Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) was the target of unusually large options trading activity on Friday. Investors purchased 491,793 call options on the company. Thisisanincreaseofapproximately161% compared to the typical daily volume of 188,616 call options.
Hedge Funds Weigh In On Alibaba Group
Several institutional investors have recently bought and sold shares of BABA. North Ridge Wealth Advisors Inc. bought a new position in shares of Alibaba Group in the 1st quarter valued at about $26,000. Summit Securities Group LLC lifted its stake in shares of Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 59,000 shares during the last quarter. Ransom Advisory Ltd purchased a new position in shares of Alibaba Group in the 1st quarter worth approximately $26,000. 1248 Management LLC bought a new position in shares of Alibaba Group during the 1st quarter valued at approximately $26,000. Finally, Rosenberg Matthew Hamilton purchased a new stake in Alibaba Group during the 2nd quarter valued at $26,000. 13.47% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on BABA shares. Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Robert W. Baird dropped their price target on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Loop Capital set a $176.00 price objective on Alibaba Group in a research report on Friday, May 16th. Mizuho dropped their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Finally, Morgan Stanley set a $180.00 price target on Alibaba Group in a report on Wednesday, May 14th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $159.67.
Check Out Our Latest Analysis on Alibaba Group
Alibaba Group Price Performance
NYSE:BABA traded up $12.53 during trading hours on Friday, hitting $132.10. 46,406,869 shares of the stock traded hands, compared to its average volume of 20,935,506. The company has a market cap of $315.04 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.80 and a beta of 0.17. Alibaba Group has a 1 year low of $80.06 and a 1 year high of $148.43. The stock has a 50 day moving average price of $117.06 and a 200 day moving average price of $121.53. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19.
About Alibaba Group
(
Get Free Report)
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
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