Alibaba Group Holding Limited (NYSE:BABA) Given Consensus Recommendation of “Buy” by Analysts

Alibaba Group Holding Limited (NYSE:BABA) has been given an average recommendation of “Buy” by the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Fourteen research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $144.07.

BABA has been the topic of several recent analyst reports. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Barclays increased their price target on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citigroup increased their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Robert W. Baird increased their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Mizuho boosted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th.

Alibaba Group Trading Down 1.3 %

Shares of Alibaba Group stock opened at $130.82 on Tuesday. The company has a market capitalization of $310.82 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a fifty day moving average of $101.27 and a 200 day moving average of $95.35. Alibaba Group has a fifty-two week low of $68.36 and a fifty-two week high of $145.30.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, sell-side analysts anticipate that Alibaba Group will post 7.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. acquired a new position in Alibaba Group during the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at about $32,000. Assetmark Inc. grew its position in Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares during the period. Strategic Investment Solutions Inc. IL grew its position in Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 200 shares during the period. Finally, Redwood Park Advisors LLC acquired a new stake in Alibaba Group during the fourth quarter valued at $52,000. 13.47% of the stock is owned by institutional investors and hedge funds.

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.