Baird's price target points to a potential upside of 12.41% from the stock's current price.
Analysts await Alibaba Group Holding Ltd (NYSE:BABA) to report earnings on August, 10. Oppenheimer Holdings, Inc. restated an "outperform" rating and set a $140.00 target price (up previously from $130.00) on shares of Alibaba Group Holding Limited in a research note on Monday, May 22nd. Barclays PLC increased their price objective on Alibaba Group Holding Limited from $130.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, May 10th. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has "Hold" rating given on Thursday, October 29 by Standpoint Research. Goldman Sachs maintained it with "Buy" rating and $104 target in Tuesday, June 21 report. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Seekingalpha.com and their article: "Alibaba Imitates Amazon's Echo Speaker Strategy" published on July 05, 2017 as well as Investorplace.com's news article titled: "Is Alibaba Group Holding Ltd (BABA) Stock Still Too Dangerous to Buy?" with publication date: July 14, 2017.
Alibaba Group Holding Ltd (NYSE:BABA)'s stock on Friday traded at beginning with a price of $150.12 and when day-trade ended the stock finally moved up 1.54% to reach at $151.83. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company's stock. Hexavest Inc sold 18,607 shares as Alibaba Group Hldg Util (BABA)'s stock rose 22.58%.
Alibaba Group Holding Limited (BABA) traded down 0.54% during mid-day trading on Monday, hitting $151.01. The stock has a market cap of $382.06 billion, a P/E ratio of 60.40 and a beta of 2.62.
The volatility (week) for Alibaba Group Holding Limited is at 1.58% and the volatility (month) is at 2.16%. The 50 day moving average was up by +16.06% and the 200 day average went up by +37.91%. The specialty retailer reported $0.63 EPS for the quarter, missing the Zacks' consensus estimate of $0.64 by $0.01. For the next 5 years, Alibaba Group Holding Limited is expecting Growth of 4.7% per annum, whereas in the past 5 years the growth was 22.37% per annum.
Diluted EPS for trailing twelve months is 2.5 and Quarterly Earnings Growth year over year is 98.5 Percent.
Alibaba Group Holding Limited declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 18th that allows the company to buyback $6.00 billion in outstanding shares.
Hexavest Inc decreased Alibaba Group Hldg Util (BABA) stake by 9.36% reported in 2016Q4 SEC filing.
The stock shows a Short Ratio of 9.46 with the total number of Shares Short (Previous Month) of 119.39 Million.
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A number of other institutional investors have also modified their holdings of BABA. Reliance Trust Co. of DE increased its position in Alibaba Group Holding Limited by 31.5% in the first quarter. The firm owned 3,000 shares of the specialty retailer's stock after buying an additional 500 shares during the period.
Andra Ap-Fonden, which manages about $3.65B US Long portfolio, upped its stake in Danaher Corp Del (NYSE:DHR) by 62,600 shares to 107,500 shares, valued at $8.37 million in 2016Q4, according to the filing. Schroder Investment Management Group raised its position in shares of Alibaba Group Holding Limited by 3.3% in the first quarter. Portland Hill Capital LLP acquired a new position in Alibaba Group Holding Limited during the fourth quarter worth about $10,874,000. As higher figure of institutional mostly indicates intentions of capital gain, which is suitable for passive investors as well stocks with a large amount of institutional ownership are often looked upon favorably. Wexford Capital LP's holdings in Alibaba Group Holding Limited were worth $14,365,000 at the end of the most recent reporting period. The stock of Time Warner Inc (NYSE:TWX) has "Outperform" rating given on Thursday, November 5 by RBC Capital Markets.