Alibaba Group Holding Limited’s (BABA) Buy Rating Reaffirmed at SunTrust Banks, Inc. – StockNewsTimes


Alibaba Group Holding Limited (NYSE:BABA)‘s stock had its “buy” rating reiterated by SunTrust Banks, Inc. in a research note issued to investors on Friday, October 20th. They presently have a $205.00 target price on the specialty retailer’s stock. SunTrust Banks, Inc.’s price target points to a potential upside of 16.38% from the stock’s current price.

A number of other research firms have also weighed in on BABA. BidaskClub raised shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 12th. HSBC Holdings plc reissued a “buy” rating and issued a $204.00 target price (up from $184.00) on shares of Alibaba Group Holding Limited in a research note on Tuesday, October 10th. Bank of America Corporation reissued a “buy” rating and issued a $200.00 target price on shares of Alibaba Group Holding Limited in a research note on Monday, October 16th. Zacks Investment Research lowered shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Raymond James Financial, Inc. reaffirmed a “strong-buy” rating on shares of Alibaba Group Holding Limited in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $181.43.

Alibaba Group Holding Limited (NYSE:BABA) traded up 3.42% during midday trading on Friday, hitting $176.15. The company had a trading volume of 19,712,550 shares. The company has a 50 day moving average price of $176.29 and a 200 day moving average price of $149.23. The firm has a market capitalization of $451.15 billion, a P/E ratio of 71.32 and a beta of 2.60. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $184.70.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the company posted $0.74 EPS. Equities research analysts forecast that Alibaba Group Holding Limited will post $4.91 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Alibaba Group Holding Limited’s (BABA) Buy Rating Reaffirmed at SunTrust Banks, Inc.” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://stocknewstimes.com/2017/10/29/alibaba-group-holding-limited-baba-given-buy-rating-at-suntrust-banks-inc.html.

Large investors have recently made changes to their positions in the company. AJO LP raised its holdings in shares of Alibaba Group Holding Limited by 55.5% in the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock valued at $18,673,000 after buying an additional 47,324 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Alibaba Group Holding Limited by 18.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock valued at $14,914,000 after buying an additional 16,528 shares during the last quarter. Good Life Advisors LLC purchased a new stake in shares of Alibaba Group Holding Limited in the second quarter valued at about $218,000. Sylebra HK Co Ltd raised its holdings in shares of Alibaba Group Holding Limited by 0.5% in the first quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock valued at $37,490,000 after buying an additional 1,631 shares during the last quarter. Finally, Mirador Capital Partners LP purchased a new stake in shares of Alibaba Group Holding Limited in the second quarter valued at about $220,000. 37.34% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Holding Limited Company Profile

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)




Receive News & Ratings for Alibaba Group Holding Limited Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.