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

Key Points

• Alibaba Group Holding Limited has an average analyst recommendation of "Moderate Buy", with two hold ratings and eleven buy ratings from thirteen analysts.
• Institutional investors have recently made significant increases in their stakes, including Kingstone Capital Partners, which raised its stake by over 1,349,768%.
• Alibaba's current stock price is $124.35 with a market capitalization of approximately $296.55 billion and a 52-week price range of $79.21 to $148.43.

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $159.6667.

A number of research analysts recently weighed in on the company. Arete cut Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a report on Tuesday, June 24th. Robert W. Baird reduced their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Wall Street Zen cut Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Barclays reduced their target price on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, July 15th. Finally, Arete Research cut Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BABA. Kingstone Capital Partners Texas LLC lifted its stake in shares of Alibaba Group by 1,349,768.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock worth $5,558,646,000 after acquiring an additional 49,010,087 shares in the last quarter. Norges Bank acquired a new position in shares of Alibaba Group in the second quarter worth about $527,243,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Alibaba Group by 3,214.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock worth $578,992,000 after acquiring an additional 4,246,564 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Alibaba Group by 85.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer's stock worth $1,131,558,000 after acquiring an additional 3,947,460 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Alibaba Group by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock worth $2,069,144,000 after acquiring an additional 2,885,154 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $124.35 on Tuesday. The company has a market cap of $296.55 billion, a P/E ratio of 16.69, a P/E/G ratio of 1.81 and a beta of 0.17. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group has a 52 week low of $79.21 and a 52 week high of $148.43. The business has a fifty day simple moving average of $116.58 and a 200-day simple moving average of $121.45.

About Alibaba Group

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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