MKM Partners reiterated their buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a report published on Monday. MKM Partners currently has a $220.00 price objective on the specialty retailer’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus restated a buy rating and issued a $190.00 price objective on shares of Alibaba Group Holding Limited in a report on Sunday. Wells Fargo & Company assumed coverage on shares of Alibaba Group Holding Limited in a report on Tuesday, September 26th. They issued an outperform rating and a $225.00 price objective on the stock. Vetr upgraded shares of Alibaba Group Holding Limited from a buy rating to a strong-buy rating and set a $196.66 price objective on the stock in a report on Tuesday, September 26th. Cantor Fitzgerald assumed coverage on shares of Alibaba Group Holding Limited in a report on Friday, September 22nd. They issued an overweight rating and a $213.00 price objective on the stock. Finally, Jefferies Group LLC restated a buy rating and issued a $160.00 price objective on shares of Alibaba Group Holding Limited in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $175.55.

Alibaba Group Holding Limited (BABA) opened at 178.71 on Monday. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $180.87. The company has a market cap of $454.46 billion, a PE ratio of 59.31 and a beta of 2.60. The company has a 50-day moving average of $172.62 and a 200 day moving average of $141.01.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. During the same quarter in the prior year, the company earned $0.74 earnings per share. On average, equities analysts forecast that Alibaba Group Holding Limited will post $4.95 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in BABA. BlackRock Inc. grew its stake in Alibaba Group Holding Limited by 2,538.7% during the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock valued at $6,145,123,000 after acquiring an additional 54,829,289 shares in the last quarter. FMR LLC grew its stake in Alibaba Group Holding Limited by 42.5% during the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after acquiring an additional 7,544,165 shares in the last quarter. Fisher Asset Management LLC grew its stake in Alibaba Group Holding Limited by 87.4% during the second quarter. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer’s stock valued at $1,453,929,000 after acquiring an additional 4,813,431 shares in the last quarter. Third Point LLC purchased a new position in Alibaba Group Holding Limited during the second quarter valued at $634,050,000. Finally, Hillhouse Capital Management Ltd. grew its stake in Alibaba Group Holding Limited by 38,449.4% during the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock valued at $503,076,000 after acquiring an additional 3,561,187 shares in the last quarter. 37.39% of the stock is owned by hedge funds and other institutional investors.

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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