Alibaba pledged to buy back as much as $4 billion of stock over the next two years, announced the company earlier August, as it moves to offset dilutions from compensation programs and restore investors’ confidence.

A number of other research analysts have also recently issued reports on the company.

If we break down the analyst ratings into a simplified scale, Willis Group Holdings Limited (NYSE:WSH) has a Buy-Sell rating of 2.19. Brokerage firm Goldman Sachs upgrades its rating on Willis Group Holdings Limited (NYSE:WSH). The global stock market selloff is dealing a blow to Alibaba shares just as the company is already grappling with other business challenges in China.

Shares of Alibaba Group Holding (NYSE:BABA) opened at 65.80 on Friday. The stock has a 52-week low of $58 and a market capitalization of roughly $170 billion.

Alibaba Group Holding Ltd using SYMBOL/TICKER code NYSE:BABA has had its stock rating noted as “Reitereated” with the recommendation being set at “BUY” today by analysts at Standpoint Research. The firm’s 50-day moving average price is $78.47 and its 200 day moving average price is $83.64. Pacific Crest dropped their price target on Alibaba Group Holding from $104.00 to $94.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Since then, the company’s market value has plunged more than $120 billion as investors exited the stock on news of a weakening Chinese economy, increased competition from rival JD.com and government reports that Alibaba wasn’t doing enough to fight sales of counterfeit goods on its site. In the most recent quarter the company reported earnings of $0.57 that ended on 2015-06-30. As per the latest information, the brokerage house raises the price target to $49 per share from a prior target of $45. There are now 2,652,071,678 shares in issue with the average daily volume traded being 12,979,789. The Company is mainly engaged through products, services and technology in online and mobile commerce. The Company operates Taobao Marketplace, Chinas online shopping destination, Tmall, Chinas third-party platform for brands and retailers and Juhuasuan, Chinas group buying marketplace.