Traders Buy Shares of Alibaba Group (BABA) on Weakness

Investors purchased shares of Alibaba Group Holding Ltd (NYSE:BABA) on weakness during trading hours on Wednesday. $694.05 million flowed into the stock on the tick-up and $616.61 million flowed out of the stock on the tick-down, for a money net flow of $77.44 million into the stock. Of all companies tracked, Alibaba Group had the 10th highest net in-flow for the day. Alibaba Group traded down ($5.13) for the day and closed at $187.42

Several research analysts have recently commented on BABA shares. Deutsche Bank set a $218.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research note on Wednesday, March 14th. Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $199.00 price objective for the company in a research note on Wednesday, April 4th. Barclays set a $220.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research note on Thursday, April 5th. KeyCorp lowered their price objective on shares of Alibaba Group from $228.00 to $219.00 and set an “overweight” rating for the company in a research note on Tuesday, April 10th. Finally, ValuEngine raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $231.18.

The company has a current ratio of 1.89, a quick ratio of 1.97 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $493.66 billion, a price-to-earnings ratio of 46.72, a P/E/G ratio of 1.14 and a beta of 2.55.



Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.11). Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. The company had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.36 billion. During the same period in the previous year, the business posted $0.63 EPS. research analysts anticipate that Alibaba Group Holding Ltd will post 5.15 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in BABA. Avestar Capital LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at $102,000. Riverhead Capital Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at $110,000. Wagner Wealth Management LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at $123,000. Clarus Wealth Advisors acquired a new position in shares of Alibaba Group in the 2nd quarter valued at $125,000. Finally, Jacobi Capital Management LLC increased its holdings in shares of Alibaba Group by 480.0% in the 1st quarter. Jacobi Capital Management LLC now owns 725 shares of the specialty retailer’s stock valued at $129,000 after acquiring an additional 600 shares during the period. 37.88% of the stock is currently owned by institutional investors.

Alibaba Group Company Profile

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.

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply