Credit Suisse Group AG reaffirmed their outperform rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a $220.00 price target on the specialty retailer’s stock.

Several other analysts also recently commented on BABA. Needham & Company LLC raised their price objective on Alibaba Group Holding Limited from $140.00 to $155.00 and gave the stock a buy rating in a research note on Thursday, June 8th. Vetr downgraded Alibaba Group Holding Limited from a buy rating to a hold rating and set a $146.97 price objective on the stock. in a research note on Thursday, June 8th. Deutsche Bank AG reaffirmed a buy rating and set a $151.00 price objective on shares of Alibaba Group Holding Limited in a research note on Friday, June 9th. Stifel Nicolaus reaffirmed a buy rating and set a $139.00 price objective on shares of Alibaba Group Holding Limited in a research note on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 price objective on Alibaba Group Holding Limited and gave the stock a buy rating in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group Holding Limited currently has a consensus rating of Buy and an average price target of $175.55.

Shares of Alibaba Group Holding Limited (NYSE BABA) traded up 0.2461% during midday trading on Tuesday, hitting $179.3303. The stock had a trading volume of 3,861,065 shares. The stock has a market capitalization of $456.04 billion, a price-to-earnings ratio of 59.5189 and a beta of 2.60. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $180.87. The stock has a 50 day moving average price of $173.17 and a 200-day moving average price of $141.28.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter last year, the business posted $0.74 EPS. Equities research analysts anticipate that Alibaba Group Holding Limited will post $4.95 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Shine Investment Advisory Services Inc. bought a new stake in shares of Alibaba Group Holding Limited during the second quarter worth $102,000. FNY Managed Accounts LLC bought a new stake in shares of Alibaba Group Holding Limited during the first quarter worth $107,000. Lee Financial Co grew its stake in shares of Alibaba Group Holding Limited by 45.5% during the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares during the last quarter. Winch Advisory Services LLC grew its stake in shares of Alibaba Group Holding Limited by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after buying an additional 482 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Alibaba Group Holding Limited during the second quarter worth $116,000. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

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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