Evercore ISI reissued their buy rating on shares of Alibaba Group Holding Ltd (NYSE:BABA) in a report published on Friday morning, Analyst Ratings.Net reports. They currently have a $88.00 target price on the stock, down from their prior target price of $94.00.

A number of other research firms have also recently commented on BABA. MKM Partners reissued a buy rating on shares of Alibaba Group Holding in a research note on Friday, November 6th. Oppenheimer reaffirmed an outperform rating and issued a $112.00 price objective (down previously from $133.00) on shares of Alibaba Group Holding in a research note on Thursday, December 3rd. Deutsche Bank upped their price objective on shares of Alibaba Group Holding from $98.00 to $99.00 and gave the company a buy rating in a research note on Monday, December 7th. Vetr cut shares of Alibaba Group Holding from a buy rating to a hold rating and set a $87.21 price objective for the company. in a research note on Tuesday, December 22nd. Finally, Zacks Investment Research raised shares of Alibaba Group Holding from a hold rating to a buy rating and set a $94.00 price objective for the company in a research note on Monday, November 2nd. 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. Alibaba Group Holding has a consensus rating of Buy and an average target price of $94.89.

Alibaba Group Holding (NYSE:BABA) traded up 0.8373% during midday trading on Friday, reaching $70.3542. 4,544,738 shares of the company’s stock traded hands. The company’s 50-day moving average price is $77.60 and its 200-day moving average price is $74.92. The stock’s market cap is $173.14 billion. Alibaba Group Holding has a 52-week low of $57.20 and a 52-week high of $101.49.

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

Other large investors have recently added to or reduced their stakes in the company. Verde Servico Internacionais purchased a new stake in Alibaba Group Holding during the fourth quarter worth approximately $24,446,000. Daiwa SB Investments boosted its stake in Alibaba Group Holding by 703.2% in the fourth quarter. Daiwa SB Investments now owns 37,350 shares of the company’s stock worth $3,035,000 after buying an additional 32,700 shares during the last quarter. Cortland Associates boosted its stake in Alibaba Group Holding by 1.9% in the fourth quarter. Cortland Associates now owns 321,680 shares of the company’s stock worth $26,143,000 after buying an additional 6,150 shares during the last quarter. Reynolds Capital Management purchased a new stake in Alibaba Group Holding during the fourth quarter worth approximately $545,000. Finally, Vontobel Asset Management boosted its stake in Alibaba Group Holding by 111.5% in the fourth quarter. Vontobel Asset Management now owns 7,178,120 shares of the company’s stock worth $591,805,000 after buying an additional 3,784,821 shares during the last quarter.

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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