Alibaba Group Holding Restricted’s (BABA) Purchase Score Reaffirmed at SunTrust Banks, Inc.

Alibaba Group Holding Limited logoAlibaba Group Holding Restricted (NYSE:BABA)‘s inventory had its “purchase” score reiterated by SunTrust Banks, Inc. in a badysis observe issued to traders on Friday, October 20th. They presently have a $205.00 goal worth on the specialty retailer’s inventory. SunTrust Banks, Inc.’s worth goal factors to a possible upside of 16.38% from the inventory’s present worth.

Various different badysis companies have additionally weighed in on BABA. BidaskClub raised shares of Alibaba Group Holding Restricted from a “purchase” score to a “strong-buy” score in a badysis observe on Thursday, October 12th. HSBC Holdings plc reissued a “purchase” score and issued a $204.00 goal worth (up from $184.00) on shares of Alibaba Group Holding Restricted in a badysis observe on Tuesday, October 10th. Financial institution of America Company reissued a “purchase” score and issued a $200.00 goal worth on shares of Alibaba Group Holding Restricted in a badysis observe on Monday, October 16th. Zacks Funding Analysis lowered shares of Alibaba Group Holding Restricted from a “purchase” score to a “maintain” score in a badysis observe on Tuesday, October 17th. Lastly, Raymond James Monetary, Inc. reaffirmed a “strong-buy” score on shares of Alibaba Group Holding Restricted in a badysis report on Thursday, October fifth. One funding badyst has rated the inventory with a promote score, two have issued a maintain score, thirty-one have issued a purchase score and two have badigned a powerful purchase score to the corporate’s inventory. The corporate presently has a mean score of “Purchase” and a mean goal worth of $181.43.

Alibaba Group Holding Restricted (NYSE:BABA) traded up three.42% throughout noon buying and selling on Friday, hitting $176.15. The corporate had a buying and selling quantity of 19,712,550 shares. The corporate has a 50 day transferring common worth of $176.29 and a 200 day transferring common worth of $149.23. The agency has a market capitalization of $451.15 billion, a P/E ratio of 71.32 and a beta of two.60. Alibaba Group Holding Restricted has a 1-year low of $86.01 and a 1-year excessive of $184.70.

Alibaba Group Holding Restricted (NYSE:BABA) final launched its earnings outcomes on Thursday, August 17th. The specialty retailer reported $zero.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $zero.73 by $zero.21. Alibaba Group Holding Restricted had a internet margin of 28.77% and a return on fairness of 16.85%. The enterprise had income of $7.40 billion for the quarter, in comparison with badyst estimates of $7.16 billion. Throughout the identical interval final yr, the corporate posted $zero.74 EPS. Equities badysis badysts forecast that Alibaba Group Holding Restricted will publish $four.91 earnings per share for the present fiscal yr.

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Giant traders have not too long ago made modifications to their positions within the firm. AJO LP raised its holdings in shares of Alibaba Group Holding Restricted by 55.5% within the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s inventory valued at $18,673,000 after shopping for an extra 47,324 shares over the last quarter. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS raised its holdings in shares of Alibaba Group Holding Restricted by 18.5% within the second quarter. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s inventory valued at $14,914,000 after shopping for an extra 16,528 shares over the last quarter. Good Life Advisors LLC bought a brand new stake in shares of Alibaba Group Holding Restricted within the second quarter valued at about $218,000. Sylebra HK Co Ltd raised its holdings in shares of Alibaba Group Holding Restricted by zero.5% within the first quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s inventory valued at $37,490,000 after shopping for an extra 1,631 shares over the last quarter. Lastly, Mirador Capital Companions LP bought a brand new stake in shares of Alibaba Group Holding Restricted within the second quarter valued at about $220,000. 37.34% of the inventory is owned by institutional traders and hedge funds.

Alibaba Group Holding Restricted Firm Profile

Alibaba Group Holding Restricted is a holding firm. By its subsidiaries, the Firm is engaged in on-line and cell commerce by way of providing of merchandise, providers and know-how that allow retailers, manufacturers and different companies to remodel the best way they market, promote and function within the Folks’s Republic of China (China) and internationally.

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




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