Alibaba Group Holding Limited (NYSE:BABA) Short Interest Update

Alibaba Group Holding Limited (NYSE:BABA) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 50,230,000 shares, a decrease of 9.1% from the November 15th total of 55,230,000 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 20,360,000 shares, the days-to-cover ratio is currently 2.5 days.

Hedge Funds Weigh In On Alibaba Group

Institutional investors and hedge funds have recently bought and sold shares of the business. First Command Advisory Services Inc. acquired a new position in shares of Alibaba Group during the 2nd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group in the second quarter valued at $27,000. Concord Wealth Partners raised its stake in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in Alibaba Group during the 3rd quarter worth about $36,000. Finally, Asset Dedication LLC increased its holdings in shares of Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BABA shares. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Monday, October 7th. Robert W. Baird upped their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Bank of America lifted their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Loop Capital reaffirmed a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a research report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Price Performance

BABA stock traded up $1.09 on Tuesday, hitting $87.16. 13,272,053 shares of the company’s stock traded hands, compared to its average volume of 17,435,371. The stock has a market cap of $208.28 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 0.44 and a beta of 0.30. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $94.19 and a 200-day moving average of $86.43. Alibaba Group has a 1-year low of $66.63 and a 1-year high of $117.82.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, analysts forecast that Alibaba Group will post 8.44 EPS for the current fiscal year.

About Alibaba Group

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.