Alibaba Group Holding Limited (NYSE:BABA) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

Several other equities research analysts have also commented on BABA. Benchmark Co. initiated coverage on shares of Alibaba Group Holding Limited in a report on Tuesday, April 18th. They issued a “buy” rating and a $140.00 price target on the stock. MKM Partners reaffirmed a “buy” rating and issued a $130.00 price target on shares of Alibaba Group Holding Limited in a report on Tuesday, April 18th. Standpoint Research lowered shares of Alibaba Group Holding Limited from a “buy” rating to a “reduce” rating in a report on Thursday, April 20th. They noted that the move was a valuation call. Vetr lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $131.78 price target on the stock. in a report on Tuesday, May 2nd. Finally, Needham & Company LLC upped their price target on shares of Alibaba Group Holding Limited from $125.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $142.21.

Alibaba Group Holding Limited (NYSE:BABA) traded down 1.584% on Thursday, reaching $154.995. The company had a trading volume of 2,464,735 shares. The stock’s 50-day moving average is $149.30 and its 200-day moving average is $121.89. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $160.39. The company has a market capitalization of $392.14 billion, a P/E ratio of 61.336 and a beta of 2.64.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by $0.01. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the previous year, the company posted $0.47 earnings per share. Equities research analysts forecast that Alibaba Group Holding Limited will post $4.60 EPS for the current fiscal year.

Alibaba Group Holding Limited announced that its Board of Directors has initiated a share buyback program on Thursday, May 18th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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Several hedge funds have recently made changes to their positions in BABA. Shine Investment Advisory Services Inc. purchased a new stake in shares of Alibaba Group Holding Limited during the second quarter worth about $102,000. FNY Managed Accounts LLC bought a new stake in Alibaba Group Holding Limited during the first quarter valued at $107,000. Lee Financial Co increased its stake in Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares during the period. Winch Advisory Services LLC increased its stake in Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares during the period. Finally, Webster Bank N. A. increased its stake in Alibaba Group Holding Limited by 25.0% in the first quarter. Webster Bank N. A. now owns 1,175 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 36.75% of the company’s stock.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, 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 (China) and internationally.

Analyst Recommendations for Alibaba Group Holding Limited (NYSE:BABA)

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