Alibaba Group Holding Limited (NYSE:BABA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Alibaba Group Holding Limited (NYSE:BABA) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $107.61.

BABA has been the subject of a number of recent research reports. Susquehanna cut their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research note on Monday, August 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a research note on Friday, July 26th. Morgan Stanley reissued an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. Truist Financial reduced their price target on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Finally, Bank of America increased their price objective on Alibaba Group from $103.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. First Command Advisory Services Inc. acquired a new position in Alibaba Group during the 2nd quarter worth $25,000. GPS Wealth Strategies Group LLC increased its stake in shares of Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group in the second quarter valued at approximately $27,000. Register Financial Advisors LLC purchased a new position in Alibaba Group in the first quarter worth approximately $31,000. Finally, Asset Dedication LLC grew its holdings in Alibaba Group by 315.0% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $114.53 on Friday. The stock has a market capitalization of $290.62 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 0.46 and a beta of 0.33. Alibaba Group has a 52 week low of $66.63 and a 52 week high of $116.57. The firm has a 50-day simple moving average of $86.60 and a 200-day simple moving average of $79.79. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. During the same period in the previous year, the firm posted $2.47 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts predict that Alibaba Group will post 7.93 earnings per share for the current fiscal year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.