Alibaba Group Holding Limited (BABA) Stock Rating Reaffirmed by Royal Bank Of Canada
Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating reissued by Royal Bank Of Canada in a report issued on Monday. They presently have a $185.00 price objective on the specialty retailer’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 5.52% from the company’s current price.
Several other equities research analysts have also recently issued reports on BABA. Instinet boosted their price objective on shares of Alibaba Group Holding Limited from $139.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Deutsche Bank AG lowered their price objective on shares of Alibaba Group Holding Limited to $158.00 and set a “buy” rating for the company in a research report on Monday, June 19th. Pacific Crest reissued a “buy” rating and issued a $137.00 price objective on shares of Alibaba Group Holding Limited in a research report on Monday, June 19th. Vetr cut shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $148.71 price objective for the company. in a research report on Wednesday, June 21st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $170.00 price objective on shares of Alibaba Group Holding Limited in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $179.95.
Shares of Alibaba Group Holding Limited (BABA) opened at 175.32 on Monday. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $184.70. The firm has a 50-day moving average of $175.04 and a 200 day moving average of $144.98. The stock has a market capitalization of $445.84 billion, a price-to-earnings ratio of 58.19 and a beta of 2.60.
Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. During the same period in the previous year, the company earned $0.74 EPS. On average, equities research analysts predict that Alibaba Group Holding Limited will post $4.98 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in BABA. Shine Investment Advisory Services Inc. acquired a new stake in shares of Alibaba Group Holding Limited in the second quarter worth $102,000. FNY Managed Accounts LLC purchased a new stake in Alibaba Group Holding Limited during the first quarter worth $107,000. Lee Financial Co boosted its holdings in Alibaba Group Holding Limited by 45.5% during the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares in the last quarter. Winch Advisory Services LLC boosted its holdings in Alibaba Group Holding Limited by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after buying an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new stake in Alibaba Group Holding Limited during the second quarter worth $116,000. Hedge funds and other institutional investors own 37.34% of the company’s stock.
About Alibaba Group Holding Limited
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.
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