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

Shares of Alibaba Group Holding Limited (NYSE:BABA – Get Rating) have been given a consensus recommendation of “Buy” by the eighteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $142.13.

Several brokerages have recently issued reports on BABA. Susquehanna decreased their price target on Alibaba Group from $175.00 to $160.00 in a research note on Tuesday. Benchmark reiterated a “buy” rating and issued a $180.00 price target on shares of Alibaba Group in a research note on Tuesday, April 4th. Bank of America decreased their price target on Alibaba Group from $144.00 to $132.00 in a research note on Friday, May 19th. HSBC decreased their price target on Alibaba Group from $143.00 to $140.00 in a research note on Friday, May 19th. Finally, Robert W. Baird decreased their price target on Alibaba Group from $120.00 to $115.00 in a research note on Friday, May 19th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Morgan Stanley increased its position in Alibaba Group by 1.1% in the 4th quarter. Morgan Stanley now owns 12,815,514 shares of the specialty retailer’s stock valued at $1,128,919,000 after buying an additional 142,563 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Alibaba Group by 15.9% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 11,568,760 shares of the specialty retailer’s stock valued at $927,438,000 after buying an additional 1,588,857 shares in the last quarter. Temasek Holdings Private Ltd increased its position in Alibaba Group by 3.8% in the 1st quarter. Temasek Holdings Private Ltd now owns 9,563,814 shares of the specialty retailer’s stock valued at $977,231,000 after buying an additional 352,817 shares in the last quarter. Bank of America Corp DE increased its position in Alibaba Group by 18.6% in the 1st quarter. Bank of America Corp DE now owns 9,443,677 shares of the specialty retailer’s stock valued at $964,955,000 after buying an additional 1,478,767 shares in the last quarter. Finally, Aspex Management HK Ltd increased its position in Alibaba Group by 17.3% in the 1st quarter. Aspex Management HK Ltd now owns 7,281,449 shares of the specialty retailer’s stock valued at $744,018,000 after buying an additional 1,072,018 shares in the last quarter. 13.86% of the stock is owned by institutional investors.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $82.88 on Wednesday. The business’s 50 day moving average is $89.49 and its 200-day moving average 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 current ratio of 1.81, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The firm has a market cap of $219.48 billion, a P/E 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 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.55. Alibaba Group had a return on equity of 10.79% and a net margin of 8.50%. The firm had revenue of $35.92 billion for the quarter, compared to analyst estimates of $35.36 billion. Equities research analysts predict that Alibaba Group will post 6.76 earnings per share 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.