Alibaba Group Holding Ltd (BABA) Sees Significant Growth in Short Interest

Alibaba Group Holding Ltd (NYSE:BABA) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 127,859,653 shares, an increase of 3.4% from the May 31st total of 123,646,341 shares. Based on an average trading volume of 18,879,128 shares, the days-to-cover ratio is currently 6.8 days. Approximately 5.0% of the company’s shares are short sold.

Shares of Alibaba Group opened at $185.02 on Thursday, Marketbeat Ratings reports. Alibaba Group has a 1 year low of $137.52 and a 1 year high of $211.70. The stock has a market capitalization of $490.26 billion, a price-to-earnings ratio of 45.91, a price-to-earnings-growth ratio of 1.16 and a beta of 2.54. The company has a quick ratio of 1.97, a current ratio of 1.89 and a debt-to-equity ratio of 0.27.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.11). The firm had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.36 billion. Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. During the same period in the prior year, the company earned $0.63 earnings per share. research analysts predict that Alibaba Group will post 5.36 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of BABA. BlackRock Inc. boosted its position in shares of Alibaba Group by 8.1% during the first quarter. BlackRock Inc. now owns 61,030,594 shares of the specialty retailer’s stock worth $11,201,556,000 after buying an additional 4,561,249 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Alibaba Group by 8,940.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,979,321 shares of the specialty retailer’s stock worth $513,724,000 after buying an additional 2,946,365 shares during the period. Franklin Resources Inc. boosted its position in shares of Alibaba Group by 29.7% during the first quarter. Franklin Resources Inc. now owns 7,528,395 shares of the specialty retailer’s stock worth $1,381,773,000 after buying an additional 1,723,683 shares during the period. Highbridge Capital Management LLC boosted its position in shares of Alibaba Group by 103.2% during the first quarter. Highbridge Capital Management LLC now owns 45,800 shares of the specialty retailer’s stock worth $8,406,000 after buying an additional 1,498,620 shares during the period. Finally, FIL Ltd boosted its position in shares of Alibaba Group by 8.1% during the first quarter. FIL Ltd now owns 14,057,320 shares of the specialty retailer’s stock worth $2,580,080,000 after buying an additional 1,050,234 shares during the period. 37.88% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Co boosted their target price on Alibaba Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, June 14th. Susquehanna Bancshares upped their price objective on Alibaba Group from $220.00 to $305.00 and gave the company a “positive” rating in a report on Thursday, June 7th. BNP Paribas began coverage on Alibaba Group in a report on Thursday, June 14th. They issued a “buy” rating for the company. Argus began coverage on Alibaba Group in a report on Monday. They issued a “buy” rating and a $275.00 price objective for the company. Finally, Raymond James reiterated a “strong-buy” rating and issued a $300.00 price objective (up previously from $250.00) on shares of Alibaba Group in a report on Thursday, May 24th. One investment analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the stock. Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $231.18.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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