Alibaba Group Holding Limited (NYSE:BABA) had its price target increased by investment analysts at Stifel Nicolaus from $165.00 to $180.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the specialty retailer’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 16.42% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Vetr raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $173.25 price target on the stock in a research report on Tuesday. BidaskClub raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Barclays PLC increased their price target on Alibaba Group Holding Limited to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Instinet reaffirmed a “buy” rating on shares of Alibaba Group Holding Limited in a research report on Saturday, July 22nd. Finally, HSBC Holdings plc reaffirmed a “buy” rating and issued a $168.00 price target (up previously from $162.00) on shares of Alibaba Group Holding Limited in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $146.89.

Alibaba Group Holding Limited (BABA) opened at 154.61 on Tuesday. The stock has a market cap of $391.16 billion, a price-to-earnings ratio of 61.18 and a beta of 2.64. The firm has a 50-day moving average price of $150.14 and a 200 day moving average price of $123.15. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $160.39.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same period in the prior year, the business earned $0.47 EPS. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post $4.64 EPS for the current fiscal year.

Alibaba Group Holding Limited announced that its board has approved a stock repurchase plan on Thursday, May 18th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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Several hedge funds have recently bought and sold shares of the stock. Caxton Associates LP acquired a new stake in Alibaba Group Holding Limited during the second quarter valued at approximately $7,578,000. Newbrook Capital Advisors LP boosted its stake in Alibaba Group Holding Limited by 4.4% in the second quarter. Newbrook Capital Advisors LP now owns 734,493 shares of the specialty retailer’s stock valued at $103,490,000 after buying an additional 31,013 shares in the last quarter. PointState Capital LP boosted its stake in Alibaba Group Holding Limited by 4,376.8% in the second quarter. PointState Capital LP now owns 1,369,897 shares of the specialty retailer’s stock valued at $193,018,000 after buying an additional 1,339,297 shares in the last quarter. Carret Asset Management LLC boosted its stake in Alibaba Group Holding Limited by 2.1% in the second quarter. Carret Asset Management LLC now owns 7,244 shares of the specialty retailer’s stock valued at $1,021,000 after buying an additional 150 shares in the last quarter. Finally, Kingdon Capital Management L.L.C. boosted its stake in Alibaba Group Holding Limited by 188.5% in the second quarter. Kingdon Capital Management L.L.C. now owns 413,158 shares of the specialty retailer’s stock valued at $58,214,000 after buying an additional 269,958 shares in the last quarter. 36.81% of the stock is owned by institutional investors and hedge funds.

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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