Today The Alibaba Group Holding Limited (BABA) Receives “Outperform” Rating from Sanford C. Bernstein

Today The Alibaba Group Holding Limited (BABA) Receives “Outperform” Rating from Sanford C. Bernstein

Sanford C. Bernstein reissued their outperform rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a research report report published on Tuesday. Sanford C. Bernstein currently has a $117.00 price target on the stock.

Other equities analysts have also issued reports about the company. Standpoint Research raised Alibaba Group Holding Limited from a hold rating to an accumulate rating and set a $113.00 target price on the stock in a research report on Monday, January 9th. Stifel Nicolaus reissued a buy rating and set a $125.00 price target on shares of Alibaba Group Holding Limited in a research report on Tuesday, November 1st. Citigroup Inc. upped their price target on Alibaba Group Holding Limited from $112.00 to $133.00 and gave the company a buy rating in a research report on Thursday, October 27th. Needham & Company LLC upped their price target on Alibaba Group Holding Limited from $105.00 to $125.00 and gave the company a buy rating in a research report on Thursday, October 20th. Finally, Nomura reissued a buy rating and set a $129.00 price target (up from $95.00) on shares of Alibaba Group Holding Limited in a research report on Monday, October 17th. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $119.05.

Alibaba Group Holding Limited (NYSE:BABA) traded up 1.92% during midday trading on Tuesday, reaching $103.38. The company’s stock had a trading volume of 14,046,351 shares. The company’s 50-day moving average price is $92.25 and its 200-day moving average price is $95.14. Alibaba Group Holding Limited has a 1-year low of $59.25 and a 1-year high of $109.87. The company has a market capitalization of $256.18 billion, a price-to-earnings ratio of 55.25 and a beta of 2.68.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Tuesday, January 24th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.17. Alibaba Group Holding Limited had a return on equity of 13.29% and a net margin of 26.44%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.32 billion. During the same period in the prior year, the company posted $0.99 EPS. On average, analysts predict that Alibaba Group Holding Limited will post $3.26 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Alibaba Group Holding Limited by 102.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 31,179,716 shares of the company’s stock valued at $3,298,502,000 after buying an additional 15,751,926 shares in the last quarter. Primavera Capital Management Ltd acquired a new stake in shares of Alibaba Group Holding Limited during the third quarter valued at about $902,372,000. Temasek Holdings Private Ltd increased its stake in shares of Alibaba Group Holding Limited by 13.7% in the second quarter. Temasek Holdings Private Ltd now owns 54,076,397 shares of the company’s stock valued at $4,300,696,000 after buying an additional 6,526,596 shares in the last quarter. State Street Corp increased its stake in shares of Alibaba Group Holding Limited by 63.9% in the second quarter. State Street Corp now owns 16,141,308 shares of the company’s stock valued at $1,283,715,000 after buying an additional 6,292,030 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Alibaba Group Holding Limited by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the company’s stock valued at $2,382,071,000 after buying an additional 5,496,854 shares in the last quarter. 34.80% of the stock is owned by hedge funds and other institutional investors.

About Alibaba Group Holding Limited

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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