Barclays Initiates Coverage On Alibaba Group Holding Ltd to Overweight with Price Target $130

Barclays Initiates Coverage On Alibaba Group Holding Ltd(BABA). In a research note issued to the investors, the brokerage major Announces the price-target to $130 per share. The shares have been rated Overweight. The rating by the stock financial advisor at Barclays was issued on Mar 28, 2017 in a research report to their Investors and Clients.

In a different note, Bernstein said it Initiates Coverage On Alibaba Group Holding Ltd, according to a research note issued on Jan 11, 2017. In the research note, the firm Announces the price-target to $117 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 9, 2017, Standpoint Research said it Upgrades its rating on Alibaba Group Holding Ltd. The shares have been rated ‘Accumulate’ by the firm.

Alibaba Group Holding Ltd (BABA) shares turned negative on Fridays trading session with the shares closing down -0.21 points or -0.19% at a volume of 75,78,379. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $109.13. The peak price level was also seen at $109.13 while the days lowest was $107.23. Finally the shares closed at $108.04. The 52-week high of the shares is $109.87 while the 52-week low is $73.3. According to the latest information available, the market cap of the company is $270,100 M.

Alibaba Group Holding Ltd(BABA) last announced its earnings results on Aug 11, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $4.84B. Analysts had an estimated revenue of $4.51B. Earnings per share were $0.74. Analysts had estimated an EPS of $0.62.

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 (Taobao Marketplace); 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).

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