Alibaba Group Holding Limited (NYSE:BABA) Receives Average Rating of “Moderate Buy” from Brokerages

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

Several brokerages have weighed in on BABA. Argus raised Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th. Freedom Capital raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. BNP Paribas Exane began coverage on Alibaba Group in a research report on Wednesday, April 29th. They issued an “outperform” rating and a $209.00 target price on the stock. DZ Bank lowered Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 target price on the stock. in a research report on Friday, March 20th. Finally, Barclays dropped their target price on Alibaba Group from $190.00 to $186.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th.

Read Our Latest Analysis on BABA

Key Alibaba Group News

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

Institutional Trading of Alibaba Group

Several large investors have recently made changes to their positions in BABA. Ameriflex Group Inc. boosted its stake in Alibaba Group by 101.4% during the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 72 shares during the period. Hoey Investments Inc. lifted its position in shares of Alibaba Group by 95.2% in the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 100 shares during the period. Mather Group LLC. bought a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $30,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $30,000. Finally, NBT Bank N A NY lifted its position in shares of Alibaba Group by 231.5% in the 3rd 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 during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.7%

Shares of Alibaba Group stock opened at $139.97 on Friday. The stock’s fifty day moving average is $132.13 and its 200-day moving average is $150.58. The firm has a market capitalization of $335.79 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.42 and a beta of 0.50. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. Alibaba Group has a 12-month low of $103.71 and a 12-month high of $192.67.

Alibaba Group (NYSE:BABAGet Free Report) last announced its earnings results on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $40.71 billion for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%. Equities analysts anticipate that Alibaba Group will post 4.32 earnings per share for the current year.

About Alibaba Group

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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.

Further Reading

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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