Alibaba Group Holding Limited (BABA) Given Average Rating of "Buy" by Analysts

Doris Richards
November 15, 2017

Bellecapital International Ltd.'s holdings in Alibaba Group Holding Limited were worth $3,915,000 as of its most recent SEC filing. It has ranged in price between $184-$187.88 after having started the session at $186.77 as compared to the previous trading day's close of $186.41. Fil Ltd bought 350,559 shares as the company's stock rose 22.58% with the market.

Traders are more bullish on shares of Alibaba Group Holding Ltd recently as evidenced by the fall in short interest. It has outperformed by 40.63% the S&P500. IAG's SI was 3.35M shares in November as released by FINRA. After $1.08 actual earnings per share reported by Wal-Mart Stores Inc for the previous quarter, Wall Street now forecasts -10.19% negative EPS growth. Days to cover decreased -4.0 to 7.0 and the percentage of shorted shares was 0.05% on October 31. About shares traded. EOG Resources Inc (NYSE:EOG) has risen 17.15% since November 14, 2016 and is uptrending. It has outperformed by 51.60% the S&P500.

Analysts await Alibaba Group Holding Ltd (NYSE:BABA) to report earnings on January, 23. Therefore 30% are positive. Microchip Technology had 57 analyst reports since August 5, 2015 according to SRatingsIntel. Alibaba Group Holding Ltd now has $472.64 billion valuation. Needham & Company LLC raised the price target on November 3 changing the price objective from $190.00 to $215.00 and issued a "Buy" rating. The stock has "Buy" rating by Suntrust Robinson on Friday, August 12. The rating was maintained by Axiom Capital with "Buy" on Wednesday, October 28. They issued an "outperform" rating and a $117.00 target price on the stock. The firm earned "Hold" rating on Wednesday, October 7 by Deutsche Bank. The firm earned "Overweight" rating on Monday, January 25 by Atlantic Securities.

Investors sentiment increased to 1.67 in Q2 2017. Its down 0.09, from 1.11 in 2017Q1. Ubs Asset Management Americas Inc downsized its ownership by selling 18,300 shares a decrease of 77.5% in the quarter. 71 funds opened positions while 210 raised stakes. Strong Sell. Investors might also notice that two months ago the Buy recommendations (3) outnumbered Sell recommendations (0). First Quadrant Ltd Partnership Ca holds 0.01% or 3,198 shares. James Invest Rech Incorporated has invested 0.08% in Dana Inc (NYSE:DAN). 57,911 are owned by Liberty Mutual Asset. Renaissance Techs Ltd Liability Company, New York-based fund reported 931,028 shares.

Third Point LLC expanded its holdings by buying 2,100,000 shares an increase of 46.7% from 06/30/2017 to 09/30/2017. Wedge L Lp Nc holds 1.42% or 6.63M shares. Arrowmark Colorado Limited Liability Company reported 487,729 shares. About 453,344 shares traded. Abbvie Inc. (NYSE:ABBV) was reduced too. Aperio Grp Inc Lc reported 0.01% of its portfolio in Dana Inc (NYSE:DAN). The stock has a market capitalization of $477,424.75, a price-to-earnings ratio of 54.19, a P/E/G ratio of 1.41 and a beta of 2.61. It has activities in North America, South America, Europe and Asia pacific. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating on the company. Therefore 94% are positive. Over the 52-week time span, the stock notched a high price of $191.22 and its minimum price was $86.01.

Now the stock price is moving -4.97% off from the highest level of twelve months and 111.27% above from twelve months low. Alibaba had 152 analyst reports since August 12, 2015 according to SRatingsIntel. Robert W. Baird maintained the stock with "Buy" rating in Thursday, June 22 report. The firm has "Hold" rating given on Wednesday, June 28 by BMO Capital Markets. Brean Capital maintained it with "Buy" rating and $115 target in Thursday, November 3 report. Evercore ISI reaffirmed a "buy" rating on shares of Alibaba Group Holding Limited in a research report on Friday, December 23rd.

Among 35 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 17 have Buy rating, 1 Sell and 17 Hold. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has "Buy" rating given on Monday, August 24 by Standpoint Research. The stock has "Buy" rating by Susquehanna on Tuesday, November 7. Finally, BidaskClub upgraded shares of Alibaba Group Holding Limited from a "hold" rating to a "buy" rating in a report on Thursday. The rating was maintained by JP Morgan with "Overweight" on Tuesday, August 9.

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