Alibaba Group Holding Ltd (NYSE:BABA) was the recipient of a large increase in short interest during the month of December. As of December 29th, there was short interest totalling 123,899,134 shares, an increase of 6.9% from the December 15th total of 115,914,289 shares. Based on an average daily volume of 14,188,533 shares, the days-to-cover ratio is presently 8.7 days. Approximately 4.9% of the shares of the company are short sold.

A number of hedge funds have recently bought and sold shares of the business. Sandy Spring Bank grew its holdings in Alibaba Group by 1.4% during the 2nd quarter. Sandy Spring Bank now owns 5,629 shares of the specialty retailer’s stock valued at $793,000 after buying an additional 75 shares in the last quarter. Financial Partners Capital Management LLC grew its holdings in Alibaba Group by 2.2% during the 2nd quarter. Financial Partners Capital Management LLC now owns 4,715 shares of the specialty retailer’s stock valued at $664,000 after buying an additional 100 shares in the last quarter. Carret Asset Management LLC grew its holdings in Alibaba Group by 2.1% during the 2nd quarter. Carret Asset Management LLC now owns 7,244 shares of the specialty retailer’s stock valued at $1,021,000 after buying an additional 150 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Alibaba Group by 22.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 179 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Alibaba Group by 29.0% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock valued at $125,000 after buying an additional 200 shares in the last quarter. 37.99% of the stock is owned by institutional investors and hedge funds.

Alibaba Group (NYSE BABA) opened at $183.83 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $470,820.00, a PE ratio of 50.36, a price-to-earnings-growth ratio of 1.42 and a beta of 2.52. Alibaba Group has a twelve month low of $95.26 and a twelve month high of $192.49.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, November 2nd. The specialty retailer reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.18. Alibaba Group had a return on equity of 17.89% and a net margin of 30.87%. equities research analysts expect that Alibaba Group will post 4.31 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the company. Bank of America reaffirmed a “buy” rating and set a $200.00 target price on shares of Alibaba Group in a research report on Monday, October 16th. Needham & Company LLC raised their target price on Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 target price for the company. in a research report on Wednesday, October 4th. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 target price for the company in a research report on Wednesday, November 8th. Finally, BidaskClub lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. Alibaba Group has a consensus rating of “Buy” and a consensus target price of $188.22.

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About Alibaba Group

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.

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