Alibaba Group Holding Limited (BABA) Given Buy Rating at HSBC Holdings plc

HSBC Holdings plc reiterated their buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a report published on Tuesday morning. HSBC Holdings plc currently has a $204.00 price target on the specialty retailer’s stock.

BABA has been the topic of a number of other research reports. Needham & Company LLC boosted their price objective on Alibaba Group Holding Limited from $155.00 to $190.00 and gave the stock a buy rating in a research note on Friday, August 18th. Vetr lowered Alibaba Group Holding Limited from a strong-buy rating to a buy rating and set a $175.06 price objective on the stock. in a research note on Wednesday, August 16th. Royal Bank Of Canada boosted their price objective on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an outperform rating in a research note on Friday, August 18th. Bank of America Corporation boosted their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a buy rating in a research note on Friday, August 18th. Finally, KeyCorp set a $182.00 price objective on Alibaba Group Holding Limited and gave the stock an overweight rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-four have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $177.09.

Shares of Alibaba Group Holding Limited (BABA) traded up 0.6266% on Tuesday, hitting $184.2674. The stock had a trading volume of 9,331,029 shares. The firm has a 50 day moving average price of $174.42 and a 200-day moving average price of $143.40. The company has a market cap of $471.94 billion, a price-to-earnings ratio of 74.6022 and a beta of 2.60. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $184.60.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter in the previous year, the firm earned $0.74 EPS. Analysts anticipate that Alibaba Group Holding Limited will post $4.99 EPS for the current year.

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Several hedge funds have recently bought and sold shares of BABA. State of Wisconsin Investment Board acquired a new position in shares of Alibaba Group Holding Limited during the first quarter worth about $484,000. WFG Advisors LP boosted its position in shares of Alibaba Group Holding Limited by 5.3% during the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock worth $127,000 after buying an additional 59 shares during the period. Harvest Fund Management Co. Ltd boosted its position in shares of Alibaba Group Holding Limited by 5.4% during the first quarter. Harvest Fund Management Co. Ltd now owns 1,325,662 shares of the specialty retailer’s stock worth $142,946,000 after buying an additional 67,459 shares during the period. Tredje AP fonden acquired a new position in shares of Alibaba Group Holding Limited during the first quarter worth about $2,157,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in shares of Alibaba Group Holding Limited by 22.5% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 334,945 shares of the specialty retailer’s stock worth $36,117,000 after buying an additional 61,459 shares during the period. 37.39% of the stock is owned by institutional investors.

Alibaba Group Holding Limited Company Profile

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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