Vetr downgraded shares of Alibaba Group Holding Ltd. (NYSE:BABA) from a strong-buy rating to a buy rating in a research note released on Tuesday. They currently have $107.56 price target on the stock.
A number of other analysts also recently issued reports on the company. Citigroup Inc. restated a buy rating and issued a $138.00 price target on shares of Alibaba Group Holding in a research report on Thursday, September 29th. Zacks Investment Research upgraded Alibaba Group Holding from a hold rating to a strong-buy rating and set a $117.00 target price for the company in a research report on Friday, October 14th. Nomura reiterated a buy rating and set a $129.00 target price (up from $95.00) on shares of Alibaba Group Holding in a research report on Monday, October 17th. Cantor Fitzgerald reiterated a buy rating on shares of Alibaba Group Holding in a research report on Monday, November 14th. Finally, Deutsche Bank AG lifted their target price on Alibaba Group Holding from $109.00 to $138.00 and gave the stock a buy rating in a research report on Thursday, September 29th. Four research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Alibaba Group Holding has an average rating of Buy and an average price target of $118.57.
Alibaba Group Holding (NYSE:BABA) opened at 96.06 on Tuesday. The company has a market cap of $238.04 billion, a PE ratio of 51.29 and a beta of 2.68. Alibaba Group Holding has a 52 week low of $59.25 and a 52 week high of $109.87. The company has a 50-day moving average of $91.39 and a 200-day moving average of $94.09.
Alibaba Group Holding (NYSE:BABA) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The company earned $5.14 billion during the quarter, compared to the consensus estimate of $5.03 billion. Alibaba Group Holding had a return on equity of 13.29% and a net margin of 26.44%. During the same period last year, the company earned $0.57 earnings per share. On average, equities analysts expect that Alibaba Group Holding will post $3.25 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Apriem Advisors increased its stake in 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 worth $118,000 after buying an additional 250 shares during the period. Van Hulzen Asset Management LLC purchased a new stake in Alibaba Group Holding during the third quarter worth approximately $130,000. Equitec Proprietary Markets LLC purchased a new stake in Alibaba Group Holding during the third quarter worth approximately $148,000. Finally, Thompson Davis & CO. Inc. increased its stake in Alibaba Group Holding by 47.1% in the third quarter. Thompson Davis & CO. Inc. now owns 1,500 shares of the company’s stock worth $159,000 after buying an additional 480 shares during the period. 34.76% of the stock is owned by hedge funds and other institutional investors.
Alibaba Group Holding Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.