Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating restated by investment analysts at Stifel Nicolaus in a report released on Sunday. They currently have a $190.00 price target on the specialty retailer’s stock. Stifel Nicolaus’ target price indicates a potential upside of 9.44% from the company’s current price.

Other research analysts have also issued research reports about the company. Needham & Company LLC lifted their target price on Alibaba Group Holding Limited from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Vetr lowered Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 price target on the stock. in a research report on Wednesday, August 16th. Royal Bank Of Canada upped their price target on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Bank of America Corporation raised their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, KeyCorp set a $182.00 price objective on Alibaba Group Holding Limited and gave the stock an “overweight” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have issued a buy rating and three have issued a strong buy rating to the company. Alibaba Group Holding Limited has a consensus rating of “Buy” and an average target price of $174.24.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at 173.61 on Friday. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $180.87. The stock has a market cap of $441.49 billion, a P/E ratio of 57.62 and a beta of 2.61. The company has a 50-day moving average of $171.33 and a 200 day moving average of $140.21.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The business had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter last year, the company posted $0.74 earnings per share. Equities research analysts forecast that Alibaba Group Holding Limited will post $4.96 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of Alibaba Group Holding Limited during the second quarter valued at approximately $102,000. FNY Managed Accounts LLC purchased a new stake in shares of Alibaba Group Holding Limited in the 1st quarter valued at approximately $107,000. Lee Financial Co lifted its position in shares of Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 250 shares in the last quarter. Winch Advisory Services LLC lifted its position in shares of 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 valued at $114,000 after acquiring an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new position in Alibaba Group Holding Limited in the 2nd quarter worth approximately $116,000. 37.39% of the stock is currently 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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