Alibaba Group (NYSE:BABA) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday. The brokerage currently has a $209.21 target price on the specialty retailer’s stock. Vetr‘s target price suggests a potential upside of 18.14% from the company’s current price.

BABA has been the topic of several other reports. Macquarie reiterated a “buy” rating and issued a $245.00 target price on shares of Alibaba Group in a research note on Monday, October 16th. They noted that the move was a valuation call. Stifel Nicolaus lifted their target price on Alibaba Group from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, August 21st. Barclays lifted their target price on Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 31st. Robert W. Baird lifted their target price on Alibaba Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Monday, October 9th. 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 two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $184.52.

Alibaba Group (NYSE BABA) opened at $177.08 on Wednesday. The stock has a market capitalization of $453,530.00, a P/E ratio of 54.27, a P/E/G ratio of 1.41 and a beta of 2.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. Alibaba Group has a 12 month low of $86.01 and a 12 month high of $191.75.

Institutional investors have recently added to or reduced their stakes in the business. Capital Research Global Investors lifted its stake in shares of Alibaba Group by 2.2% during the second quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock worth $4,736,830,000 after purchasing an additional 738,281 shares in the last quarter. FMR LLC lifted its stake in shares of Alibaba Group by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after acquiring an additional 7,544,165 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Alibaba Group by 3.3% in the second quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock worth $2,881,139,000 after acquiring an additional 661,109 shares in the last quarter. Capital World Investors lifted its stake in shares of Alibaba Group by 5.7% in the second quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after acquiring an additional 1,091,620 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Alibaba Group by 5.4% in the second quarter. UBS Asset Management Americas Inc. now owns 12,234,002 shares of the specialty retailer’s stock worth $1,723,771,000 after acquiring an additional 626,446 shares in the last quarter. 38.13% of the stock is owned by institutional investors.

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About Alibaba Group

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 (NYSE:BABA)

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