Investors Buy Alibaba Group (BABA) on Weakness

Traders purchased shares of Alibaba Group Holding Limited (NYSE:BABA) on weakness during trading hours on Monday. $1,600.40 million flowed into the stock on the tick-up and $1,438.94 million flowed out of the stock on the tick-down, for a money net flow of $161.46 million into the stock. Of all stocks tracked, Alibaba Group had the 5th highest net in-flow for the day. Alibaba Group traded down ($5.03) for the day and closed at $169.58

BABA has been the subject of several recent analyst reports. Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a research report on Monday. Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 target price for the company in a report on Wednesday, November 29th. Oppenheimer reaffirmed a “buy” rating and issued a $220.00 target price (up previously from $200.00) on shares of Alibaba Group in a report on Monday, November 6th. SunTrust Banks reaffirmed a “buy” rating and issued a $210.00 target price on shares of Alibaba Group in a report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “buy” rating on shares of Alibaba Group in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $184.15.

The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. The company has a market capitalization of $434,320.00, a price-to-earnings ratio of 50.76, a price-to-earnings-growth ratio of 1.32 and a beta of 2.52.

Several institutional investors and hedge funds have recently modified their holdings of BABA. Shine Investment Advisory Services Inc. purchased a new stake in Alibaba Group in the second quarter worth $102,000. First Eagle Investment Management LLC purchased a new position in shares of Alibaba Group in the third quarter valued at $104,000. Lorber David A purchased a new position in shares of Alibaba Group in the third quarter valued at $109,000. Winch Advisory Services LLC grew its position in shares of Alibaba Group by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new position in shares of Alibaba Group in the second quarter valued at $116,000. 38.13% of the stock is owned by institutional investors.

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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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