Alibaba Group Holding Limited (BABA) Downgraded by Vetr Inc. to Hold

Vetr lowered shares of Alibaba Group Holding Limited (NYSE:BABA) from a buy rating to a hold rating in a report released on Wednesday morning. The firm currently has $148.71 target price on the specialty retailer’s stock.

Several other research firms have also commented on BABA. Deutsche Bank AG reaffirmed a buy rating and set a $151.00 price target on shares of Alibaba Group Holding Limited in a research report on Friday, June 9th. Stifel Nicolaus reaffirmed a buy rating and set a $139.00 price target on shares of Alibaba Group Holding Limited in a research report on Friday, June 9th. Goldman Sachs Group, Inc. (The) set a $179.00 price target on Alibaba Group Holding Limited and gave the stock a buy rating in a research report on Friday, June 9th. Bank of America Corporation reaffirmed a buy rating and set a $161.00 price target (up previously from $144.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, June 11th. Finally, HSBC Holdings plc reaffirmed a buy rating and set a $162.00 price target (up previously from $145.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $137.16.

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

Alibaba Group Holding Limited (NYSE:BABA) traded up 0.02% during trading on Wednesday, hitting $143.32. 9,816,386 shares of the stock traded hands. The company has a market cap of $362.60 billion, a P/E ratio of 57.42 and a beta of 2.63. The company’s 50 day moving average price is $125.85 and its 200 day moving average price is $107.74. Alibaba Group Holding Limited has a 12 month low of $73.30 and a 12 month high of $148.29.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by $0.01. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.26 billion. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. During the same period last year, the firm earned $0.47 EPS. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post $4.50 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Alibaba Group Holding Limited by 2,538.7% in the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock valued at $6,145,123,000 after buying an additional 54,829,289 shares during the last quarter. Baillie Gifford & Co. raised its position in Alibaba Group Holding Limited by 5.5% in the fourth quarter. Baillie Gifford & Co. now owns 48,695,933 shares of the specialty retailer’s stock valued at $4,275,990,000 after buying an additional 2,543,693 shares during the last quarter. Schroder Investment Management Group raised its position in Alibaba Group Holding Limited by 3.3% in the first quarter. Schroder Investment Management Group now owns 24,415,309 shares of the specialty retailer’s stock valued at $2,657,606,000 after buying an additional 776,232 shares during the last quarter. OppenheimerFunds Inc. raised its position in Alibaba Group Holding Limited by 10.4% in the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock valued at $2,332,996,000 after buying an additional 2,030,747 shares during the last quarter. Finally, State Street Corp raised its position in Alibaba Group Holding Limited by 1.8% in the first quarter. State Street Corp now owns 18,826,837 shares of the specialty retailer’s stock valued at $2,030,102,000 after buying an additional 329,969 shares during the last quarter. Hedge funds and other institutional investors own 36.73% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

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