Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued on Tuesday. They presently have a $160.00 target price on the specialty retailer’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 1.43% from the company’s current price.

BABA has been the subject of a number of other reports. BidaskClub lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) set a $179.00 price target on shares of Alibaba Group Holding Limited and gave the company a “buy” rating in a report on Friday, June 9th. Benchmark Co. initiated coverage on shares of Alibaba Group Holding Limited in a research report on Tuesday, April 18th. They set a “buy” rating and a $140.00 price objective on the stock. CIBC boosted their price objective on shares of Alibaba Group Holding Limited from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, May 23rd. Finally, Barclays PLC boosted their price objective on shares of Alibaba Group Holding Limited to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $148.04.

Alibaba Group Holding Limited (BABA) traded up 2.03% during midday trading on Tuesday, hitting $157.75. 18,628,573 shares of the stock traded hands. The stock’s 50-day moving average price is $150.14 and its 200 day moving average price is $123.15. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $160.39. The company has a market capitalization of $399.11 billion, a price-to-earnings ratio of 62.43 and a beta of 2.64.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly 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 firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the company earned $0.47 earnings per share. On average, equities research analysts predict that Alibaba Group Holding Limited will post $4.64 EPS for the current year.

Alibaba Group Holding Limited declared that its Board of Directors has authorized a stock buyback program on Thursday, May 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

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Institutional investors have recently modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new position in shares of Alibaba Group Holding Limited during the second quarter valued at $102,000. FNY Managed Accounts LLC acquired a new position in shares of Alibaba Group Holding Limited during the first quarter valued at $107,000. Lee Financial Co boosted its position in shares of 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 period. Winch Advisory Services LLC boosted its position in shares of 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 period. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of Alibaba Group Holding Limited during the second quarter valued at $116,000. Hedge funds and other institutional investors own 36.81% of the company’s stock.

About Alibaba Group Holding Limited

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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