Economy

Alibaba Group Holding Limited (NYSE:BABA)

Alibaba Group Holding Limited (NYSE:BABA)”

Shares of Alibaba (BABA) were up 0.5% to $155.35 in early trading after Stifel analysts Scott Devitt, Lamont Williams and D. Logan Thomas upped their fiscal first quarter earnings estimates, moved their price target to $180 from $165 and added the stock to the Stifel Select List. Leading up to this report, we have seen a -1.95% fall in the stock price over the last 30 days and a -0.22% decline over the past 3 months. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer's stock worth $503,076,000 after buying an additional 3,561,187 shares during the period. 14,191,771 shares of the company's stock traded hands.

Nantahala Capital Management Llc holds 2.68% of its portfolio in Codexis, Inc. for 5.60 million shares. Kingdon Capital Management L.L.C. now owns 413,158 shares of the specialty retailer's stock valued at $58,214,000 after buying an additional 269,958 shares in the last quarter. Cornerstone Advisors Inc. raised its position in Alibaba Group Holding Limited by 1.3% in the second quarter. The shares price go up so far this year; showing a rise of 76.07% and dropped with negative flow of -2.66% during recent week.

Alibaba Group Holding Limited (BABA) opened at 154.61 on Tuesday. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

Investors and Traders continue to monitor technical levels of shares of Alibaba Group Holding Limited (BABA). Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $160.39. The firm has a market cap of $391.16 billion, a PE ratio of 61.18 and a beta of 2.64. The firm has a 50-day moving average of $150.14 and a 200 day moving average of $123.15. Alibaba Group Holding Limited (BABA) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume.

Relative strength index (RSI-14) for Alibaba Group Holding Limited (BABA) is at 56.78. During the same period in the prior year, the company earned $0.47 EPS. Analysts have a mean recommendation of 1.70 on this stock. This repurchase authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. If you are accessing this article on another publication, it was illegally copied and republished in violation of United States & global copyright & trademark law. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/dupont-capital-management-corp-has-6-98-million-stake-in-alibaba-group-holding-limited-baba/1473455.html.

Several hedge funds have recently bought and sold shares of the stock.

Alibaba Group Holding Limited (BABA) has been given an average price target of $170.46 from analysts, according to data collected by Finviz. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. BidaskClub raised Alibaba Group Holding Limited from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 10th. (The) restated a conviction-buy rating and set a $142.00 price objective on shares of Alibaba Group Holding Limited in a research report on Friday, May 19th.



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