Alibaba Group Holding Limited (BABA) Receives “Buy” Rating from Macquarie

Macquarie reiterated their buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a report issued on Monday morning. Macquarie currently has a $245.00 price objective on the specialty retailer’s stock. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on BABA. Instinet boosted their price target on shares of Alibaba Group Holding Limited from $139.00 to $170.00 and gave the stock a buy rating in a research note on Monday, June 19th. Deutsche Bank AG decreased their price target on shares of Alibaba Group Holding Limited to $158.00 and set a buy rating on the stock in a research note on Monday, June 19th. Pacific Crest reiterated a buy rating and issued a $137.00 price target on shares of Alibaba Group Holding Limited in a research note on Monday, June 19th. Vetr cut shares of Alibaba Group Holding Limited from a buy rating to a hold rating and set a $148.71 price target on the stock. in a research note on Wednesday, June 21st. Finally, Robert W. Baird reiterated an outperform rating and issued a $170.00 price target on shares of Alibaba Group Holding Limited in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have given a buy rating and three have issued a strong buy rating to the stock. Alibaba Group Holding Limited has an average rating of Buy and a consensus target price of $178.57.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at 179.56 on Monday. The firm’s 50-day moving average price is $175.04 and its 200-day moving average price is $144.98. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $184.70. The stock has a market cap of $456.62 billion, a P/E ratio of 59.60 and a beta of 2.61.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. During the same quarter in the previous year, the company earned $0.74 EPS. Equities analysts predict that Alibaba Group Holding Limited will post $4.98 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AJO LP boosted its stake in shares of Alibaba Group Holding Limited by 55.5% during the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock valued at $18,673,000 after purchasing an additional 47,324 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Alibaba Group Holding Limited by 18.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock valued at $14,914,000 after purchasing an additional 16,528 shares in the last quarter. Good Life Advisors LLC bought a new position in shares of Alibaba Group Holding Limited during the second quarter valued at approximately $218,000. Sylebra HK Co Ltd boosted its stake in shares of Alibaba Group Holding Limited by 0.5% during the first quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock valued at $37,490,000 after purchasing an additional 1,631 shares in the last quarter. Finally, Mirador Capital Partners LP bought a new position in shares of Alibaba Group Holding Limited during the second quarter valued at approximately $220,000. Hedge funds and other institutional investors own 37.34% of the company’s stock.

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.

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

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