Analysts Set Alibaba Group Holding Limited (NYSE:BABA) Price Target at $114.07

Shares of Alibaba Group Holding Limited (NYSE:BABA) have been given an average rating of “Moderate Buy” by the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $114.07.

BABA has been the subject of a number of recent analyst reports. Susquehanna lowered their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. JPMorgan Chase & Co. increased their price target on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 16th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Sanford C. Bernstein increased their target price on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, August 16th.

Alibaba Group Stock Down 0.5 %

Shares of Alibaba Group stock opened at $85.18 on Friday. The company has a fifty day moving average price of $98.47 and a 200 day moving average price of $86.00. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group has a twelve month low of $66.63 and a twelve month high of $117.82. The stock has a market cap of $203.95 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.41 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 earnings per share. Equities research analysts forecast that Alibaba Group will post 8.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Synovus Financial Corp boosted its stake in Alibaba Group by 9.5% during the 3rd quarter. Synovus Financial Corp now owns 5,533 shares of the specialty retailer’s stock valued at $587,000 after purchasing an additional 481 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $89,000. World Investment Advisors LLC boosted its position in shares of Alibaba Group by 17.0% during the third quarter. World Investment Advisors LLC now owns 10,252 shares of the specialty retailer’s stock worth $1,088,000 after buying an additional 1,486 shares during the period. Sanctuary Advisors LLC grew its holdings in Alibaba Group by 29.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 59,025 shares of the specialty retailer’s stock worth $6,264,000 after buying an additional 13,351 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co increased its position in Alibaba Group by 21.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 114,981 shares of the specialty retailer’s stock valued at $12,202,000 after acquiring an additional 20,654 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

About Alibaba Group

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.