Analysts Set Alibaba Group Holding Limited (NYSE:BABA) PT at $150.36

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been given an average recommendation of “Buy” by the fifteen analysts that are covering the stock, Marketbeat.com reports. Thirteen analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $150.36.

BABA has been the subject of several recent analyst reports. Bank of America boosted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Benchmark lifted their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Mizuho upgraded shares of Alibaba Group to a “strong-buy” rating in a research report on Friday, April 18th. Robert W. Baird increased their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, Barclays upped their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $120.35 on Wednesday. The company has a market capitalization of $287.60 billion, a PE ratio of 17.39, a PEG ratio of 0.61 and a beta of 0.24. The business has a fifty day moving average price of $126.47 and a 200-day moving average price of $104.80. Alibaba Group has a 1-year low of $71.80 and a 1-year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

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

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds have recently made changes to their positions in BABA. Appaloosa LP lifted its holdings in Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares in the last quarter. Norges Bank bought a new position in shares of Alibaba Group during the fourth quarter worth $585,479,000. Bank of America Corp DE grew its stake in Alibaba Group by 7.0% during the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer’s stock valued at $566,124,000 after acquiring an additional 438,537 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock worth $431,906,000 after purchasing an additional 78,757 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Alibaba Group by 19.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer’s stock valued at $390,885,000 after purchasing an additional 752,275 shares during 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.