Investors Buy Alibaba Group (BABA) on Weakness

Investors purchased shares of Alibaba Group Holding Ltd (NYSE:BABA) on weakness during trading 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 equities 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 brokerages have recently weighed in on BABA. Barclays set a $195.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Sunday, November 4th. Morgan Stanley set a $196.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Monday, November 5th. SunTrust Banks decreased their price target on Alibaba Group from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Benchmark decreased their price target on Alibaba Group from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. Finally, UBS Group decreased their price target on Alibaba Group from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $216.02.

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.42 and a quick ratio of 1.44. The firm has a market capitalization of $390.58 billion, a P/E ratio of 35.94, a PEG ratio of 1.41 and a beta of 2.35.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.19. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The company had revenue of $12.40 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. Alibaba Group’s revenue was up 49.6% on a year-over-year basis. On average, analysts anticipate that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Duncker Streett & Co. Inc. boosted its stake in Alibaba Group by 195.1% in the second quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock worth $112,000 after buying an additional 400 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in Alibaba Group in the second quarter worth approximately $116,000. AlphaMark Advisors LLC boosted its stake in Alibaba Group by 468.8% in the third quarter. AlphaMark Advisors LLC now owns 910 shares of the specialty retailer’s stock worth $150,000 after buying an additional 750 shares in the last quarter. Avestar Capital LLC boosted its stake in Alibaba Group by 55.2% in the third quarter. Avestar Capital LLC now owns 1,082 shares of the specialty retailer’s stock worth $154,000 after buying an additional 385 shares in the last quarter. Finally, Columbia Asset Management purchased a new stake in Alibaba Group in the third quarter worth approximately $160,000. 38.76% of the stock is owned by institutional investors.

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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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