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Alibaba Group (NYSE:BABA) Cut to Buy at Vetr

[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Alibaba Group (NYSE:BABA) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday, November 17th. They presently have a $206.73 price objective on the specialty retailer’s stock. Vetr‘s price target points to a potential upside of 21.91% from the company’s current price.

A number of other analysts have also recently issued reports on BABA. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a research report on Wednesday, November 8th. Oppenheimer reaffirmed a “buy” rating and issued a $220.00 price objective (up from $200.00) on shares of Alibaba Group in a research report on Monday, November 6th. SunTrust Banks reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alibaba Group in a research report on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating on shares of Alibaba Group in a research report on Friday, November 3rd. Finally, Robert W. Baird raised their price objective on Alibaba Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $184.15.

Shares of Alibaba Group (NYSE BABA) traded down $5.03 during midday trading on Friday, reaching $169.58. The company had a trading volume of 35,886,557 shares, compared to its average volume of 15,190,847. Alibaba Group has a 1 year low of $86.01 and a 1 year high of $191.75. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $434,320.00, a PE ratio of 50.76, a PEG ratio of 1.32 and a beta of 2.52.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. FMR LLC increased its position in Alibaba Group by 42.5% in the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after buying an additional 7,544,165 shares in the last quarter. Fisher Asset Management LLC increased its position in Alibaba Group by 87.4% in the 2nd quarter. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer’s stock valued at $1,453,929,000 after buying an additional 4,813,431 shares in the last quarter. Third Point LLC bought a new stake in Alibaba Group in the 2nd quarter valued at about $634,050,000. Hillhouse Capital Management Ltd. increased its holdings in Alibaba Group by 38,449.4% during the 2nd quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after purchasing an additional 3,561,187 shares in the last quarter. Finally, Boussard & Gavaudan Investment Management LLP increased its holdings in Alibaba Group by 37.1% during the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after purchasing an additional 3,141,790 shares in the last quarter. 38.13% of the stock is currently owned by institutional investors.

Alibaba Group Company Profile

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.[/vc_column_text][/vc_column][/vc_row]