Bank of America Corp. reissued their buy rating on shares of Alibaba Group Holding Ltd. (NYSE:BABA) in a report issued on Tuesday. They currently have a $117.00 price objective on the stock, up from their prior price objective of $110.00.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

A number of other equities analysts have also issued reports on BABA. Brean Capital reiterated a buy rating on shares of Alibaba Group Holding in a research report on Tuesday, May 31st. Goldman Sachs Group Inc. restated a buy rating on shares of Alibaba Group Holding in a report on Wednesday, June 1st. Cantor Fitzgerald restated a buy rating on shares of Alibaba Group Holding in a report on Saturday, June 4th. Vetr upgraded shares of Alibaba Group Holding from a buy rating to a strong-buy rating and set a $88.62 price objective on the stock in a report on Wednesday, June 1st. Finally, Evercore ISI increased their price objective on shares of Alibaba Group Holding from $98.00 to $110.00 and gave the company a buy rating in a report on Friday, August 12th. Three investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Alibaba Group Holding currently has an average rating of Buy and a consensus target price of $105.93.

Alibaba Group Holding (NYSE:BABA) opened at 101.45 on Tuesday. The stock has a market capitalization of $250.89 billion, a PE ratio of 35.98 and a beta of 2.97. The stock’s 50 day moving average is $95.81 and its 200 day moving average is $82.87. Alibaba Group Holding has a 12-month low of $57.20 and a 12-month high of $105.50.

Alibaba Group Holding (NYSE:BABA) last announced its earnings results on Thursday, August 11th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.11. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the prior year, the business earned $0.59 earnings per share. Analysts forecast that Alibaba Group Holding will post $3.29 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Alibaba Group Holding by 1.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,407 shares of the company’s stock valued at $191,000 after buying an additional 31 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of Alibaba Group Holding by 1.0% in the second quarter. Wedbush Securities Inc. now owns 3,198 shares of the company’s stock valued at $254,000 after buying an additional 33 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Alibaba Group Holding by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock valued at $127,000 after buying an additional 39 shares during the last quarter. Integrated Wealth Management boosted its position in shares of Alibaba Group Holding by 2.1% in the second quarter. Integrated Wealth Management now owns 3,376 shares of the company’s stock valued at $268,000 after buying an additional 70 shares during the last quarter. Finally, BOKF NA boosted its position in shares of Alibaba Group Holding by 0.8% in the second quarter. BOKF NA now owns 9,485 shares of the company’s stock valued at $754,000 after buying an additional 73 shares during the last quarter. Institutional investors own 28.97% of the company’s stock.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally.

5 Day Chart for NYSE:BABA

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