BABA Stock: Alibaba Group Holding Limited Stock Rating Upgraded by BidaskClub

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Alibaba Group Holding Limited (NYSE:BABA) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, November 2nd.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of 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 report on Thursday, August 17th. Vetr downgraded shares of 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 report on Wednesday, August 16th. SunTrust Banks, Inc. started coverage on shares of Alibaba Group Holding Limited in a research report on Tuesday, August 15th. They set a “buy” rating and a $175.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $160.00 target price on shares of Alibaba Group Holding Limited in a research note on Tuesday, August 15th. Finally, Stifel Nicolaus raised their target price on shares of Alibaba Group Holding Limited from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $184.45.

Alibaba Group Holding Limited (NYSE:BABA) traded down $1.58 during trading hours on Thursday, hitting $182.96. 5,482,472 shares of the stock were exchanged, compared to its average volume of 14,838,464. The stock has a market capitalization of $466,460.00, a PE ratio of 54.19, a price-to-earnings-growth ratio of 1.41 and a beta of 2.60. Alibaba Group Holding Limited has a 1 year low of $86.01 and a 1 year high of $191.22. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. The company 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 firm earned $0.74 earnings per share. sell-side analysts forecast that Alibaba Group Holding Limited will post 4.31 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Shine Investment Advisory Services Inc. purchased a new position in shares of Alibaba Group Holding Limited during the second quarter worth approximately $102,000. First Eagle Investment Management LLC purchased a new position in Alibaba Group Holding Limited in the 3rd quarter valued at $104,000. FNY Managed Accounts LLC purchased a new position in Alibaba Group Holding Limited in the 1st quarter valued at $107,000. Lee Financial Co grew its position in Alibaba Group Holding Limited by 45.5% in the 2nd 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. Finally, Winch Advisory Services LLC grew its position in Alibaba Group Holding Limited by 147.4% in the 2nd 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. 37.47% of the stock is currently 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.

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

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