Alibaba Group Holding Ltd (NYSE:BABA) has received a consensus recommendation of “Buy” from the thirty-six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $212.98.
Several analysts recently issued reports on BABA shares. MKM Partners reissued a “buy” rating on shares of Alibaba Group in a report on Friday, December 15th. Stifel Nicolaus reissued a “buy” rating on shares of Alibaba Group in a report on Wednesday, December 13th. Vetr downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $206.73 price target on the stock. in a report on Friday, November 17th. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a report on Monday, December 4th. Finally, Oppenheimer reissued a “buy” rating and issued a $220.00 price target on shares of Alibaba Group in a report on Wednesday, January 24th.
Shares of Alibaba Group (NYSE BABA) opened at $190.55 on Friday. The stock has a market capitalization of $496,810.00, a P/E ratio of 46.82, a P/E/G ratio of 1.52 and a beta of 2.57. Alibaba Group has a 1-year low of $102.60 and a 1-year high of $206.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Alibaba Group by 7.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 71,243 shares of the specialty retailer’s stock worth $12,284,000 after acquiring an additional 4,923 shares during the last quarter. Certified Advisory Corp acquired a new position in shares of Alibaba Group in the 4th quarter worth $155,000. Fairfield Bush & CO. grew its holdings in shares of Alibaba Group by 118.0% in the 4th quarter. Fairfield Bush & CO. now owns 4,065 shares of the specialty retailer’s stock worth $701,000 after acquiring an additional 2,200 shares during the last quarter. Wagner Wealth Management LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth $123,000. Finally, D.B. Root & Company LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth $862,000. Institutional investors and hedge funds own 37.61% of the company’s stock.
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About Alibaba Group
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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