Alibaba Group Holding Limited (BABA) Given New $200.00 Price Target at UBS AG

Alibaba Group Holding Limited (NYSE:BABA) had its price target increased by stock analysts at UBS AG from $175.00 to $200.00 in a report released on Friday. The firm currently has a “buy” rating on the specialty retailer’s stock. UBS AG’s price target would indicate a potential upside of 22.01% from the stock’s current price.

A number of other research firms have also recently weighed in on BABA. KeyCorp restated an “overweight” rating on shares of Alibaba Group Holding Limited in a research note on Friday. J P Morgan Chase & Co increased their price target on Alibaba Group Holding Limited to $205.00 and gave the company an “overweight” rating in a research note on Friday. They noted that the move was a valuation call. Royal Bank Of Canada increased their price target on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Thursday. Finally, Vetr cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 price target on the stock. in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $153.46.

Alibaba Group Holding Limited (NYSE BABA) traded up 2.10% during trading on Friday, hitting $167.37. 10,202,936 shares of the stock were exchanged. The stock has a market cap of $423.45 billion, a price-to-earnings ratio of 66.23 and a beta of 2.64. The firm’s 50 day moving average price is $151.65 and its 200-day moving average price is $124.10. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $168.00. Alibaba Group Holding Limited also saw some unusual options trading on Wednesday. Stock traders bought 85,508 put options on the stock. This is an increase of approximately 228% compared to the typical volume of 26,062 put options.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. During the same quarter in the prior year, the firm posted $0.74 EPS. On average, analysts anticipate that Alibaba Group Holding Limited will post $4.65 EPS for the current year.

Alibaba Group Holding Limited declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 18th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Several hedge funds and other institutional investors have recently made changes to their positions in BABA. Shine Investment Advisory Services Inc. bought a new position in shares of Alibaba Group Holding Limited during the second quarter valued at about $102,000. FNY Managed Accounts LLC bought a new position in shares of Alibaba Group Holding Limited during the first quarter valued at about $107,000. Lee Financial Co boosted its position in shares of Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares during the last quarter. Winch Advisory Services LLC boosted its position in shares of Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Alibaba Group Holding Limited during the second quarter valued at about $116,000. 36.81% of the stock is currently owned by institutional investors.

About Alibaba Group Holding Limited

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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