Alibaba Group Holding Limited (NYSE:BABA) Receives Consensus Rating of “Buy” from Analysts

Alibaba Group Holding Limited (NYSE:BABAGet Rating) has earned an average recommendation of “Buy” from the thirty-one analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $191.01.

BABA has been the topic of several analyst reports. Mizuho lowered their target price on shares of Alibaba Group from $180.00 to $160.00 in a report on Monday, May 2nd. Bank of America lowered their target price on shares of Alibaba Group from $203.00 to $193.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Morgan Stanley decreased their price objective on shares of Alibaba Group from $165.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, February 25th. Benchmark decreased their price objective on shares of Alibaba Group from $235.00 to $220.00 in a report on Thursday, April 7th. Finally, The Goldman Sachs Group started coverage on shares of Alibaba Group in a report on Sunday, April 10th. They set a “buy” rating and a $185.00 price objective on the stock.

BABA opened at $87.99 on Friday. The firm’s 50-day simple moving average is $98.53 and its 200-day simple moving average is $118.67. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.64 and a current ratio of 1.64. Alibaba Group has a twelve month low of $73.28 and a twelve month high of $230.89. The firm has a market cap of $238.53 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.38 and a beta of 0.91.

Alibaba Group (NYSE:BABAGet Rating) last posted its earnings results on Thursday, February 24th. The specialty retailer reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.32. Alibaba Group had a net margin of 7.86% and a return on equity of 10.84%. The business had revenue of $242.58 billion for the quarter, compared to analyst estimates of $245.79 billion. During the same quarter in the prior year, the firm earned $2.98 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alibaba Group will post 6.47 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Eagle Bay Advisors LLC raised its stake in Alibaba Group by 20.3% in the third quarter. Eagle Bay Advisors LLC now owns 362 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 61 shares in the last quarter. Fieldpoint Private Securities LLC raised its stake in Alibaba Group by 1.8% in the third quarter. Fieldpoint Private Securities LLC now owns 3,587 shares of the specialty retailer’s stock valued at $531,000 after purchasing an additional 64 shares in the last quarter. Addison Advisors LLC raised its stake in Alibaba Group by 50.0% in the fourth quarter. Addison Advisors LLC now owns 255 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Moors & Cabot Inc. raised its stake in Alibaba Group by 1.5% in the third quarter. Moors & Cabot Inc. now owns 5,954 shares of the specialty retailer’s stock valued at $875,000 after purchasing an additional 86 shares in the last quarter. Finally, Baldwin Investment Management LLC raised its stake in Alibaba Group by 6.0% in the third quarter. Baldwin Investment Management LLC now owns 1,755 shares of the specialty retailer’s stock valued at $260,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 17.39% of the company’s stock.

About Alibaba Group (Get Rating)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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