Traders Buy Alibaba Group (BABA) on Weakness

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Investors purchased shares of Alibaba Group Holding Ltd (NYSE:BABA) on weakness during trading hours on Thursday. $696.35 million flowed into the stock on the tick-up and $514.65 million flowed out of the stock on the tick-down, for a money net flow of $181.70 million into the stock. Of all stocks tracked, Alibaba Group had the 4th highest net in-flow for the day. Alibaba Group traded down ($3.51) for the day and closed at $148.99

Several research firms have recently weighed in on BABA. MED lowered their price objective on shares of Alibaba Group to $196.00 and set a “buy” rating for the company in a research note on Thursday, August 23rd. Raymond James lowered their price objective on shares of Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating for the company in a research note on Thursday, August 16th. Barclays lowered their price objective on shares of Alibaba Group from $230.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, August 27th. MKM Partners lowered their price objective on shares of Alibaba Group to $270.00 and set a “buy” rating for the company in a research note on Wednesday, September 12th. Finally, Robert W. Baird lowered their price objective on shares of Alibaba Group from $220.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. Alibaba Group presently has an average rating of “Buy” and an average target price of $216.02.

The company has a current ratio of 1.42, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The stock has a market cap of $390.58 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 1.41 and a beta of 2.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.19. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. The business had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter last year, the firm posted $1.29 EPS. Alibaba Group’s revenue was up 49.6% compared to the same quarter last year. Equities research analysts anticipate that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CENTRAL TRUST Co boosted its holdings in Alibaba Group by 19.8% during the 2nd quarter. CENTRAL TRUST Co now owns 1,815 shares of the specialty retailer’s stock worth $337,000 after acquiring an additional 300 shares during the last quarter. Bremer Trust National Association boosted its holdings in Alibaba Group by 64.5% during the 2nd quarter. Bremer Trust National Association now owns 1,883 shares of the specialty retailer’s stock worth $349,000 after acquiring an additional 738 shares during the last quarter. Confluence Investment Management LLC purchased a new position in Alibaba Group during the 2nd quarter worth $2,147,000. FormulaFolio Investments LLC boosted its holdings in Alibaba Group by 20.0% during the 2nd quarter. FormulaFolio Investments LLC now owns 4,327 shares of the specialty retailer’s stock worth $803,000 after acquiring an additional 720 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in Alibaba Group by 79.3% during the 2nd quarter. Bogart Wealth LLC now owns 1,366 shares of the specialty retailer’s stock worth $253,000 after acquiring an additional 604 shares during the last quarter. 38.76% of the stock is owned by institutional investors and hedge funds.

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About Alibaba Group (NYSE:BABA)

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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