Alibaba Group Holding Limited (NYSE:BABA) Receives $188.75 Average PT from Brokerages

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) has been given an average recommendation of “Moderate Buy” by the twenty-three research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $188.75.

BABA has been the topic of several analyst reports. Morgan Stanley cut their target price on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Barclays cut their target price on Alibaba Group from $190.00 to $186.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Argus raised Alibaba Group to a “hold” rating in a research note on Tuesday, March 24th. Arete Research raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Wednesday, January 21st. Finally, Erste Group Bank lowered Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th.

Check Out Our Latest Stock Analysis on Alibaba Group

Institutional Investors Weigh In On Alibaba Group

Large investors have recently modified their holdings of the business. Ameriflex Group Inc. increased its holdings in shares of Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 72 shares in the last quarter. Hoey Investments Inc. increased its holdings in shares of Alibaba Group by 95.2% in the first quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Alibaba Group in the third quarter worth about $30,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Alibaba Group in the third quarter worth about $30,000. Finally, NBT Bank N A NY increased its holdings in shares of Alibaba Group by 231.5% in the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 125 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Trading Down 0.8%

NYSE:BABA opened at $132.23 on Friday. Alibaba Group has a 1-year low of $103.71 and a 1-year high of $192.67. The business’s 50-day moving average price is $132.60 and its two-hundred day moving average price is $150.93. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $317.22 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.42 and a beta of 0.50.

Alibaba Group (NYSE:BABAGet Free Report) last released its earnings results on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%.The firm had revenue of $40.71 billion for the quarter. On average, equities analysts expect that Alibaba Group will post 4.33 earnings per share for the current year.

Alibaba Group News Roundup

Here are the key news stories impacting Alibaba Group this week:

About Alibaba Group

(Get Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

See Also

Analyst Recommendations for Alibaba Group (NYSE:BABA)

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.