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

Alibaba Group Holding Limited (NYSE:BABA – Get Rating) has received a consensus rating of “Buy” from the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $142.13.

A number of equities analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of Alibaba Group from $144.00 to $132.00 in a research report on Friday, May 19th. Susquehanna reduced their target price on Alibaba Group from $175.00 to $160.00 in a report on Tuesday. Citigroup reduced their target price on Alibaba Group from $154.00 to $144.00 in a report on Friday, May 19th. Loop Capital reduced their target price on Alibaba Group from $135.00 to $130.00 in a report on Wednesday, May 10th. Finally, KGI Securities raised Alibaba Group from a “neutral” rating to an “outperform” rating in a report on Friday, February 24th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BABA. Merit Financial Group LLC raised its stake in shares of Alibaba Group by 2.1% during the 4th quarter. Merit Financial Group LLC now owns 4,269 shares of the specialty retailer’s stock worth $376,000 after purchasing an additional 86 shares in the last quarter. Pariax LLC raised its stake in shares of Alibaba Group by 0.3% during the 4th quarter. Pariax LLC now owns 30,255 shares of the specialty retailer’s stock worth $2,665,000 after purchasing an additional 98 shares in the last quarter. WNY Asset Management LLC raised its stake in shares of Alibaba Group by 1.9% during the 4th quarter. WNY Asset Management LLC now owns 5,298 shares of the specialty retailer’s stock worth $467,000 after purchasing an additional 100 shares in the last quarter. Ulland Investment Advisors LLC raised its stake in shares of Alibaba Group by 54.1% during the 4th quarter. Ulland Investment Advisors LLC now owns 285 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Finally, AllSquare Wealth Management LLC raised its stake in shares of Alibaba Group by 23.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 535 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 13.86% of the company’s stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $82.88 on Wednesday. The firm’s fifty day moving average price is $89.49 and its 200 day moving average price is $92.60. Alibaba Group has a 1-year low of $58.01 and a 1-year high of $125.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.81 and a quick ratio of 1.74. The firm has a market cap of $219.48 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.65.

Alibaba Group (NYSE:BABA – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The specialty retailer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.55. Alibaba Group had a net margin of 8.50% and a return on equity of 10.79%. The firm had revenue of $35.92 billion for the quarter, compared to analyst estimates of $35.36 billion. On average, sell-side analysts expect that Alibaba Group will post 6.76 EPS for the current year.

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.