Investors bought shares of Alibaba Group Holding Ltd (NYSE:BABA) on weakness during trading hours on Tuesday. $935.41 million flowed into the stock on the tick-up and $682.70 million flowed out of the stock on the tick-down, for a money net flow of $252.71 million into the stock. Of all equities tracked, Alibaba Group had the 2nd highest net in-flow for the day. Alibaba Group traded down ($2.09) for the day and closed at $171.28
A number of brokerages have recently issued reports on BABA. Zacks Investment Research downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, November 24th. Oppenheimer restated a “buy” rating and issued a $220.00 price target (up previously from $200.00) on shares of Alibaba Group in a research report on Monday, November 6th. Vetr upgraded shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 price target on the stock in a research report on Wednesday, November 29th. BidaskClub upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Needham & Company LLC boosted their price target on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price 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 company has a market cap of $438,670.00, a P/E ratio of 50.45, a PEG ratio of 1.31 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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