BidaskClub upgraded shares of Alibaba Group Holding Limited (NYSE:BABA) from a hold rating to a buy rating in a research report report published on Thursday.

A number of other equities research analysts also recently weighed in on the company. Macquarie lifted their price objective on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an outperform rating in a report on Friday, August 18th. Bank of America Corporation lifted their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a buy rating in a report on Friday, August 18th. SunTrust Banks, Inc. started coverage on Alibaba Group Holding Limited in a report on Tuesday, August 15th. They set a buy rating and a $175.00 price objective on the stock. KeyCorp set a $182.00 price objective on Alibaba Group Holding Limited and gave the company an overweight rating in a report on Friday, August 18th. Finally, MKM Partners lifted their price objective on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the company a buy rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $183.31.

Alibaba Group Holding Limited (BABA) traded down $1.60 during mid-day trading on Thursday, reaching $183.21. The company had a trading volume of 19,697,343 shares, compared to its average volume of 17,747,468. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.22. The firm has a market capitalization of $469,229.06, a P/E ratio of 53.26, a PEG ratio of 1.56 and a beta of 2.61. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.22.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 18.65% and a net margin of 30.87%. The business had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same period last year, the business earned $0.74 earnings per share. research analysts predict that Alibaba Group Holding Limited will post 3.96 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. acquired a new position in Alibaba Group Holding Limited in the 2nd quarter worth $102,000. Lee Financial Co boosted its stake in Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 250 shares during the period. Winch Advisory Services LLC boosted its stake in Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 482 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in Alibaba Group Holding Limited in the 2nd quarter worth $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Alibaba Group Holding Limited by 29.0% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 37.45% 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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