Goldman Sachs Group Inc reiterated their conviction-buy rating on shares of Alibaba Group Holding Ltd (NYSE:BABA) in a research report sent to investors on Friday. They currently have a $135.00 price objective on the stock.

Several other equities analysts have also weighed in on BABA. Evercore ISI reissued a buy rating on shares of Alibaba Group Holding in a research report on Friday, December 23rd. Macquarie reissued an outperform rating and issued a $120.00 price objective on shares of Alibaba Group Holding in a research report on Tuesday, January 24th. Brean Capital reissued a buy rating and issued a $120.00 price objective (up from $115.00) on shares of Alibaba Group Holding in a research report on Tuesday, January 24th. Sanford C. Bernstein reissued an outperform rating and issued a $117.00 price objective on shares of Alibaba Group Holding in a research report on Tuesday, January 24th. Finally, Vetr raised shares of Alibaba Group Holding from a buy rating to a strong-buy rating and set a $106.95 price objective on the stock in a research report on Monday, January 9th. Two investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and four have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $122.94.

Shares of Alibaba Group Holding (NYSE:BABA) traded up 1.79% during mid-day trading on Friday, hitting $107.50. 8,843,793 shares of the stock traded hands. The company’s 50 day moving average is $102.68 and its 200 day moving average is $99.06. The firm has a market capitalization of $267.14 billion, a P/E ratio of 49.63 and a beta of 2.73. Alibaba Group Holding has a one year low of $73.30 and a one year high of $109.87.

Alibaba Group Holding (NYSE:BABA) last issued its quarterly earnings data on Tuesday, January 24th. The company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.17. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.32 billion. Alibaba Group Holding had a net margin of 26.56% and a return on equity of 14.88%. During the same period in the prior year, the firm earned $0.99 earnings per share. On average, equities analysts expect that Alibaba Group Holding will post $3.48 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in shares of Alibaba Group Holding by 5.5% in the fourth quarter. Baillie Gifford & Co. now owns 48,695,933 shares of the company’s stock worth $4,275,990,000 after buying an additional 2,543,693 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Alibaba Group Holding by 7.3% in the third quarter. Capital Research Global Investors now owns 38,759,360 shares of the company’s stock worth $4,100,353,000 after buying an additional 2,637,869 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Alibaba Group Holding by 102.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 31,179,716 shares of the company’s stock worth $3,298,502,000 after buying an additional 15,751,926 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Alibaba Group Holding by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the company’s stock worth $2,382,071,000 after buying an additional 5,496,854 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Alibaba Group Holding by 13.2% in the third quarter. Schroder Investment Management Group now owns 22,140,881 shares of the company’s stock worth $2,342,284,000 after buying an additional 2,590,397 shares during the last quarter. Hedge funds and other institutional investors own 35.17% of the company’s stock.

About Alibaba Group Holding

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

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