Alibaba Group Holding Ltd (NYSE:BABA) gapped up before the market opened on Wednesday . The stock had previously closed at $190.90, but opened at $183.65. Alibaba Group shares last traded at $182.68, with a volume of 13800000 shares trading hands.
A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, November 24th. Oppenheimer restated a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Alibaba Group in a research note on Monday, November 6th. Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 price target for the company in a research note on Wednesday, November 29th. BidaskClub upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Needham & Company LLC boosted their price target on Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $185.14.
The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market capitalization of $475,630.00, a P/E ratio of 51.44, a PEG ratio of 1.39 and a beta of 2.52.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in Alibaba Group by 42.5% in the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after acquiring an additional 7,544,165 shares during the last quarter. Third Point LLC bought a new position in Alibaba Group in the 2nd quarter valued at $634,050,000. Hillhouse Capital Management Ltd. grew its position in Alibaba Group by 38,449.4% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock valued at $503,076,000 after acquiring an additional 3,561,187 shares during the last quarter. Boussard & Gavaudan Investment Management LLP grew its position in Alibaba Group by 37.1% in the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock valued at $1,986,697,000 after acquiring an additional 3,141,790 shares during the last quarter. Finally, Egerton Capital UK LLP bought a new position in Alibaba Group in the 3rd quarter valued at $507,041,000. 37.94% of the stock is currently owned by hedge funds and other institutional investors.
Alibaba Group Company Profile
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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