyst estimates of $7.32 billion. Alibaba Group Holding Limited had a net margin of 26.56% and a return on equity of 14.88%. During the same quarter in the prior year, the firm posted $0.99 EPS. Equities research analysts forecast that Alibaba Group Holding Limited will post $3.49 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Apriem Advisors increased its position in shares of Alibaba Group Holding Limited by 14.2% in the third quarter. Apriem Advisors now owns 1,003 shares of the company’s stock valued at $106,000 after buying an additional 125 shares during the period. Massmutual Trust Co. FSB ADV bought a new position in shares of Alibaba Group Holding Limited during the fourth quarter valued at approximately $110,000. Ayalon Holdings Ltd. increased its position in shares of Alibaba Group Holding Limited by 28.7% in the third quarter. Ayalon Holdings Ltd. now owns 1,120 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the period. Van Hulzen Asset Management LLC bought a new position in shares of Alibaba Group Holding Limited during the third quarter valued at approximately $130,000. Finally, Equitec Proprietary Markets LLC bought a new position in shares of Alibaba Group Holding Limited during the third quarter valued at approximately $148,000. Institutional investors own 35.17% of the company’s stock.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

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