Today The Alibaba Group Holding Limited (BABA) Receives “Outperform” Rating from Macquarie

Today The Alibaba Group Holding Limited (BABA) Receives “Outperform” Rating from Macquarie

Macquarie reissued their outperform rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a report released on Tuesday. Macquarie currently has a $120.00 price target on the stock.

A number of other equities analysts have also recently weighed in on the stock. Evercore ISI restated a buy rating and set a $125.00 price objective on shares of Alibaba Group Holding Limited in a research report on Tuesday. Brean Capital restated a buy rating and set a $120.00 price objective (up from $115.00) on shares of Alibaba Group Holding Limited in a research report on Tuesday. Sanford C. Bernstein restated an outperform rating and set a $117.00 price objective on shares of Alibaba Group Holding Limited in a research report on Tuesday. Deutsche Bank AG upped their price objective on shares of Alibaba Group Holding Limited from $140.00 to $148.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Robert W. Baird upped their price objective on shares of Alibaba Group Holding Limited to $116.00 and gave the stock an outperform rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. Alibaba Group Holding Limited currently has a consensus rating of Buy and a consensus price target of $119.05.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 1.92% during midday trading on Tuesday, reaching $103.38. 14,046,445 shares of the company were exchanged. Alibaba Group Holding Limited has a 52 week low of $59.25 and a 52 week high of $109.87. The firm has a market capitalization of $256.18 billion, a P/E ratio of 55.25 and a beta of 2.68. The firm has a 50-day moving average of $92.25 and a 200 day moving average of $95.14.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Tuesday, January 24th. The company reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.17. The company earned $7.70 billion during the quarter, compared to analysts’ expectations of $7.32 billion. Alibaba Group Holding Limited had a net margin of 26.44% and a return on equity of 13.29%. During the same period in the prior year, the business posted $0.99 earnings per share. On average, equities research analysts expect that Alibaba Group Holding Limited will post $3.26 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in BABA. Cullen Frost Bankers Inc. boosted its stake in Alibaba Group Holding Limited by 0.6% in the third quarter. Cullen Frost Bankers Inc. now owns 3,557 shares of the company’s stock worth $376,000 after buying an additional 20 shares during the last quarter. Kistler Tiffany Companies LLC boosted its stake in Alibaba Group Holding Limited by 0.6% in the third quarter. Kistler Tiffany Companies LLC now owns 5,533 shares of the company’s stock worth $585,000 after buying an additional 33 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Alibaba Group Holding Limited by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock worth $127,000 after buying an additional 39 shares during the last quarter. Integrated Wealth Management boosted its stake in Alibaba Group Holding Limited by 2.1% in the second quarter. Integrated Wealth Management now owns 3,376 shares of the company’s stock worth $268,000 after buying an additional 70 shares during the last quarter. Finally, BOKF NA boosted its stake in Alibaba Group Holding Limited by 0.8% in the second quarter. BOKF NA now owns 9,485 shares of the company’s stock worth $754,000 after buying an additional 73 shares during the last quarter. 34.80% of the stock is currently owned by institutional investors.

Alibaba Group Holding Limited 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.

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