Alibaba Group Holding Ltd (NYSE:BABA)‘s stock had its “positive” rating reiterated by equities research analysts at Robert W. Baird in a report released on Thursday, AnalystRatingsNetwork.com reports. They currently have a $94.00 target price on the stock. Robert W. Baird’s price target indicates a potential upside of 40.24% from the company’s previous close.

Several institutional investors have made changes to their positions in BABA. Investment House LLC increased its position in shares of Alibaba Group Holding by 36.9% in the fourth quarter. Investment House LLC now owns 108,538 shares of the company’s stock worth $8,821,000 after buying an additional 29,275 shares in the last quarter. Nippon Life Insurance Co. purchased a new position in Alibaba Group Holding during the fourth quarter worth about $551,000. Savant Capital LLC purchased a new position in Alibaba Group Holding during the fourth quarter worth about $262,000. Beacon Trust Co. increased its position in Alibaba Group Holding by 6.6% in the fourth quarter. Beacon Trust Co. now owns 33,929 shares of the company’s stock worth $2,757,000 after buying an additional 2,094 shares during the period. Finally, BKS Advisors LLC increased its position in Alibaba Group Holding by 352.8% in the fourth quarter. BKS Advisors LLC now owns 26,760 shares of the company’s stock worth $2,175,000 after buying an additional 20,850 shares during the period.

Alibaba Group Holding (NYSE:BABA) traded down 1.91% during trading on Thursday, hitting $65.75. 10,234,603 shares of the company traded hands. Alibaba Group Holding has a 12-month low of $57.20 and a 12-month high of $95.06. The company’s market capitalization is $160.82 billion. The stock has a 50 day moving average price of $75.74 and a 200 day moving average price of $74.52.

Other analysts also recently issued research reports about the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $90.00 price target on shares of Alibaba Group Holding in a research report on Sunday, January 24th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Alibaba Group Holding in a report on Friday, November 13th. RBC Capital reaffirmed a “buy” rating and set a $95.00 price objective on shares of Alibaba Group Holding in a report on Monday, December 14th. Macquarie reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Alibaba Group Holding in a report on Tuesday, January 26th. Finally, Axiom Securities reaffirmed a “buy” rating and set a $92.00 price objective (up from $85.00) on shares of Alibaba Group Holding in a report on Tuesday, October 27th. Four research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the stock. Alibaba Group Holding presently has a consensus rating of “Buy” and an average price target of $93.92.

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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