Traders Sell Alibaba Group (BABA) on Strength (BABA)

Traders sold shares of Alibaba Group Holding Ltd (NYSE:BABA) on strength during trading on Friday. $734.90 million flowed into the stock on the tick-up and $806.83 million flowed out of the stock on the tick-down, for a money net flow of $71.93 million out of the stock. Of all equities tracked, Alibaba Group had the 9th highest net out-flow for the day. Alibaba Group traded up $4.99 for the day and closed at $190.70

Several research firms have recently commented on BABA. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Alibaba Group in a research note on Sunday, October 1st. Vetr downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 price objective on the stock. in a research note on Wednesday, October 4th. Jefferies Group reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Alibaba Group in a research note on Thursday, September 21st. Finally, reiterated a “buy” rating and set a $204.00 target price (up previously from $184.00) on shares of Alibaba Group in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $185.14.

The stock has a market cap of $488,410.00, a price-to-earnings ratio of 52.68, a price-to-earnings-growth ratio of 1.39 and a beta of 2.52. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. Schwab Charles Investment Management Inc. grew its holdings in Alibaba Group by 23.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,011 shares of the specialty retailer’s stock valued at $3,102,000 after buying an additional 4,113 shares in the last quarter. Commerce Bank grew its holdings in Alibaba Group by 23.4% during the 2nd quarter. Commerce Bank now owns 3,923 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 745 shares in the last quarter. Atlantic Trust Group LLC purchased a new position in Alibaba Group during the 2nd quarter valued at approximately $2,896,000. Fiduciary Trust Co. bought a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $142,000. Finally, AGF Investments Inc. lifted its stake in shares of Alibaba Group by 8.6% in the 2nd quarter. AGF Investments Inc. now owns 98,949 shares of the specialty retailer’s stock valued at $13,949,000 after purchasing an additional 7,810 shares during the last quarter. Institutional investors and hedge funds own 37.94% of the company’s stock.

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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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