Alibaba Group Holding Limited (NYSE:BABA) Given Consensus Recommendation of “Buy” by Analysts

Alibaba Group Holding Limited (NYSE:BABA – Get Rating) has received an average rating of “Buy” from the seventeen analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $146.79.

Several equities analysts recently commented on the company. Barclays boosted their target price on Alibaba Group from $114.00 to $141.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 11th. KGI Securities upgraded Alibaba Group from a “neutral” rating to an “outperform” rating in a research note on Friday, February 24th. HSBC decreased their target price on Alibaba Group from $132.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, November 18th. Robert W. Baird decreased their price target on Alibaba Group from $140.00 to $120.00 in a report on Friday, November 18th. Finally, Morgan Stanley lifted their price target on Alibaba Group from $100.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, January 9th.

Institutional Trading of Alibaba Group

Large investors have recently modified their holdings of the stock. Fairfield Bush & CO. bought a new position in Alibaba Group in the first quarter valued at about $53,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Alibaba Group in the first quarter valued at about $2,452,000. Dakota Wealth Management bought a new position in Alibaba Group in the first quarter valued at about $390,000. Sequoia Financial Advisors LLC raised its position in Alibaba Group by 11.3% in the first quarter. Sequoia Financial Advisors LLC now owns 7,342 shares of the specialty retailer’s stock valued at $799,000 after purchasing an additional 743 shares during the last quarter. Finally, Zions Bancorporation N.A. raised its position in shares of Alibaba Group by 46.0% during the first quarter. Zions Bancorporation N.A. now owns 7,816 shares of the specialty retailer’s stock worth $850,000 after acquiring an additional 2,464 shares during the last quarter. 13.86% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Alibaba Group stock opened at $83.37 on Friday. Alibaba Group has a 12 month low of $58.01 and a 12 month high of $125.84. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $220.78 billion, a PE ratio of 45.81, a P/E/G ratio of 1.59 and a beta of 0.63. The stock has a 50-day moving average price of $103.94 and a two-hundred day moving average price of $89.54.

Alibaba Group Company Profile

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Alibaba Group Holding Ltd. engages in providing technology infrastructure and marketing reach. It operates through the following business segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.