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

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

Investors sold shares of Alibaba Group Holding Ltd (NYSE:BABA) on strength during trading on Monday. $268.09 million flowed into the stock on the tick-up and $347.37 million flowed out of the stock on the tick-down, for a money net flow of $79.28 million out of the stock. Of all equities tracked, Alibaba Group had the 12th highest net out-flow for the day. Alibaba Group traded up $0.09 for the day and closed at $167.45

A number of research analysts have weighed in on the stock. Argus reaffirmed a “buy” rating on shares of Alibaba Group in a research note on Friday, February 1st. Oppenheimer lifted their price objective on shares of Alibaba Group from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. Barclays reiterated an “overweight” rating and issued a $200.00 price objective (up from $195.00) on shares of Alibaba Group in a report on Thursday, January 31st. KeyCorp reiterated an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Alibaba Group in a report on Thursday, January 31st. Finally, Macquarie reiterated an “outperform” rating and issued a $224.00 price objective (up from $220.00) on shares of Alibaba Group in a report on Thursday, January 31st. Two equities research 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 company. The company has a consensus rating of “Buy” and an average price target of $211.09.

The firm has a market capitalization of $428.63 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.63 and a beta of 2.31. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $10.83. The business had revenue of $117.28 billion for the quarter, compared to the consensus estimate of $118.52 billion. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The firm’s revenue for the quarter was up 41.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. Equities research analysts forecast that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Norway Savings Bank boosted its position in Alibaba Group by 640.0% during the fourth quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 160 shares during the period. Baystate Wealth Management LLC bought a new stake in shares of Alibaba Group in the fourth quarter valued at about $31,000. BerganKDV Wealth Management LLC bought a new stake in shares of Alibaba Group in the fourth quarter valued at about $34,000. Trust Co. of Vermont boosted its position in shares of Alibaba Group by 58.9% in the fourth quarter. Trust Co. of Vermont now owns 259 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 96 shares during the period. Finally, Ipswich Investment Management Co. Inc. bought a new stake in shares of Alibaba Group in the fourth quarter valued at about $38,000. 38.77% of the stock is owned by hedge funds and other institutional investors.

About Alibaba Group (NYSE:BABA)

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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