Alibaba Group Holding Limited (NYSE:BABA) Receives Average Recommendation of "Buy" from Brokerages

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) has earned a consensus recommendation of "Buy" from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $144.07.

A number of equities analysts have issued reports on the company. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. 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 note on Tuesday, February 25th. Citigroup boosted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Benchmark raised their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Mizuho boosted their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th.

Alibaba Group Trading Down 5.8 %

Shares of Alibaba Group stock traded down $8.17 during midday trading on Tuesday, reaching $132.45. 33,231,754 shares of the company's stock traded hands, compared to its average volume of 18,694,535. The company has a market cap of $314.70 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The stock has a 50 day moving average of $105.46 and a 200-day moving average of $96.90. Alibaba Group has a 12 month low of $68.36 and a 12 month high of $145.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

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Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS 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 company had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. As a group, equities analysts expect that Alibaba Group will post 7.86 EPS for the current fiscal year.

Institutional Trading of Alibaba Group

Large investors have recently made changes to their positions in the stock. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the 4th quarter worth approximately $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group in the fourth quarter worth $32,000. Assetmark Inc. increased its position in Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 275 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its position in Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. Finally, Redwood Park Advisors LLC bought a new position in Alibaba Group in the fourth quarter valued at about $52,000. 13.47% of the stock is currently owned by institutional investors.

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.