Investors purchased shares of Alibaba Group Holding Limited (NYSE:BABA) on weakness during trading hours on Wednesday. $753.68 million flowed into the stock on the tick-up and $707.01 million flowed out of the stock on the tick-down, for a money net flow of $46.67 million into the stock. Of all companies tracked, Alibaba Group Holding Limited had the 8th highest net in-flow for the day. Alibaba Group Holding Limited traded down ($0.31) for the day and closed at $181.48

Several research firms have weighed in on BABA. Needham & Company LLC increased their price target on shares of Alibaba Group Holding Limited from $155.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 18th. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 price target on the stock. in a report on Wednesday, August 16th. Royal Bank Of Canada increased their price target on shares of Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Bank of America Corporation increased their price target on shares of Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a report on Friday, August 18th. Finally, KeyCorp set a $182.00 price target on shares of Alibaba Group Holding Limited and gave the company an “overweight” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group Holding Limited has a consensus rating of “Buy” and a consensus price target of $184.45.

The stock has a market cap of $464,800.00, a price-to-earnings ratio of 53.65, a price-to-earnings-growth ratio of 1.39 and a beta of 2.60. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. During the same period in the previous year, the company earned $0.74 earnings per share. equities research analysts forecast that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BABA. First Eagle Investment Management LLC purchased a new stake in shares of Alibaba Group Holding Limited during the 3rd quarter valued at approximately $104,000. Shine Investment Advisory Services Inc. purchased a new stake in shares of Alibaba Group Holding Limited during the 2nd quarter valued at approximately $102,000. Lee Financial Co lifted its stake in shares of Alibaba Group Holding Limited by 45.5% during the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares in the last quarter. Winch Advisory Services LLC lifted its stake in shares of Alibaba Group Holding Limited by 147.4% during the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Alibaba Group Holding Limited during the 2nd quarter valued at approximately $116,000. Hedge funds and other institutional investors own 37.47% of the company’s stock.

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About Alibaba Group Holding Limited

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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