Traders purchased shares of Alibaba Group Holding Ltd (NYSE:BABA) on weakness during trading on Monday. $947.59 million flowed into the stock on the tick-up and $840.41 million flowed out of the stock on the tick-down, for a money net flow of $107.18 million into the stock. Of all equities tracked, Alibaba Group had the 4th highest net in-flow for the day. Alibaba Group traded down ($5.75) for the day and closed at $194.53
A number of research analysts have recently commented on BABA shares. Zacks Investment Research cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, November 24th. Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 price target for the company in a research note on Wednesday, November 29th. Susquehanna Bancshares started coverage on Alibaba Group in a research note on Wednesday, December 6th. They issued a “positive” rating and a $220.00 price target for the company. Stifel Nicolaus reiterated a “buy” rating on shares of Alibaba Group in a research note on Wednesday, December 13th. Finally, MKM Partners reiterated a “buy” rating on shares of Alibaba Group in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $211.22.
The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $498,221.28, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 1.56 and a beta of 2.57.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. The business had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. sell-side analysts anticipate that Alibaba Group Holding Ltd will post 4.08 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of BABA. MUFG Americas Holdings Corp bought a new position in shares of Alibaba Group during the 4th quarter worth about $101,000. Avestar Capital LLC bought a new position in shares of Alibaba Group during the 4th quarter worth about $102,000. Lenox Wealth Advisors Inc. boosted its position in shares of Alibaba Group by 2,636.4% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 580 shares in the last quarter. Trustcore Financial Services LLC bought a new position in shares of Alibaba Group during the 4th quarter worth about $107,000. Finally, Lorber David A bought a new position in shares of Alibaba Group during the 3rd quarter worth about $109,000. Hedge funds and other institutional investors own 37.72% of the company’s stock.
About Alibaba Group
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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