Alibaba Group (NYSE:BABA) Downgraded by Arete to “Neutral”

Arete downgraded shares of Alibaba Group (NYSE:BABA) from a buy rating to a neutral rating in a report issued on Tuesday, Marketbeat reports. They currently have $172.00 price target on the specialty retailer’s stock.

Other equities analysts have also issued research reports about the stock. Citigroup upped their price target on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. lowered their price objective on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Macquarie restated an “outperform” rating on shares of Alibaba Group in a report on Tuesday, November 25th. Sanford C. Bernstein reduced their target price on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Finally, Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $194.00.

Alibaba Group Trading Down 1.4%

NYSE BABA opened at $155.97 on Tuesday. The company has a market cap of $372.16 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.43 and a beta of 0.33. Alibaba Group has a 12 month low of $80.06 and a 12 month high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The company has a 50-day moving average of $166.37 and a 200-day moving average of $140.67.

Institutional Trading of Alibaba Group

Several large investors have recently added to or reduced their stakes in the stock. Traphagen Investment Advisors LLC lifted its position in Alibaba Group by 2.0% during the third quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer’s stock valued at $539,000 after purchasing an additional 59 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of Alibaba Group by 26.4% in the third quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer’s stock worth $54,000 after buying an additional 63 shares during the period. Bluesphere Advisors LLC lifted its position in shares of Alibaba Group by 2.2% during the 3rd quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock valued at $540,000 after buying an additional 64 shares in the last quarter. Richardson Financial Services Inc. grew its stake in shares of Alibaba Group by 34.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 65 shares during the period. Finally, Transcend Capital Advisors LLC increased its holdings in Alibaba Group by 1.0% in the 3rd quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock worth $1,191,000 after acquiring an additional 66 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

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.