Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $115.13.
BABA has been the topic of a number of recent analyst reports. Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. StockNews.com downgraded shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. Barclays dropped their target price on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Friday. Finally, Bank of America boosted their target price on Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 9th.
Check Out Our Latest Analysis on BABA
Alibaba Group Stock Up 0.0 %
NYSE:BABA traded up $0.03 during mid-day trading on Monday, hitting $80.56. The stock had a trading volume of 10,681,126 shares, compared to its average volume of 11,833,913. Alibaba Group has a twelve month low of $66.63 and a twelve month high of $117.82. The stock has a 50-day simple moving average of $87.59 and a two-hundred day simple moving average of $87.54. 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 company has a market capitalization of $191.97 billion, a PE ratio of 16.34, a PEG ratio of 0.44 and a beta of 0.30.
Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. During the same period in the previous year, the company earned $1.82 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that Alibaba Group will post 8.44 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of BABA. Acadian Asset Management LLC increased its position in shares of Alibaba Group by 382.4% in the second quarter. Acadian Asset Management LLC now owns 20,865 shares of the specialty retailer's stock valued at $1,502,000 after buying an additional 16,540 shares in the last quarter. Choreo LLC lifted its holdings in shares of Alibaba Group by 48.1% in the second quarter. Choreo LLC now owns 5,789 shares of the specialty retailer's stock valued at $418,000 after purchasing an additional 1,880 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Alibaba Group by 3.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 65,439 shares of the specialty retailer's stock worth $4,712,000 after purchasing an additional 2,309 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in Alibaba Group by 25.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,696 shares of the specialty retailer's stock valued at $266,000 after buying an additional 744 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of Alibaba Group by 6.1% in the second quarter. Wealthspire Advisors LLC now owns 2,971 shares of the specialty retailer's stock worth $214,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.
About Alibaba Group
(
Get Free ReportAlibaba 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.
Further Reading
Before you consider Alibaba Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.
While Alibaba Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.