Why Shares of Alibaba Group Holding Limited (BABA) Are Going Crazy

Alibaba Group Holding Limited (NYSE: BABA) is -2.20% lower on its value in year-to-date trading and has touched a low of $169.95 and a high of $319.32 in the current 52-week trading range. The BABA stock was last observed hovering at around $227.61 in the last trading session, with the day’s loss setting it -6.34% off its average median price target of $2315.04 for the next 12 months. It is also 91.42% off the consensus price target high of $2578.77 offered by 53 analysts, but current levels are 87.61% higher than the price target low of $1785.89 for the same period.

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Currently trading at $221.27, the stock is -11.08% and -17.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.88 million and changing -2.79% at the moment leaves the stock -10.76% off its SMA200. BABA registered 4.59% gain for a year compared to 6-month gain of -11.67%. The firm has a 50-day simple moving average (SMA 50) of $256.19 and a 200-day simple moving average (SMA200) of $267.18.

The stock witnessed a -14.83% loss in the last 1 month and extending the period to 3 months gives it a -22.16%, and is -3.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.11% over the week and 2.90% over the month.

Alibaba Group Holding Limited (BABA) has around 122399 employees, a market worth around $630.81B and $89.65B in sales. Current P/E ratio is 30.56 and Fwd P/E is 18.16. Profit margin for the company is 22.60%. Distance from 52-week low is 30.20% and -30.71% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).

Alibaba Group Holding Limited (BABA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Alibaba Group Holding Limited (BABA) is a “Buy”. 53 analysts offering their recommendations for the stock have an average rating of 1.60, where 1 rate it as a Hold and 4 think it is a “Overweight”. 48 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Alibaba Group Holding Limited is expected to release its quarterly report on 04/30/2021 and quarterly earnings per share for the current quarter are estimated at $3.34 with sales reaching $33.4B over the same period.The EPS is expected to grow by 67.50% this year, but quarterly earnings will post 49.30% year-over-year. Quarterly sales are estimated to grow 64.50% in year-over-year returns.

Alibaba Group Holding Limited (BABA) Top Institutional Holders

2,759 institutions hold shares in Alibaba Group Holding Limited (BABA), with 6.08M shares held by insiders accounting for 0.22% while institutional investors hold 43.96% of the company’s shares. The shares outstanding are 2.70B, and float is at 2.70B with Short Float at 1.52%. Institutions hold 43.86% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 89.13 million shares valued at $26.2 billion. The investor’s holdings represent 3.29% of the BABA Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 62.52 million shares valued at $18.38 billion to account for 2.31% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 62.47 million shares representing 2.31% and valued at over $18.36 billion, while FMR, LLC holds 1.39% of the shares totaling 37.66 million with a market value of $11.07 billion.

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Alibaba Group Holding Limited (BABA): Who are the competitors?

The company’s main competitors (and peers) include Overstock.com Inc. (OSTK) that is trading 572.86% up over the past 12 months. eBay Inc. (EBAY) is 49.41% up on the 1-year trading charts. Short interest in the company’s stock has fallen -3.85% from the last report on Nov 12, 2020 to stand at a total of 42.65 million short shares sold with a short interest ratio of 2.35.

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