Brokerages Set Alibaba Group Holding Limited (NYSE:BABA) PT at $195.17

Alibaba Group Holding Limited (NYSE:BABA) has received an average recommendation of “Moderate Buy” from the twenty research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $195.1667.

Several equities research analysts have commented on BABA shares. Benchmark restated a “buy” rating and issued a $195.00 target price on shares of Alibaba Group in a research note on Tuesday, November 25th. Jefferies Financial Group cut their price objective on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Citigroup raised their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Wednesday, January 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, January 21st.

Hedge Funds Weigh In On Alibaba Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 981 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Alibaba Group in the 1st quarter valued at about $254,000. CWM LLC lifted its stake in Alibaba Group by 0.8% in the 2nd quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock valued at $1,364,000 after purchasing an additional 92 shares during the last quarter. Harbour Investments Inc. grew its holdings in Alibaba Group by 5.0% during the second quarter. Harbour Investments Inc. now owns 2,642 shares of the specialty retailer’s stock worth $300,000 after purchasing an additional 127 shares during the period. Finally, Mutual Advisors LLC increased its position in Alibaba Group by 3.4% during the second quarter. Mutual Advisors LLC now owns 3,948 shares of the specialty retailer’s stock worth $474,000 after buying an additional 130 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $152.90 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $365.04 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 3.38 and a beta of 0.39. The stock’s 50-day moving average is $159.04 and its 200-day moving average is $156.99. Alibaba Group has a one year low of $95.73 and a one year high of $192.67.

About Alibaba Group

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.