Alibaba Group Holding Ltd (BABA) Stock Rating Reaffirmed by MKM Partners

Alibaba Group Holding Ltd (BABA) Stock Rating Reaffirmed by MKM Partners

Alibaba Group Holding Ltd (NYSE:BABA) has risen 6.00% since April 18, 2017 and is uptrending. Over the long run, the price of a stock will generally go up in lock step with its earnings (assuming the P/E ratio is constant).

Among 31 analysts covering Alibaba (NYSE:BABA), 29 have Buy rating, 1 Sell and 1 Hold.

Newport Asia Llc increased Alibaba Group Holding (BABA) stake by 17.27% reported in 2016Q4 SEC filing. The stock is presently trading up its SMA-50 of $113.39. Wedbush maintained the shares of BABA in report on Wednesday, January 25 with "Neutral" rating. Finally, HSBC Holdings plc reissued a "buy" rating and issued a $120.00 target price on shares of Alibaba Group Holding in a report on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. Daiwa Securities maintained it with "Buy" rating and $125 target in Wednesday, September 28 report. About 26.91M shares traded or 168.56% up from the average.

The last closing stock price represents a downfall of -2.91% in price from company's fifty two-Week high price and indicates a 64.69% above from its 52-Week low price. The company has market cap of 6.96 million GBP.

The results came after Ant Financial Services Group, which is controlled by Alibaba and valued at roughly $60 billion last April, reportedly delayed its highly anticipated public listing. If you are reading this report on another publication, it was copied illegally and republished in violation of worldwide copyright and trademark laws. Suntrust Robinson maintained the stock with "Buy" rating in Friday, August 12 report.

A number of brokerages have recently issued reports on BABA. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/05/18/russell-investments-group-ltd-acquires-581669-shares-of-alibaba-group-holding-ltd-baba-updated-updated.html. Apriem Advisors raised its stake in shares of Alibaba Group Holding by 14.2% in the third quarter. Apriem Advisors now owns 1,003 shares of the specialty retailer's stock valued at $106,000 after buying an additional 125 shares during the last quarter. Raymond James Trust N.A. now owns 11,220 shares of the specialty retailer's stock worth $1,210,000 after buying an additional 98 shares in the last quarter. The stock declined 2.76% or $3.33 reaching $117.39 per share.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, BABA earned gross profit of 39.14 Billion, in 2015 52.37 Billion gross profit, while in 2016 Alibaba Group Holding Limited (BABA) produced 66.79 Billion profit. When we divide the current volume by the three-month average volume, we get a relative volume of 4.49.

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