Alibaba Group Holding Ltd (NYSE:BABA) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 112,706,708 shares, a decline of 3.3% from the January 15th total of 116,494,156 shares. Based on an average trading volume of 17,839,102 shares, the days-to-cover ratio is currently 6.3 days. Approximately 4.4% of the company’s shares are short sold.

Shares of NYSE:BABA opened at $169.40 on Thursday. The company has a market capitalization of $432.09 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 1.63 and a beta of 2.31. Alibaba Group has a 52-week low of $129.77 and a 52-week high of $211.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $10.83. The business had revenue of $117.28 billion for the quarter, compared to analyst estimates of $118.52 billion. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.63 earnings per share. Equities research analysts anticipate that Alibaba Group will post 3.65 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Bank of America reaffirmed a “buy” rating and issued a $215.00 target price (down previously from $221.00) on shares of Alibaba Group in a report on Thursday, January 31st. Stifel Nicolaus reiterated a “buy” rating and set a $180.00 price target (up previously from $175.00) on shares of Alibaba Group in a report on Thursday, January 31st. Citigroup reissued a “buy” rating and issued a $211.00 price objective (up from $208.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Nomura reaffirmed a “buy” rating and issued a $205.00 price objective (up previously from $200.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Finally, Macquarie reissued an “outperform” rating and issued a $224.00 price target (up previously from $220.00) on shares of Alibaba Group in a report on Thursday, January 31st. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $211.09.

A number of large investors have recently modified their holdings of the stock. Winslow Evans & Crocker Inc. lifted its stake in Alibaba Group by 5.4% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,296 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 66 shares during the period. Enterprise Financial Services Corp boosted its position in Alibaba Group by 25.5% in the 4th quarter. Enterprise Financial Services Corp now owns 354 shares of the specialty retailer’s stock valued at $49,000 after buying an additional 72 shares during the last quarter. Mission Wealth Management LP lifted its stake in Alibaba Group by 4.6% in the 4th quarter. Mission Wealth Management LP now owns 1,648 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 72 shares during the last quarter. Arcadia Investment Management Corp MI lifted its holdings in Alibaba Group by 18.3% in the fourth quarter. Arcadia Investment Management Corp MI now owns 485 shares of the specialty retailer’s stock valued at $66,000 after buying an additional 75 shares during the period. Finally, Taylor Hoffman Wealth Management lifted its stake in shares of Alibaba Group by 6.3% during the 4th quarter. Taylor Hoffman Wealth Management now owns 1,282 shares of the specialty retailer’s stock valued at $175,000 after buying an additional 76 shares in the last quarter. 38.77% of the stock is currently owned by institutional investors and hedge funds.

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About Alibaba Group

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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