Alibaba Group Holding Ltd (NYSE:BABA)‘s stock had its “conviction-buy” rating restated by Goldman Sachs Group Inc in a note issued to investors on Friday. They currently have a $135.00 price target on the stock. Goldman Sachs Group Inc’s price objective indicates a potential upside of 25.87% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Cantor Fitzgerald lifted their target price on Alibaba Group Holding to $120.00 in a research report on Wednesday, January 25th. MKM Partners restated a “buy” rating and issued a $130.00 target price on shares of Alibaba Group Holding in a research report on Monday, December 19th. HSBC Holdings plc lifted their target price on Alibaba Group Holding to $125.00 in a research report on Wednesday, January 25th. Robert W. Baird restated a “neutral” rating and issued a $37.00 target price on shares of Alibaba Group Holding in a research report on Wednesday, January 25th. Finally, SunTrust Banks, Inc. set a $125.00 target price on Alibaba Group Holding and gave the company a “buy” rating in a research report on Wednesday, January 25th. Two analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Alibaba Group Holding presently has a consensus rating of “Buy” and an average price target of $122.94.
Alibaba Group Holding (NYSE:BABA) opened at 107.25 on Friday. Alibaba Group Holding has a 52-week low of $73.30 and a 52-week high of $109.87. The company has a market cap of $266.52 billion, a P/E ratio of 49.52 and a beta of 2.73. The stock’s 50 day moving average price is $102.68 and its 200-day moving average price is $99.06.
Alibaba Group Holding (NYSE:BABA) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.17. Alibaba Group Holding had a return on equity of 14.88% and a net margin of 26.56%. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter last year, the business posted $0.99 earnings per share. On average, equities analysts predict that Alibaba Group Holding will post $3.48 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Apriem Advisors boosted its stake in shares of Alibaba Group Holding by 14.2% in the third quarter. Apriem Advisors now owns 1,003 shares of the company’s stock worth $106,000 after buying an additional 125 shares during the period. Ayalon Holdings Ltd. increased its stake in Alibaba Group Holding by 28.7% in the third quarter. Ayalon Holdings Ltd. now owns 1,120 shares of the company’s stock valued at $118,000 after buying an additional 250 shares in the last quarter. Van Hulzen Asset Management LLC bought a new stake in Alibaba Group Holding during the third quarter valued at approximately $130,000. Massmutual Trust Co. FSB ADV bought a new stake in Alibaba Group Holding during the fourth quarter valued at approximately $110,000. Finally, Equitec Proprietary Markets LLC bought a new stake in Alibaba Group Holding during the third quarter valued at approximately $148,000. 35.17% of the stock is owned by hedge funds and other institutional investors.
About Alibaba Group Holding
Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.
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