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

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the company, MarketBeat reports. Two 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 target among brokerages that have covered the stock in the last year is $115.86.

A number of equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Robert W. Baird increased their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup increased their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Barclays lowered their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th.

Alibaba Group Stock Up 1.0 %

BABA opened at $119.55 on Friday. Alibaba Group has a 1-year low of $68.36 and a 1-year high of $119.81. The stock’s fifty day simple moving average is $89.76 and its 200 day simple moving average is $90.50. 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 stock has a market cap of $284.38 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the prior year, the business earned $1.82 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts expect that Alibaba Group will post 7.86 earnings per share for the current year.

Institutional Trading of Alibaba Group

Large investors have recently modified their holdings of the stock. Concord Wealth Partners grew its holdings in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the 4th quarter worth $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth $32,000. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter worth $36,000. Finally, Assetmark Inc. boosted its stake in Alibaba Group by 225.4% in the third 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. 13.47% of the stock is owned by institutional investors and hedge funds.

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.