Investors Buy Alibaba Group (BABA) on Weakness

Investors bought shares of Alibaba Group Holding Limited (NYSE:BABA) on weakness during trading hours on Thursday. $1,452.13 million flowed into the stock on the tick-up and $1,339.53 million flowed out of the stock on the tick-down, for a money net flow of $112.60 million into the stock. Of all equities tracked, Alibaba Group had the 3rd highest net in-flow for the day. Alibaba Group traded down ($4.72) for the day and closed at $171.75

BABA has been the topic of several research analyst reports. Vetr raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $190.25 price target on the stock in a report on Wednesday, September 6th. SunTrust Banks reissued a “buy” rating and issued a $205.00 price target on shares of Alibaba Group in a report on Friday, October 20th. Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a report on Wednesday, November 8th. Needham & Company LLC increased their price target on shares of Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, BidaskClub raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group has an average rating of “Buy” and a consensus price target of $185.14.

The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $439,880.00, a PE ratio of 50.77, a price-to-earnings-growth ratio of 1.32 and a beta of 2.52.

A number of institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its holdings in shares of Alibaba Group by 20.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 17,898 shares of the specialty retailer’s stock worth $1,930,000 after purchasing an additional 3,027 shares during the period. Trexquant Investment LP acquired a new position in shares of Alibaba Group during the second quarter worth $254,000. First Trust Advisors LP lifted its holdings in shares of Alibaba Group by 17.4% during the second quarter. First Trust Advisors LP now owns 169,256 shares of the specialty retailer’s stock worth $23,848,000 after purchasing an additional 25,091 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of Alibaba Group by 64.9% during the second quarter. Wedbush Securities Inc. now owns 3,181 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 1,252 shares during the period. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of Alibaba Group during the second quarter worth $435,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

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Alibaba Group 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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