Alibaba Group Holding Ltd (BABA) Short Interest Down 3.3% in January

Alibaba Group Holding Ltd (NYSE:BABA) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 112,706,708 shares, a decrease of 3.3% from the January 15th total of 116,494,156 shares. Based on an average daily volume of 17,839,102 shares, the days-to-cover ratio is currently 6.3 days. Approximately 4.4% of the company’s stock are short sold.

Several research analysts recently weighed in on the company. Nomura cut their target price on Alibaba Group from $224.00 to $202.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Zacks Investment Research lowered Alibaba Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. UBS Group decreased their price objective on Alibaba Group from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, October 18th. HSBC boosted their target price on Alibaba Group from $177.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 14th. Finally, Jefferies Financial Group set a $195.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Monday, November 26th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $211.09.

NYSE BABA opened at $169.40 on Thursday. The firm has a market cap of $432.09 billion, a P/E ratio of 42.03, a PEG ratio of 1.63 and a beta of 2.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Alibaba Group has a 1 year low of $129.77 and a 1 year high of $211.70.

Alibaba Group (NYSE:BABA) last posted its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $10.83. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The business had revenue of $117.28 billion during the quarter, compared to analyst estimates of $118.52 billion. During the same quarter last year, the company earned $1.63 EPS. The company’s quarterly revenue was up 41.3% compared to the same quarter last year. On average, equities research analysts expect that Alibaba Group will post 3.65 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its holdings in Alibaba Group by 54.5% during the second quarter. Advisors Asset Management Inc. now owns 41,085 shares of the specialty retailer’s stock valued at $7,623,000 after purchasing an additional 14,497 shares during the period. Bank of New York Mellon Corp raised its holdings in Alibaba Group by 8.9% in the second quarter. Bank of New York Mellon Corp now owns 2,811,366 shares of the specialty retailer’s stock valued at $521,591,000 after acquiring an additional 229,005 shares in the last quarter. First Manhattan Co. raised its stake in shares of Alibaba Group by 5.3% during the 3rd quarter. First Manhattan Co. now owns 11,998 shares of the specialty retailer’s stock worth $1,976,000 after buying an additional 600 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $180,000. Finally, Raymond James Trust N.A. lifted its holdings in shares of Alibaba Group by 9.1% during the third quarter. Raymond James Trust N.A. now owns 14,213 shares of the specialty retailer’s stock valued at $2,342,000 after purchasing an additional 1,187 shares during the last quarter. Hedge funds and other institutional investors own 38.77% of the company’s stock.

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Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Further Reading: Net Asset Value

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