Alibaba Group Holding Ltd. (NYSE:BABA)‘s stock had its “outperform” rating restated by research analysts at Robert W. Baird in a research report issued on Wednesday. They currently have a $110.00 target price on the stock. Robert W. Baird’s price objective would suggest a potential upside of 15.80% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $95.00 price target on shares of Alibaba Group Holding in a report on Monday, August 8th. Citigroup Inc. upped their price target on shares of Alibaba Group Holding to $104.00 and gave the company a “buy” rating in a report on Sunday, August 7th. MKM Partners set a $95.00 price target on shares of Alibaba Group Holding and gave the company a “buy” rating in a report on Wednesday, August 3rd. Brean Capital reaffirmed a “buy” rating on shares of Alibaba Group Holding in a report on Tuesday, August 2nd. Finally, T.H. Capital upped their price target on shares of Alibaba Group Holding from $84.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group Holding presently has an average rating of “Buy” and an average target price of $117.01.

Analyst Recommendations for Alibaba Group Holding (NYSE:BABA)

Shares of Alibaba Group Holding (NYSE:BABA) opened at 94.99 on Wednesday. The stock has a 50 day moving average of $98.92 and a 200 day moving average of $91.14. The stock has a market cap of $235.39 billion, a P/E ratio of 50.74 and a beta of 2.93. Alibaba Group Holding has a one year low of $59.25 and a one year high of $109.87.

Alibaba Group Holding (NYSE:BABA) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.10. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Alibaba Group Holding had a net margin of 26.44% and a return on equity of 13.29%. During the same period in the prior year, the company posted $0.57 earnings per share. Equities analysts expect that Alibaba Group Holding will post $3.26 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd increased its position in Alibaba Group Holding by 13.7% in the second quarter. Temasek Holdings Private Ltd now owns 54,076,397 shares of the company’s stock worth $4,300,696,000 after buying an additional 6,526,596 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of Alibaba Group Holding by 7.5% in the second quarter. Baillie Gifford & Co. now owns 45,856,303 shares of the company’s stock valued at $3,646,951,000 after buying an additional 3,192,797 shares during the period. Capital Research Global Investors increased its position in shares of Alibaba Group Holding by 7.3% in the third quarter. Capital Research Global Investors now owns 38,759,360 shares of the company’s stock valued at $4,100,353,000 after buying an additional 2,637,869 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Alibaba Group Holding by 102.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 31,179,716 shares of the company’s stock valued at $3,298,502,000 after buying an additional 15,751,926 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Alibaba Group Holding by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the company’s stock valued at $2,382,071,000 after buying an additional 5,496,854 shares during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. The Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (the PRC or China) and internationally.

5 Day Chart for NYSE:BABA

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