Alibaba Group Holding Limited (NYSE:BABA) has earned an average rating of “Buy” from the thirty-seven analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, thirty-two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $185.87.

A number of brokerages have recently weighed in on BABA. Zacks Investment Research raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research report on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $220.00 target price (up from $200.00) on shares of Alibaba Group Holding Limited in a research report on Monday. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $210.00 target price on shares of Alibaba Group Holding Limited in a research report on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating on shares of Alibaba Group Holding Limited in a research report on Friday, November 3rd. Finally, Robert W. Baird upped their target price on Alibaba Group Holding Limited from $190.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd.

Several hedge funds have recently bought and sold shares of the company. Third Point LLC grew its stake in shares of Alibaba Group Holding Limited by 46.7% during the 3rd quarter. Third Point LLC now owns 6,600,000 shares of the specialty retailer’s stock worth $1,139,886,000 after acquiring an additional 2,100,000 shares during the period. Dai Ichi Life Insurance Company Ltd grew its stake in shares of Alibaba Group Holding Limited by 2.5% during the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 271,465 shares of the specialty retailer’s stock worth $46,885,000 after acquiring an additional 6,640 shares during the period. BKS Advisors LLC grew its stake in shares of Alibaba Group Holding Limited by 22.8% during the 3rd quarter. BKS Advisors LLC now owns 14,403 shares of the specialty retailer’s stock worth $2,488,000 after acquiring an additional 2,675 shares during the period. Axiom International Investors LLC DE grew its stake in shares of Alibaba Group Holding Limited by 7.5% during the 3rd quarter. Axiom International Investors LLC DE now owns 2,622,902 shares of the specialty retailer’s stock worth $453,001,000 after acquiring an additional 182,989 shares during the period. Finally, Zevenbergen Capital Investments LLC grew its stake in shares of Alibaba Group Holding Limited by 1,215.2% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 280,697 shares of the specialty retailer’s stock worth $48,479,000 after acquiring an additional 259,355 shares during the period. Institutional investors own 37.45% of the company’s stock.

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Shares of Alibaba Group Holding Limited (BABA) traded up $1.28 on Friday, reaching $186.41. The company’s stock had a trading volume of 14,925,625 shares, compared to its average volume of 14,827,342. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market capitalization of $477,550.00, a price-to-earnings ratio of 54.04, a PEG ratio of 1.41 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. The firm had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. equities research analysts expect that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal year.

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.

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

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