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.

A number of hedge funds have recently bought and sold shares of the business. Capital Research Global Investors increased its stake in Alibaba Group by 2.2% during the second quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock worth $4,736,830,000 after acquiring an additional 738,281 shares during the last quarter. FMR LLC boosted its position in shares of Alibaba Group by 42.5% during the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after buying an additional 7,544,165 shares during the period. Capital World Investors boosted its position in shares of Alibaba Group by 5.7% during the second quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after buying an additional 1,091,620 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Alibaba Group by 5.4% during the second quarter. UBS Asset Management Americas Inc. now owns 12,234,002 shares of the specialty retailer’s stock worth $1,723,771,000 after buying an additional 626,446 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP boosted its position in shares of Alibaba Group by 37.1% during the third quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after buying an additional 3,141,790 shares during the period. 37.94% of the stock is owned by institutional investors.

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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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