Alibaba Group Holding Limited (NYSE:BABA) Receives $144.07 Average PT from Analysts

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been given a consensus recommendation of “Buy” by the fifteen brokerages that are covering the company, Marketbeat reports. Fourteen investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $144.07.

Several research firms have weighed in on BABA. Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Citigroup raised their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Bank of America raised their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th.

Institutional Investors Weigh In On Alibaba Group

Institutional investors have recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the 4th quarter valued at about $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group during the 4th quarter valued at about $32,000. Assetmark Inc. lifted its holdings in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in shares of Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Finally, Redwood Park Advisors LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at about $52,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 0.5 %

BABA opened at $140.59 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group has a 1-year low of $68.36 and a 1-year high of $145.36. The company has a market capitalization of $334.04 billion, a PE ratio of 20.32, a PEG ratio of 0.61 and a beta of 0.31. The firm’s 50 day simple moving average is $105.46 and its two-hundred day simple moving average is $96.81.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. As a group, equities analysts forecast that Alibaba Group will post 7.86 EPS for the current year.

Alibaba Group Company Profile

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.