Alibaba Group Holding Limited (NYSE:BABA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been given an average rating of “Moderate Buy” by the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $114.00.

Several brokerages recently issued reports on BABA. Truist Financial reduced their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Sanford C. Bernstein upped their target price on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Susquehanna dropped their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th.

Institutional Trading of Alibaba Group

Hedge funds have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its position in shares of Alibaba Group by 462.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after acquiring an additional 139,134 shares during the period. Generate Investment Management Ltd bought a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $12,656,000. SRN Advisors LLC lifted its position in shares of Alibaba Group by 76.7% in the 1st quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock worth $1,611,000 after acquiring an additional 9,663 shares during the period. ORG Partners LLC lifted its position in shares of Alibaba Group by 52,685.7% in the 1st quarter. ORG Partners LLC now owns 11,085 shares of the specialty retailer’s stock worth $813,000 after acquiring an additional 11,064 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in shares of Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after acquiring an additional 50,000 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 0.1 %

Shares of NYSE BABA opened at $99.82 on Wednesday. Alibaba Group has a 12 month low of $66.63 and a 12 month high of $117.82. The company has a market cap of $253.29 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 0.55 and a beta of 0.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $94.77 and a 200-day simple moving average of $83.60.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $14.57. The firm had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.47 EPS. Sell-side analysts predict that Alibaba Group will post 7.93 EPS for the current 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.