Alibaba Group Holding Limited (NYSE:BABA) Receives $115.13 Consensus Price Target from Brokerages

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) have been given an average rating of "Moderate Buy" by the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $115.13.

BABA has been the subject of several recent analyst reports. Mizuho increased their target price on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Macquarie upgraded shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 target price for the company in a research note on Monday, October 7th. Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Barclays decreased their price objective on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. Finally, StockNews.com lowered Alibaba Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 14th.

Institutional Investors Weigh In On Alibaba Group

Hedge funds have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group during the second quarter worth about $27,000. Concord Wealth Partners increased its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the 4th quarter valued at $31,000. Highline Wealth Partners LLC acquired a new position in Alibaba Group in the third quarter worth $36,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alibaba Group during the second quarter worth $38,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Down 0.0 %

Shares of NYSE:BABA traded down $0.04 on Monday, reaching $82.40. The company had a trading volume of 7,252,082 shares, compared to its average volume of 11,100,562. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $196.36 billion, a P/E ratio of 16.71, a P/E/G ratio of 0.40 and a beta of 0.30. The stock has a 50-day moving average price of $86.59 and a 200 day moving average price of $87.63. Alibaba Group has a twelve month low of $66.63 and a twelve month high of $117.82.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $239.45 billion. During the same period last year, the business posted $1.82 EPS. Alibaba Group's revenue was up 5.2% compared to the same quarter last year. On average, equities analysts expect that Alibaba Group will post 8.44 EPS for the current year.

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.