Trade Report: The Alibaba Group Holding Ltd. (BABA) Given “Buy” Rating at Nomura

The Alibaba Group Holding Ltd. (BABA) Given “Buy” Rating at Nomura

Alibaba Group Holding Ltd. (NYSE:BABA)‘s stock had its “buy” rating reaffirmed by investment analysts at Nomura in a report issued on Monday. They currently have a $129.00 target price on the stock, up from their previous target price of $95.00. Nomura’s target price points to a potential upside of 27.36% from the company’s previous close.

BABA has been the topic of several other reports. Jefferies Group lifted their price target on shares of Alibaba Group Holding from $86.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group Holding from $96.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday, August 12th. SunTrust Banks Inc. reiterated a “buy” rating and set a $90.00 price target on shares of Alibaba Group Holding in a research note on Thursday, June 30th. RBC Capital Markets reiterated an “outperform” rating and set a $105.00 price target on shares of Alibaba Group Holding in a research note on Thursday, August 11th. Finally, MKM Partners reiterated a “buy” rating and set a $130.00 price target on shares of Alibaba Group Holding in a research note on Tuesday, September 27th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $113.22.

Shares of Alibaba Group Holding (NYSE:BABA) traded up 1.10% during midday trading on Monday, hitting $102.97. 4,324,187 shares of the stock were exchanged. The company has a market cap of $254.64 billion, a PE ratio of 36.50 and a beta of 2.94. Alibaba Group Holding has a 12 month low of $59.25 and a 12 month high of $109.87. The stock has a 50 day moving average price of $103.27 and a 200-day moving average price of $86.72.

Alibaba Group Holding (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.11. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the business earned $0.59 EPS. On average, analysts predict that Alibaba Group Holding will post $3.29 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ING Groep NV increased its position in shares of Alibaba Group Holding by 72.0% in the first quarter. ING Groep NV now owns 33,494 shares of the company’s stock valued at $2,647,000 after buying an additional 14,023 shares during the period. Aviva PLC boosted its stake in Alibaba Group Holding by 5.3% in the first quarter. Aviva PLC now owns 73,700 shares of the company’s stock valued at $5,825,000 after buying an additional 3,700 shares in the last quarter. BB&T Securities LLC boosted its stake in Alibaba Group Holding by 5.1% in the first quarter. BB&T Securities LLC now owns 4,161 shares of the company’s stock valued at $328,000 after buying an additional 202 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Alibaba Group Holding by 16.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,179,214 shares of the company’s stock valued at $172,223,000 after buying an additional 315,601 shares in the last quarter. Finally, Cupps Capital Management LLC boosted its stake in Alibaba Group Holding by 23.8% in the first quarter. Cupps Capital Management LLC now owns 3,059 shares of the company’s stock valued at $241,000 after buying an additional 589 shares in the last quarter. Institutional investors and hedge funds own 29.15% of the company’s stock.

Alibaba Group Holding Company Profile

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