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Monday, May 17, 2021

Alibaba Holdings (NYSE: BABA) Receives Consensus ‘Buy’ Rating

The stock of Alibaba (NYSE: BABA) recently received the average ‘buy’ recommendation from 33 analysts. 3 equities analysts assigned a rating of ‘hold’, 25 gave ‘buy’ and 1 gave ‘strong-buy’. They had a $321 average 12-month price objective from analysts last year.

On Friday the company started from $228.24 with the market cap being $617.53 billion. Their lowest in 52 weeks is $189.53 while the highest is $319.32. Their current, quick, and leverage ratio is 1.99, 1.99, and 0.12 respectively. They have a 32.75 PE ratio, 1.59 PEG ratio, and 0.99 betas. Their 50 day rolling average is $236.77 while the 200 day is $261.01.

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According to their 1st February report, they had a quarterly EPS of $22.03, topping the $2.78 consensus estimate by a massive $19.25. They had a 22.56% net margin with a 12.74% equity return. Their revenue was $221.08 billion, surpassing the $214.39 estimate.

Market Undertakings Of BABA Stock

Deutsche Bank demoted the price objective of the shares to $319 from $360 and gave a rating of ‘buy’. Macquarie decreased it to $407 from $421and reassigned a rating of ‘outperform’. Raymond James upped it to $350 from $330 and gave a rating of ‘strong-buy’. KeyCorp decreased it to $315 from $355 and gave a rating of ‘overweight’. Citigroup raised it to $345 from $316 and gave a rating of ‘buy’.

Claudia Batlle bought new holdings in BABA stock and own $25,000 worth of shares. Meeder Management upped their stake by almost 62.9%, owning shares priced at $27,000. Planned Solutions lifted their position by nearly 66.7% and own shares priced at $29,000. ForthRight Management acquired a new stake and own $31,000 worth of shares. Institutional investors and hedge funds own 40.38% BABA stock.

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Alibaba Group is known for its mobile commerce business worldwide through its subsidiaries. It not only operates through commerce but also provides entertainment services and Digital Media initiatives

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