Alibaba Group Holding Limited (NYSE:BABA) Given Average Recommendation of "Buy" by Analysts

Key Points

• Alibaba Group Holding Limited has received an average rating of "Buy" from 19 brokerages, with one rating as a hold, 17 as buy, and one as strong buy.
• Recent price target upgrades from analysts range from $162.00 to $195.00, indicating strong confidence in Alibaba's stock performance.
• Institutional investors now own 13.47% of Alibaba's stock, with several newly acquiring stakes in the company during the first quarter.

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) have been assigned an average rating of "Buy" from the nineteen brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $188.0588.

A number of research analysts recently weighed in on the company. Robert W. Baird upped their price objective on Alibaba Group from $153.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. Bank of America upped their price target on shares of Alibaba Group from $168.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Barclays upped their price target on shares of Alibaba Group from $145.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. UBS Group restated a "buy" rating and set a $162.00 target price on shares of Alibaba Group in a research report on Sunday, August 31st. Finally, Benchmark upped their target price on shares of Alibaba Group from $176.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd.

Alibaba Group Stock Performance

Shares of BABA opened at $162.90 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $388.37 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.09 and a beta of 0.18. The company's fifty day moving average is $148.27 and its two-hundred day moving average is $127.93. Alibaba Group has a 1 year low of $80.06 and a 1 year high of $192.67.

Institutional Investors Weigh In On Alibaba Group

Large investors have recently added to or reduced their stakes in the business. 1248 Management LLC acquired a new stake in Alibaba Group in the 1st quarter valued at about $26,000. North Ridge Wealth Advisors Inc. acquired a new stake in shares of Alibaba Group in the first quarter valued at approximately $26,000. Summit Securities Group LLC grew its position in shares of Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 59,000 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Alibaba Group in the first quarter valued at approximately $26,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after buying an additional 196 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

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