KeyCorp Reiterates “Buy” Rating for Alibaba Group Holding Limited (BABA)

KeyCorp reissued their buy rating on shares of Alibaba Group Holding Limited (NYSE:BABA) in a research note released on Friday, November 3rd.

Other equities research analysts have also issued reports about the stock. Robert W. Baird raised their price objective on shares of Alibaba Group Holding Limited from $170.00 to $190.00 and gave the stock an outperform rating in a report on Friday, August 18th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $208.00 target price (up previously from $200.00) on shares of Alibaba Group Holding Limited in a report on Sunday, August 20th. Zacks Investment Research downgraded shares of Alibaba Group Holding Limited from a buy rating to a hold rating in a report on Tuesday, October 17th. MKM Partners reiterated a buy rating and set a $220.00 price objective on shares of Alibaba Group Holding Limited in a research report on Monday, October 2nd. Finally, Vetr upgraded shares of Alibaba Group Holding Limited from a buy rating to a strong-buy rating and set a $202.18 price target for the company in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $184.45.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at $181.79 on Friday. The stock has a market cap of $465,590.00, a PE ratio of 53.65, a price-to-earnings-growth ratio of 1.39 and a beta of 2.60. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. The firm had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. equities research analysts predict that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Capital Research Global Investors increased its position in Alibaba Group Holding Limited by 2.2% during the second quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock worth $4,736,830,000 after buying an additional 738,281 shares in the last quarter. FMR LLC increased its position in Alibaba Group Holding Limited by 42.5% during the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after buying an additional 7,544,165 shares in the last quarter. Jennison Associates LLC increased its position in Alibaba Group Holding Limited by 3.3% during the second quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock worth $2,881,139,000 after buying an additional 661,109 shares in the last quarter. Capital World Investors increased its position in Alibaba Group Holding Limited by 5.7% during the second quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after buying an additional 1,091,620 shares in the last quarter. Finally, State Street Corp increased its position in Alibaba Group Holding Limited by 1.8% during the first quarter. State Street Corp now owns 18,826,837 shares of the specialty retailer’s stock worth $2,030,102,000 after buying an additional 329,969 shares in the last quarter. 37.47% of the stock is owned by institutional investors and hedge funds.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, 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 (China) and internationally.

Analyst Recommendations for Alibaba Group Holding Limited (NYSE:BABA)

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