Alibaba Group Holding Ltd. (NYSE:BABA) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 111,652,854 shares, a decrease of 6.0% from the October 14th total of 118,757,122 shares. Currently, 4.5% of the shares of the stock are short sold. Based on an average daily volume of 9,649,959 shares, the short-interest ratio is currently 11.6 days.

A number of research analysts have recently commented on BABA shares. Evercore ISI reiterated a “buy” rating and issued a $98.00 price target on shares of Alibaba Group Holding in a research note on Tuesday, July 26th. Jefferies Group increased their price target on Alibaba Group Holding from $86.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. T.H. Capital increased their price target on Alibaba Group Holding from $84.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Cantor Fitzgerald reiterated a “buy” rating and issued a $95.00 price target on shares of Alibaba Group Holding in a research note on Monday, August 8th. Finally, Citigroup Inc. increased their price target on Alibaba Group Holding to $104.00 and gave the company a “buy” rating in a research note on Sunday, August 7th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $117.01.

Alibaba Group Holding (NYSE:BABA) opened at 94.07 on Friday. The stock has a market capitalization of $233.11 billion, a price-to-earnings ratio of 49.46 and a beta of 2.93. Alibaba Group Holding has a 1-year low of $59.25 and a 1-year high of $109.87. The company has a 50-day moving average of $101.24 and a 200-day moving average of $90.23.

Alibaba Group Holding (NYSE:BABA) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.03 billion. Alibaba Group Holding had a net margin of 26.44% and a return on equity of 13.23%. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Analysts anticipate that Alibaba Group Holding will post $3.27 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of Alibaba Group Holding by 102.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 31,179,716 shares of the company’s stock worth $3,298,502,000 after buying an additional 15,751,926 shares during the last quarter. Primavera Capital Management Ltd acquired a new stake in shares of Alibaba Group Holding during the third quarter worth about $902,372,000. Temasek Holdings Private Ltd increased its stake in shares of Alibaba Group Holding by 13.7% in the second quarter. Temasek Holdings Private Ltd now owns 54,076,397 shares of the company’s stock worth $4,300,696,000 after buying an additional 6,526,596 shares during the last quarter. State Street Corp increased its stake in shares of Alibaba Group Holding by 63.9% in the second quarter. State Street Corp now owns 16,141,308 shares of the company’s stock worth $1,283,715,000 after buying an additional 6,292,030 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Alibaba Group Holding by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the company’s stock worth $2,382,071,000 after buying an additional 5,496,854 shares during the last quarter. Institutional investors own 31.91% of the company’s stock.

About Alibaba Group Holding

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

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