Alibaba Group Holding Ltd (NYSE:BABA) had its price objective hosited by Morgan Stanley from $101.00 to $115.00 in a report published on Monday, AnalystRatingsNetwork.com reports. They currently have an overweight rating on the stock.

Several other research analysts have also commented on BABA. Standpoint Research restated a buy rating on shares of Alibaba Group Holding in a report on Tuesday, September 29th. Nomura restated a buy rating on shares of Alibaba Group Holding in a report on Tuesday, September 29th. Cantor Fitzgerald restated a buy rating and issued a $88.00 price objective on shares of Alibaba Group Holding in a report on Friday, October 2nd. Vetr lowered shares of Alibaba Group Holding from a strong-buy rating to a buy rating and set a $71.14 price objective for the company. in a report on Tuesday, October 6th. Finally, RBC Capital restated a buy rating and issued a $80.00 price objective on shares of Alibaba Group Holding in a report on Monday, October 12th. Five analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $94.89.

Alibaba Group Holding (NYSE:BABA) traded up 0.3011% on Monday, reaching $69.9299. 6,201,371 shares of the company traded hands. The company’s market capitalization is $172.10 billion. Alibaba Group Holding has a one year low of $57.20 and a one year high of $103.57. The stock’s 50 day moving average price is $78.05 and its 200 day moving average price is $75.00.

Alibaba Group Holding (NYSE:BABA) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.25. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $21.36 billion. During the same period in the previous year, the company earned $0.45 EPS. The company’s quarterly revenue was up 32.0% on a year-over-year basis. On average, equities research analysts predict that Alibaba Group Holding will post $17.34 EPS for the current fiscal year.

Other hedge funds recently modified their holdings of the company. DekaBank Deutsche Girozentrale raised its stake in shares of Alibaba Group Holding by 79.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 110,950 shares of the company’s stock worth $9,198,000 after buying an additional 49,100 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Alibaba Group Holding by 29.4% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 111,443 shares of the company’s stock worth $9,057,000 after buying an additional 25,295 shares during the period. Rothschild Investment Corp IL raised its stake in Alibaba Group Holding by 7.1% in the fourth quarter. Rothschild Investment Corp IL now owns 10,010 shares of the company’s stock worth $814,000 after buying an additional 665 shares during the period. vontobel swiss wealth advisors AG acquired a new stake in Alibaba Group Holding during the fourth quarter worth $325,000. Finally, Curian Capital LLC acquired a new stake in Alibaba Group Holding during the fourth quarter worth $1,856,000.

Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (NYSE:BABA); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).

12 Month Chart for NYSE:BABA

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