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.
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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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