Analysts Set Alibaba Group Holding Limited (NYSE:BABA) Price Target at $115.13

Shares of Alibaba Group Holding Limited (NYSE:BABA) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $115.13.

A number of brokerages recently commented on BABA. Bank of America lifted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Citigroup boosted their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays reduced their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Robert W. Baird boosted their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BABA. Joule Financial LLC boosted its position in shares of Alibaba Group by 1.8% during the fourth quarter. Joule Financial LLC now owns 7,807 shares of the specialty retailer’s stock valued at $662,000 after purchasing an additional 140 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of Alibaba Group by 30.4% during the 4th quarter. Aaron Wealth Advisors LLC now owns 5,987 shares of the specialty retailer’s stock valued at $508,000 after buying an additional 1,395 shares in the last quarter. Whitaker Myers Wealth Managers LTD. purchased a new stake in shares of Alibaba Group in the 4th quarter worth about $261,000. Riversedge Advisors LLC increased its stake in shares of Alibaba Group by 41.0% in the 4th quarter. Riversedge Advisors LLC now owns 2,664 shares of the specialty retailer’s stock worth $226,000 after acquiring an additional 774 shares in the last quarter. Finally, Udine Wealth Management Inc. lifted its position in Alibaba Group by 4.9% during the 4th quarter. Udine Wealth Management Inc. now owns 24,180 shares of the specialty retailer’s stock valued at $2,050,000 after acquiring an additional 1,119 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.9 %

Shares of BABA stock opened at $82.40 on Monday. The business has a 50-day moving average price of $86.88 and a two-hundred day moving average price of $87.66. Alibaba Group has a 12-month low of $66.63 and a 12-month high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market cap of $196.36 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. Equities analysts anticipate that Alibaba Group will post 8.44 EPS for the current fiscal year.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.