BidaskClub upgraded shares of Alibaba Group Holding Limited (NYSE:BABA) from a hold rating to a buy rating in a report issued on Thursday.
Several other analysts have also recently issued reports on BABA. Vetr cut Alibaba Group Holding Limited from a strong-buy rating to a buy rating and set a $160.50 price objective on the stock. in a research note on Wednesday, July 5th. Atlantic Securities restated a hold rating on shares of Alibaba Group Holding Limited in a research note on Friday, July 14th. HSBC Holdings plc restated a buy rating and set a $168.00 price objective (up previously from $162.00) on shares of Alibaba Group Holding Limited in a research note on Saturday, July 22nd. Instinet restated a buy rating on shares of Alibaba Group Holding Limited in a research note on Saturday, July 22nd. Finally, Barclays PLC upped their price objective on Alibaba Group Holding Limited to $180.00 and gave the company an overweight rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $183.31.
Shares of Alibaba Group Holding Limited (BABA) traded down $2.87 on Thursday, reaching $183.21. The company had a trading volume of 19,697,343 shares, compared to its average volume of 17,747,468. The stock has a market capitalization of $469,229.06, a P/E ratio of 53.26, a P/E/G ratio of 1.56 and a beta of 2.61. Alibaba Group Holding Limited has a 1 year low of $86.01 and a 1 year high of $191.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.74 and a quick ratio of 1.74.
Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The firm 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 18.65% and a net margin of 30.87%. During the same quarter in the prior year, the business posted $0.74 earnings per share. sell-side analysts anticipate that Alibaba Group Holding Limited will post 3.96 earnings per share for the current year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in BABA. Shine Investment Advisory Services Inc. bought a new stake in shares of Alibaba Group Holding Limited during the 2nd quarter worth $102,000. FNY Managed Accounts LLC bought a new stake in shares of Alibaba Group Holding Limited during the 1st quarter worth $107,000. Lee Financial Co boosted its stake in shares of Alibaba Group Holding Limited by 45.5% during the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 250 shares in the last quarter. Winch Advisory Services LLC boosted its stake in shares of Alibaba Group Holding Limited by 147.4% during the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Alibaba Group Holding Limited during the 2nd quarter worth $116,000. 37.45% of the stock is owned by institutional investors and hedge funds.
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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