Credit Suisse Group reiterated their outperform rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a report released on Tuesday. The brokerage currently has a $220.00 price target on the specialty retailer’s stock.

A number of other research firms have also recently weighed in on BABA. Oppenheimer Holdings, Inc. restated an outperform rating and issued a $190.00 price target (up previously from $165.00) on shares of Alibaba Group Holding Limited in a research note on Friday, August 25th. Royal Bank Of Canada lifted their price objective on shares of Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an outperform rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of Alibaba Group Holding Limited from a hold rating to a strong-buy rating and set a $157.00 price objective for the company in a research report on Thursday, June 15th. Macquarie upped their price objective on shares of Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an outperform rating in a report on Friday, August 18th. Finally, Bank of America Corporation reiterated a buy rating and issued a $161.00 price objective (up from $144.00) on shares of Alibaba Group Holding Limited in a report on Sunday, June 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group Holding Limited has a consensus rating of Buy and an average target price of $175.55.

Shares of Alibaba Group Holding Limited (BABA) traded up 0.49% during midday trading on Tuesday, hitting $179.44. 5,927,501 shares of the stock traded hands. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $180.87. The firm’s 50 day moving average price is $172.02 and its 200 day moving average price is $140.73. The company has a market capitalization of $456.32 billion, a PE ratio of 59.56 and a beta of 2.60.

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, beating analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter last year, the company posted $0.74 earnings per share. Analysts expect that Alibaba Group Holding Limited will post $4.95 EPS for the current year.

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Several large investors have recently modified their holdings of BABA. Shine Investment Advisory Services Inc. acquired a new stake in Alibaba Group Holding Limited in the second quarter valued at $102,000. Lee Financial Co raised its position in 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 purchasing an additional 250 shares during the last quarter. Winch Advisory Services LLC raised its position in 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 purchasing an additional 482 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in Alibaba Group Holding Limited during the 2nd quarter worth $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Alibaba Group Holding Limited by 29.0% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 37.39% of the company’s stock.

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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