Vetr Inc. Downgrades Alibaba Group Holding Limited (BABA) to Buy

Alibaba Group Holding Limited (NYSE:BABA) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They currently have a $197.98 price target on the specialty retailer’s stock. Vetr‘s target price would indicate a potential upside of 7.08% from the company’s previous close.

Several other equities analysts also recently commented on BABA. Needham & Company LLC increased their price objective on Alibaba Group Holding Limited from $155.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada increased their price objective on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Bank of America Corp increased their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, August 18th. KeyCorp set a $182.00 price objective on Alibaba Group Holding Limited and gave the company an “overweight” rating in a research report on Friday, August 18th. Finally, BidaskClub raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $181.89.

Alibaba Group Holding Limited (NYSE BABA) opened at 184.89 on Monday. The firm has a market cap of $470.18 billion, a P/E ratio of 62.40 and a beta of 2.61. The firm has a 50 day moving average of $176.94 and a 200-day moving average of $150.55. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $185.12.

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, topping analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The firm had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $4.88 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This article was published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.com-unik.info/2017/11/01/vetr-inc-downgrades-alibaba-group-holding-limited-baba-to-buy.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AJO LP increased its position in shares of Alibaba Group Holding Limited by 55.5% during the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after purchasing an additional 47,324 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Alibaba Group Holding Limited by 18.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after purchasing an additional 16,528 shares during the last quarter. Good Life Advisors LLC acquired a new position in shares of Alibaba Group Holding Limited during the 2nd quarter worth approximately $218,000. Sylebra HK Co Ltd increased its position in shares of Alibaba Group Holding Limited by 0.5% during the 1st quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock worth $37,490,000 after purchasing an additional 1,631 shares during the last quarter. Finally, Mirador Capital Partners LP acquired a new position in shares of Alibaba Group Holding Limited during the 2nd quarter worth approximately $220,000. Hedge funds and other institutional investors own 37.45% of the company’s stock.

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.

Analyst Recommendations for Alibaba Group Holding Limited (NYSE:BABA)

What are top analysts saying about Alibaba Group Holding Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alibaba Group Holding Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit