Alibaba Group Holding Ltd (NYSE:BABA) has earned a consensus recommendation of “Buy” from the twenty-nine ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, twenty-five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $213.72.

BABA has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on shares of Alibaba Group to $225.00 and set a “buy” rating for the company in a research report on Friday, August 24th. Argus decreased their target price on shares of Alibaba Group from $275.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, August 24th. UBS Group set a $245.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Friday, August 24th. Nomura reduced their price target on shares of Alibaba Group from $231.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, August 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $256.00 price target on shares of Alibaba Group in a research note on Thursday, August 23rd.

A number of hedge funds have recently added to or reduced their stakes in the stock. RNC Capital Management LLC lifted its stake in Alibaba Group by 16.9% during the second quarter. RNC Capital Management LLC now owns 1,905 shares of the specialty retailer’s stock valued at $353,000 after purchasing an additional 275 shares during the last quarter. Viridian Ria LLC lifted its stake in Alibaba Group by 5.2% during the second quarter. Viridian Ria LLC now owns 5,749 shares of the specialty retailer’s stock valued at $1,067,000 after purchasing an additional 285 shares during the last quarter. Wagner Bowman Management Corp lifted its stake in Alibaba Group by 20.9% during the second quarter. Wagner Bowman Management Corp now owns 1,680 shares of the specialty retailer’s stock valued at $311,000 after purchasing an additional 290 shares during the last quarter. Adviser Investments LLC lifted its stake in Alibaba Group by 16.5% during the second quarter. Adviser Investments LLC now owns 2,060 shares of the specialty retailer’s stock valued at $382,000 after purchasing an additional 292 shares during the last quarter. Finally, Fiduciary Trust Co. lifted its stake in Alibaba Group by 7.4% during the second quarter. Fiduciary Trust Co. now owns 4,250 shares of the specialty retailer’s stock valued at $789,000 after purchasing an additional 294 shares during the last quarter. 38.14% of the stock is owned by institutional investors and hedge funds.

NYSE BABA traded down $4.62 on Friday, hitting $149.48. The stock had a trading volume of 243,106 shares, compared to its average volume of 23,221,716. Alibaba Group has a one year low of $130.06 and a one year high of $211.70. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. The stock has a market cap of $394.67 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 1.42 and a beta of 2.35.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, topping the consensus estimate of $0.82 by $0.19. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. The firm had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. Alibaba Group’s quarterly revenue was up 49.6% on a year-over-year basis. As a group, equities research analysts expect that Alibaba Group will post 3.48 earnings per share for the current fiscal year.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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