Investors bought shares of Alibaba Group Holding Ltd (NYSE:BABA) on weakness during trading on Wednesday. $816.86 million flowed into the stock on the tick-up and $440.73 million flowed out of the stock on the tick-down, for a money net flow of $376.13 million into the stock. Of all companies tracked, Alibaba Group had the 3rd highest net in-flow for the day. Alibaba Group traded down ($0.86) for the day and closed at $181.28

BABA has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. ValuEngine upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Nomura restated a “buy” rating and issued a $205.00 target price (up previously from $200.00) on shares of Alibaba Group in a report on Thursday, January 31st. Macquarie restated an “outperform” rating and issued a $224.00 target price (up previously from $220.00) on shares of Alibaba Group in a report on Thursday, January 31st. Finally, Bank of America restated a “buy” rating and issued a $215.00 target price (down previously from $221.00) on shares of Alibaba Group in a report on Thursday, January 31st. One research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Alibaba Group has a consensus rating of “Buy” and a consensus target price of $211.07.

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a market cap of $465.69 billion, a price-to-earnings ratio of 44.98, a price-to-earnings-growth ratio of 1.77 and a beta of 2.31.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, beating the consensus estimate of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The firm had revenue of $117.28 billion during the quarter, compared to the consensus estimate of $118.52 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The business’s revenue was up 41.3% compared to the same quarter last year. As a group, equities analysts predict that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in Alibaba Group by 7.4% in the 4th quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after purchasing an additional 4,674,615 shares in the last quarter. Baillie Gifford & Co. grew its position in Alibaba Group by 4.4% in the 4th quarter. Baillie Gifford & Co. now owns 47,311,293 shares of the specialty retailer’s stock worth $6,484,958,000 after purchasing an additional 1,989,666 shares in the last quarter. Vanguard Group Inc. grew its position in Alibaba Group by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after purchasing an additional 849,659 shares in the last quarter. Vanguard Group Inc grew its position in Alibaba Group by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after purchasing an additional 849,659 shares in the last quarter. Finally, Capital Research Global Investors grew its position in Alibaba Group by 8.5% in the 3rd quarter. Capital Research Global Investors now owns 21,413,445 shares of the specialty retailer’s stock worth $3,528,079,000 after purchasing an additional 1,670,726 shares in the last quarter. 39.66% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Investors Buy Alibaba Group (BABA) on Weakness” was posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2019/03/20/investors-buy-alibaba-group-baba-on-weakness.html.

About Alibaba Group (NYSE:BABA)

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.

Read More: Special Dividends

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.