Traders Buy Alibaba Group (BABA) on Weakness

Traders bought shares of Alibaba Group Holding Ltd (NYSE:BABA) on weakness during trading on Tuesday. $579.96 million flowed into the stock on the tick-up and $492.64 million flowed out of the stock on the tick-down, for a money net flow of $87.32 million into the stock. Of all stocks tracked, Alibaba Group had the 5th highest net in-flow for the day. Alibaba Group traded down ($3.96) for the day and closed at $172.33

BABA has been the subject of a number of recent research reports. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, November 24th. Oppenheimer reaffirmed a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Alibaba Group in a research note on Monday, November 6th. Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 price target for the company in a research note on Wednesday, November 29th. BidaskClub raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Needham & Company LLC raised their price target on Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. Alibaba Group currently has an average rating of “Buy” and an average target price of $185.14.

The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The stock has a market cap of $443,000.00, a PE ratio of 48.18, a P/E/G ratio of 1.33 and a beta of 2.52.

Several large investors have recently made changes to their positions in BABA. Condor Capital Management boosted its stake in Alibaba Group by 0.5% in the 2nd quarter. Condor Capital Management now owns 14,606 shares of the specialty retailer’s stock valued at $2,058,000 after buying an additional 70 shares in the last quarter. Sandy Spring Bank boosted its stake in Alibaba Group by 1.4% in the 2nd quarter. Sandy Spring Bank now owns 5,629 shares of the specialty retailer’s stock valued at $793,000 after buying an additional 75 shares in the last quarter. Financial Partners Capital Management LLC boosted its stake in Alibaba Group by 2.2% in the 2nd quarter. Financial Partners Capital Management LLC now owns 4,715 shares of the specialty retailer’s stock valued at $664,000 after buying an additional 100 shares in the last quarter. Carret Asset Management LLC raised its position in Alibaba Group by 2.1% in the 2nd quarter. Carret Asset Management LLC now owns 7,244 shares of the specialty retailer’s stock valued at $1,021,000 after purchasing an additional 150 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Alibaba Group by 22.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 179 shares during the last quarter. 37.94% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Traders Buy Alibaba Group (BABA) on Weakness” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.com-unik.info/2017/12/28/traders-buy-alibaba-group-baba-on-weakness-2.html.

About Alibaba Group

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.

What are top analysts saying about Alibaba Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alibaba Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit