Investors Sell Shares of Alibaba Group (BABA) on Strength (BABA)

Traders sold shares of Alibaba Group Holding Ltd (NYSE:BABA) on strength during trading on Wednesday. $1,041.85 million flowed into the stock on the tick-up and $1,327.50 million flowed out of the stock on the tick-down, for a money net flow of $285.65 million out of the stock. Of all equities tracked, Alibaba Group had the 0th highest net out-flow for the day. Alibaba Group traded up $4.63 for the day and closed at $204.29

BABA has been the subject of several research reports. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Alibaba Group in a research note on Thursday, October 5th. Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Monday, October 9th. reiterated a “buy” rating and issued a $204.00 price target (up previously from $184.00) on shares of Alibaba Group in a research report on Tuesday, October 10th. BidaskClub upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 12th. Finally, Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 price target for the company in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and an average price target of $206.71.

The firm has a market capitalization of $492,310.00, a PE ratio of 51.40, a P/E/G ratio of 1.54 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, November 2nd. The specialty retailer reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.18. Alibaba Group had a return on equity of 17.89% and a net margin of 30.87%. analysts anticipate that Alibaba Group Holding Ltd will post 4.29 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in BABA. Boussard & Gavaudan Investment Management LLP raised its stake in shares of Alibaba Group by 37.1% during the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after purchasing an additional 3,141,790 shares in the last quarter. Egerton Capital UK LLP purchased a new stake in shares of Alibaba Group during the 3rd quarter worth about $507,041,000. Third Point LLC raised its stake in shares of Alibaba Group by 46.7% during the 3rd quarter. Third Point LLC now owns 6,600,000 shares of the specialty retailer’s stock worth $1,139,886,000 after purchasing an additional 2,100,000 shares in the last quarter. PointState Capital LP raised its stake in shares of Alibaba Group by 4,376.8% during the 2nd quarter. PointState Capital LP now owns 1,369,897 shares of the specialty retailer’s stock worth $193,018,000 after purchasing an additional 1,339,297 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Alibaba Group by 51.3% during the 3rd quarter. Legal & General Group Plc now owns 3,462,294 shares of the specialty retailer’s stock worth $597,897,000 after purchasing an additional 1,174,045 shares in the last quarter. Hedge funds and other institutional investors own 37.96% 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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