Investors Sell Alibaba Group Holding Limited (BABA) on Strength (BABA)
Investors sold shares of Alibaba Group Holding Limited (NYSE:BABA) on strength during trading hours on Thursday. $708.57 million flowed into the stock on the tick-up and $786.49 million flowed out of the stock on the tick-down, for a money net flow of $77.92 million out of the stock. Of all companies tracked, Alibaba Group Holding Limited had the 7th highest net out-flow for the day. Alibaba Group Holding Limited traded up $3.95 for the day and closed at $185.43
Several analysts have issued reports on BABA shares. Vetr raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $190.25 target price for the company in a research note on Wednesday, September 6th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $205.00 target price on shares of Alibaba Group Holding Limited in a research note on Friday, October 20th. Barclays PLC upped their target price on Alibaba Group Holding Limited to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. BidaskClub raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank AG dropped their price objective on Alibaba Group Holding Limited to $199.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $184.45.
The company has a market cap of $474,910.00, a PE ratio of 52.85, a PEG ratio of 1.37 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 announced its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) 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 return on equity of 17.89% and a net margin of 30.87%. During the same period last year, the firm posted $0.74 earnings per share. analysts forecast that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new position in shares of Alibaba Group Holding Limited in the second quarter worth about $102,000. First Eagle Investment Management LLC bought a new stake in Alibaba Group Holding Limited during the 3rd quarter valued at approximately $104,000. Lorber David A bought a new stake in Alibaba Group Holding Limited during the 3rd quarter valued at approximately $109,000. Lee Financial Co raised its stake in 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 purchasing an additional 250 shares during the period. Finally, Winch Advisory Services LLC raised its stake in 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 purchasing an additional 482 shares during the period. 37.47% of the stock is currently owned by hedge funds and other institutional investors.
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Alibaba Group Holding Limited Company Profile
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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