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.
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.
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