Alibaba Group Holding Ltd (NYSE:BABA) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 13, 2016
Zacks Investment Research has downgraded Alibaba Group Holding Ltd (NYSE:BABA) to Hold in a report released on 10/13/2016.
On Tuesday October 11, 2016, Vetr Inc. released a statement on Alibaba Group Holding Ltd (NYSE:BABA) increased the target price from $0.00 to $120.23 that indicated a possible upside of 0.14%.
Yesterday Alibaba Group Holding Ltd (NYSE:BABA) traded -2.47% lower at $103.49. BABA’s 50-day average is $102.81 and its two hundred day average is $86.43. The last stock close price is up 16.92% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 15,416,237 shares of the stock were exchanged, down from an avg. volume of 16,908,500
With a total market value of $0, Alibaba Group Holding Ltd has one year low of $59.25 and a one year high of $109.87 with a P/E ratio of 35.82 .
In addition to Zacks Investment Research reporting its stock price target, a total of 37 brokers have issued a research note on the company. The average stock price target is $95.80 with 13 equity analysts rating the company a strong buy, nineteen equity analysts rating the company a buy, four equity analysts rating the company a hold, one analyst rating the company a underperform, and lastly zero analysts rating the company a sell.
General Company Details For Alibaba Group Holding Ltd (NYSE:BABA)
Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally. It operates through the provision of online and mobile commerce and related services segment. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers (AliExpress).
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