Traders Buy Alibaba Group (BABA) on Weakness
Traders purchased shares of Alibaba Group Holding Ltd (NYSE:BABA) on weakness during trading on Wednesday. $852.43 million flowed into the stock on the tick-up and $760.73 million flowed out of the stock on the tick-down, for a money net flow of $91.70 million into the stock. Of all equities tracked, Alibaba Group had the 11th highest net in-flow for the day. Alibaba Group traded down ($1.01) for the day and closed at $189.79
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, November 24th. Nomura restated a “buy” rating and issued a $219.00 target price (down previously from $221.00) on shares of Alibaba Group in a research report on Tuesday. Oppenheimer restated a “buy” rating and issued a $220.00 target price (up previously from $200.00) on shares of Alibaba Group in a research report on Monday, November 6th. Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 target price on the stock in a research report on Wednesday, November 29th. Finally, BidaskClub upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. Alibaba Group presently has an average rating of “Buy” and a consensus price target of $186.06.
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 company has a market cap of $484,340.00, a P/E ratio of 52.25, a PEG ratio of 1.44 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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