Vetr upgraded shares of Alibaba Group Holding Limited (NYSE:BABA) from a hold rating to a buy rating in a research note issued to investors on Monday. The brokerage currently has $180.41 price target on the specialty retailer’s stock.

A number of other equities research analysts also recently issued reports on the company. Robert W. Baird increased their price target on Alibaba Group Holding Limited from $170.00 to $190.00 and gave the stock an outperform rating in a research report on Friday, August 18th. Goldman Sachs Group, Inc. (The) reissued a buy rating and set a $208.00 price target (up previously from $200.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, August 20th. CIBC increased their price target on Alibaba Group Holding Limited from $130.00 to $140.00 and gave the stock an outperform rating in a research report on Tuesday, May 23rd. J P Morgan Chase & Co began coverage on Alibaba Group Holding Limited in a research report on Tuesday, June 27th. They set an overweight rating and a $190.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. reissued an outperform rating and set a $140.00 price target (up previously from $130.00) on shares of Alibaba Group Holding Limited in a research report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group Holding Limited presently has an average rating of Buy and a consensus target price of $168.76.

Alibaba Group Holding Limited (BABA) opened at 168.30 on Monday. The firm has a market capitalization of $427.99 billion, a price-to-earnings ratio of 57.05 and a beta of 2.64. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $177.00. The firm has a 50 day moving average price of $156.44 and a 200-day moving average price of $127.15.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. On average, equities analysts forecast that Alibaba Group Holding Limited will post $4.97 EPS for the current year.

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Alibaba Group Holding Limited announced that its Board of Directors has authorized a share buyback program on Thursday, May 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

A number of hedge funds have recently modified their holdings of BABA. Shine Investment Advisory Services Inc. acquired a new stake in shares of Alibaba Group Holding Limited during the second quarter worth $102,000. FNY Managed Accounts LLC purchased a new stake in shares of Alibaba Group Holding Limited during the first quarter valued at approximately $107,000. Lee Financial Co increased its stake 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 in the last quarter. Winch Advisory Services LLC increased its stake 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 in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Alibaba Group Holding Limited during the second quarter valued at approximately $116,000. Hedge funds and other institutional investors own 37.40% of the company’s stock.

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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