Brokerages Set Alibaba Group Holding Limited (NYSE:BABA) Target Price at $109.28

Alibaba Group Holding Limited (NYSE:BABA) has been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $107.61.

BABA has been the topic of a number of recent analyst reports. Sanford C. Bernstein lifted their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday. Mizuho lowered their price target on Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Barclays reduced their price objective on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 16th. Robert W. Baird boosted their target price on Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday.

Alibaba Group Stock Performance

NYSE:BABA opened at $83.18 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. Alibaba Group has a fifty-two week low of $66.63 and a fifty-two week high of $96.68. The company has a market cap of $211.07 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 0.48 and a beta of 0.32. The stock has a fifty day moving average price of $76.63 and a 200-day moving average price of $75.99.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The business had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. During the same quarter in the prior year, the business posted $2.47 earnings per share. Alibaba Group’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that Alibaba Group will post 6.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds have recently bought and sold shares of the company. First Command Advisory Services Inc. bought a new position in shares of Alibaba Group during the 2nd quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new stake in Alibaba Group in the 4th quarter valued at $26,000. GPS Wealth Strategies Group LLC raised its holdings in Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares during the last quarter. Register Financial Advisors LLC acquired a new position in shares of Alibaba Group during the first quarter valued at about $31,000. Finally, Asset Dedication LLC lifted its position in Alibaba Group by 315.0% in the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.