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

Shares of Alibaba Group Holding Limited (NYSE:BABAGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the twenty analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $195.1667.

BABA has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, January 21st. Macquarie Infrastructure restated an “outperform” rating on shares of Alibaba Group in a report on Tuesday, November 25th. Rosenblatt Securities set a $195.00 target price on Alibaba Group in a report on Wednesday, November 26th. Mizuho set a $195.00 price target on Alibaba Group in a research report on Wednesday, October 22nd. Finally, Barclays raised their price objective on Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th.

Read Our Latest Stock Report on BABA

Trending Headlines about Alibaba Group

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriflex Group Inc. raised its stake in shares of Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 72 shares during the period. Mather Group LLC. acquired a new stake in Alibaba Group in the 3rd quarter valued at $30,000. Foster Dykema Cabot & Partners LLC purchased a new position in Alibaba Group in the third quarter valued at about $30,000. NBT Bank N A NY lifted its stake in shares of Alibaba Group by 231.5% during the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 125 shares in the last quarter. Finally, Costello Asset Management INC acquired a new position in shares of Alibaba Group during the fourth quarter worth about $34,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 1.9%

Shares of BABA stock opened at $155.74 on Tuesday. The firm’s 50-day simple moving average is $159.12 and its 200-day simple moving average is $155.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. Alibaba Group has a 1-year low of $95.73 and a 1-year high of $192.67. The firm has a market cap of $371.81 billion, a P/E ratio of 21.51, a PEG ratio of 3.41 and a beta of 0.39.

About Alibaba Group

(Get Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

Read More

Analyst Recommendations for Alibaba Group (NYSE:BABA)

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.