Alibaba Group Holding Limited (NYSE:BABA) Receives $115.13 Average PT from Analysts

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $115.86.

A number of brokerages have recently commented on BABA. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Robert W. Baird raised their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays cut their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Finally, Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th.

Alibaba Group Stock Performance

NYSE:BABA opened at $112.78 on Friday. The firm has a market capitalization of $268.26 billion, a PE ratio of 22.88, a PEG ratio of 0.42 and a beta of 0.31. Alibaba Group has a 1 year low of $68.36 and a 1 year high of $117.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $88.55 and its 200 day simple moving average is $90.05.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the business posted $1.82 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Alibaba Group will post 7.86 EPS for the current year.

Hedge Funds Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently modified their holdings of BABA. Ashton Thomas Securities LLC raised its stake in Alibaba Group by 4.0% during the fourth quarter. Ashton Thomas Securities LLC now owns 3,193 shares of the specialty retailer’s stock worth $271,000 after acquiring an additional 122 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth about $5,045,000. Segall Bryant & Hamill LLC lifted its holdings in Alibaba Group by 113.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 43,000 shares of the specialty retailer’s stock valued at $3,646,000 after purchasing an additional 22,900 shares during the last quarter. Taikang Asset Management Hong Kong Co Ltd boosted its position in Alibaba Group by 8.3% in the fourth quarter. Taikang Asset Management Hong Kong Co Ltd now owns 130,000 shares of the specialty retailer’s stock valued at $11,023,000 after buying an additional 10,000 shares in the last quarter. Finally, Riposte Capital LLC bought a new stake in Alibaba Group during the fourth quarter worth about $2,120,000. 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.