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

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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