Alibaba Group Holding Limited (NYSE:BABA) Stock Has Consensus Target Price of $187.05 According to Analysts

Shares of Alibaba Group Holding Limited (NYSE:BABA) have earned an average rating of “Moderate Buy” from the twenty brokerages that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $186.33.

Several research analysts recently commented on BABA shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $165.00 target price on shares of Alibaba Group in a report on Monday, September 7th. Robert W. Baird lowered their price target on Alibaba Group from $164.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 21st. HSBC set a $170.00 price objective on Alibaba Group in a research note on Thursday, July 9th. Barclays boosted their price objective on Alibaba Group from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Finally, Weiss Ratings upgraded Alibaba Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday.

Key Alibaba Group News

Here are the key news stories impacting Alibaba Group this week:

• Positive Sentiment: Alibaba is reportedly in preliminary discussions with Spain’s Solaria to secure solar power from its Puertollano facility for a potential data center. The project could support Alibaba’s international cloud and AI infrastructure strategy while improving access to renewable energy. Alibaba in early talks with Spain’s Solaria over power for a data centre
• Positive Sentiment: Recent coverage highlights Alibaba’s growing investment in proprietary AI chips, including its Zhenwu V900 accelerator, and a plan to expand its AI models to ten trillion parameters. Stronger in-house hardware and cloud capabilities could reduce reliance on foreign suppliers and accelerate growth in the higher-margin cloud business. Alibaba: On Track To Becoming A Custom Silicon Powerhouse

Insider Activity at Alibaba Group

In related news, insider Fang Jiang sold 885,272 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $13.55, for a total transaction of $11,995,435.60. Following the transaction, the insider owned 4,679,097 shares of the company’s stock, valued at approximately $63,401,764.35. The trade was a 15.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Hong Xu sold 103,046 shares of the business’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $13.68, for a total transaction of $1,409,669.28. Following the transaction, the chief financial officer directly owned 406,450 shares in the company, valued at $5,560,236. This trade represents a 20.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 999,971 shares of company stock valued at $13,563,304. 12.50% of the stock is owned by corporate insiders.

Institutional Trading of Alibaba Group

A number of hedge funds have recently bought and sold shares of BABA. Hoey Investments Inc. increased its holdings in shares of Alibaba Group by 95.2% during the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 100 shares during the period. Continuum Advisory LLC acquired a new stake in Alibaba Group during the second quarter worth about $28,000. Palladiem LLC acquired a new stake in Alibaba Group during the fourth quarter worth about $38,000. SJS Investment Consulting Inc. increased its stake in Alibaba Group by 15,000.0% during the first quarter. SJS Investment Consulting Inc. now owns 302 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, Global Assets Advisory LLC bought a new position in Alibaba Group during the first quarter valued at about $56,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Up 0.1%

Shares of BABA stock opened at $105.91 on Wednesday. The stock’s 50 day simple moving average is $116.89 and its 200 day simple moving average is $120.25. Alibaba Group has a twelve month low of $91.99 and a twelve month high of $191.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $263.25 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.42 and a beta of 0.47.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, August 14th. The specialty retailer reported $1.26 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.68). Alibaba Group had a net margin of 7.00% and a return on equity of 4.79%. The company had revenue of $39.64 billion for the quarter, compared to analyst estimates of $39.52 billion. During the same quarter last year, the business earned $14.75 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts predict that Alibaba Group will post 5.8 EPS for the current year.

About Alibaba Group

Alibaba Group Holding Limited is a technology and commerce company founded in 1999 and headquartered in Hangzhou, China. It operates a broad digital ecosystem connecting consumers, merchants, brands and businesses through online marketplaces and related services.

The company’s China commerce businesses include Taobao and Tmall, while its international commerce operations include Alibaba.com, AliExpress, Lazada and Trendyol. Alibaba also provides logistics services through Cainiao, consumer services through platforms such as Ele.me and Freshippo, and digital media and entertainment offerings.

Alibaba Cloud provides cloud computing, data management, artificial intelligence and other technology services to businesses and organizations.