The Alibaba Group Holding Ltd. (BABA) PT Set at $125.00 by SunTrust Banks Inc.

The Alibaba Group Holding Ltd. (BABA) PT Set at $125.00 by SunTrust Banks Inc.

SunTrust Banks Inc. set a $125.00 price objective on Alibaba Group Holding Ltd. (NYSE:BABA) in a research note released on Wednesday morning. The firm currently has a a buy rating on the stock.

A number of other analysts also recently weighed in on the company. Credit Suisse Group AG restated an outperform rating and issued a $114.00 price target (up from $110.00) on shares of Alibaba Group Holding in a research note on Wednesday, July 20th. Citigroup Inc. restated a buy rating and issued a $138.00 price target on shares of Alibaba Group Holding in a research note on Thursday, September 29th. Vetr upgraded Alibaba Group Holding from a buy rating to a strong-buy rating and set a $120.23 price target on the stock in a research note on Tuesday, October 11th. Needham & Company LLC restated a buy rating and issued a $105.00 price target (up from $95.00) on shares of Alibaba Group Holding in a research note on Saturday, August 13th. Finally, Cantor Fitzgerald reiterated a buy rating on shares of Alibaba Group Holding in a research report on Sunday, August 28th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $113.22.

Alibaba Group Holding (NYSE:BABA) opened at 102.84 on Wednesday. The stock’s 50 day moving average price is $103.49 and its 200-day moving average price is $87.01. Alibaba Group Holding has a 12-month low of $59.25 and a 12-month high of $109.87. The stock has a market capitalization of $254.32 billion, a PE ratio of 36.46 and a beta of 2.94.

Alibaba Group Holding (NYSE:BABA) last posted its quarterly earnings results 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 return on equity of 12.31% and a net margin of 42.95%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the previous year, the business earned $0.59 earnings per share. Analysts expect that Alibaba Group Holding will post $3.29 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Cornerstone Advisors Inc. boosted its stake in shares of Alibaba Group Holding by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock valued at $127,000 after buying an additional 39 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Alibaba Group Holding by 1.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,407 shares of the company’s stock worth $191,000 after buying an additional 31 shares during the last quarter. Pinnacle Financial Partners Inc. bought a new stake in shares of Alibaba Group Holding during the second quarter worth $201,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Alibaba Group Holding during the second quarter worth $207,000. Finally, United Asset Strategies Inc. bought a new stake in shares of Alibaba Group Holding during the second quarter worth $210,000. Hedge funds and other institutional investors own 29.15% of the company’s stock.

Alibaba Group Holding Company Profile

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