Alibaba Group Holding Ltd (NYSE:BABA) Given Average Rating of “Buy” by Brokerages

Shares of Alibaba Group Holding Ltd (NYSE:BABA) have earned an average rating of “Buy” from the thirty-one ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $216.62.

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $196.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Stifel Nicolaus increased their target price on Alibaba Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Zacks Investment Research downgraded Alibaba Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. UBS Group set a $210.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, SunTrust Banks reissued a “buy” rating and set a $200.00 target price on shares of Alibaba Group in a research note on Wednesday, May 15th.

BABA opened at $169.45 on Friday. The firm’s 50 day moving average is $162.03. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. The stock has a market cap of $433.99 billion, a P/E ratio of 47.20, a PEG ratio of 1.24 and a beta of 2.32. Alibaba Group has a 52 week low of $129.77 and a 52 week high of $198.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. The firm had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The firm’s revenue was up 51.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.73 EPS. Analysts predict that Alibaba Group will post 5.1 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. Farmers National Bank acquired a new stake in Alibaba Group during the 1st quarter valued at $25,000. Cribstone Capital Management LLC acquired a new stake in Alibaba Group during the 1st quarter valued at $27,000. Manchester Capital Management LLC grew its holdings in Alibaba Group by 171.4% during the 1st quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 96 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in Alibaba Group by 80.4% during the 4th quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 82 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Alibaba Group during the 1st quarter valued at $34,000. 40.68% of the stock is owned by hedge funds and other institutional investors.

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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