Alibaba Group (BABA) Rating Lowered to Sell at ValuEngine

Alibaba Group (NYSE:BABA) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other research analysts have also weighed in on the company. MKM Partners dropped their price target on Alibaba Group to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, September 12th. Zacks Investment Research raised Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 8th. HSBC started coverage on Alibaba Group in a research report on Wednesday, September 12th. They set a “buy” rating on the stock. Goldman Sachs Group upped their price target on Alibaba Group from $241.00 to $247.00 and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Finally, CLSA set a $240.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Monday, September 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-six have issued a buy rating and three have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $221.76.

Shares of Alibaba Group stock opened at $142.28 on Tuesday. The firm has a market cap of $349.16 billion, a PE ratio of 35.31, a P/E/G ratio of 1.06 and a beta of 2.41. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. Alibaba Group has a 12-month low of $130.06 and a 12-month high of $211.70.



Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). The business had revenue of $12.23 billion for the quarter, compared to analyst estimates of $12.25 billion. Alibaba Group had a net margin of 20.57% and a return on equity of 14.18%. Equities research analysts predict that Alibaba Group will post 3.72 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Alibaba Group by 3.4% during the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock valued at $11,708,501,000 after purchasing an additional 2,077,793 shares during the period. Schroder Investment Management Group boosted its stake in Alibaba Group by 1.5% during the 2nd quarter. Schroder Investment Management Group now owns 22,559,519 shares of the specialty retailer’s stock valued at $4,249,763,000 after purchasing an additional 328,861 shares during the period. Morgan Stanley boosted its stake in Alibaba Group by 8.4% during the 2nd quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock valued at $2,963,007,000 after purchasing an additional 1,235,562 shares during the period. OppenheimerFunds Inc. boosted its stake in Alibaba Group by 8.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock valued at $2,927,474,000 after purchasing an additional 1,182,927 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP boosted its stake in Alibaba Group by 0.6% during the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 12,970,558 shares of the specialty retailer’s stock valued at $2,413,173,000 after purchasing an additional 80,000 shares during the period. Institutional investors own 38.77% of the company’s stock.

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.

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