Investors Bet Against Alibaba: Short Interest Increases

Alibaba HK Stock

Alibaba Group Holding Limited (BABA:NYE) experienced a significant increase in short interest in February, according to recent data. As of February 28th, the total number of shorted shares was 62,380,000, up 15% from 54,250,000 shares on February 13th. With an average trading volume of 21,460,000 Alibaba HK stock shares, the days-to-cover ratio is currently 2.9 days. Short interest now represents 2.4% of the Alibaba HK stock shares.

 

Hedge Funds & Institutional Holdings:

Several large institutional investors have also made changes to their positions in Alibaba Group. Merit Financial Group LLC increased its holdings by 2.1% during the fourth quarter, while Pariax LLC and WNY Asset Management LLC both lifted their positions by 0.3% and 1.9%, respectively.

Ulland Investment Advisors LLC increased its holdings by 54.1%, and AllSquare Wealth Management LLC raised its stake by 23%.

Institutional investors and hedge funds currently own 13.86% of the Alibaba HK stock.

 

Alibaba Stock Price Analysis:

Alibaba Group’s stock opened at $82.90 on Tuesday, with a market capitalization of $219.53 billion, a PE ratio of 45.55, a PEG ratio of 1.06, and a beta of 0.63.

The company’s 12-month low is $58.01, and its 12-month high is $125.84. Alibaba HK stock has a 50-day moving average of $103.73 and a 200-day moving average of $89.35. The current and quick ratios of Alibaba Group are 1.74 and 0.13, respectively.

BABA Ratings by Stock Target Advisor

Alibaba Stock-Analyst Ratings:

Analysts have also been rating Alibaba HK stock, with Morgan Stanley increasing their target price from $100.00 to $150.00 and rating the stock as “overweight.”

HSBC downgraded their target price from $132.00 to $124.00 and maintained a “buy” rating.

Susquehanna lowered their target price from $185.00 to $175.00 and gave the company a “positive” rating.

Barclays raised their target price from $114.00 to $141.00 and rated the stock as “overweight.”

Citigroup increased its price target from $144.00 to $160.00 and gave the stock a “buy” rating.

Alibaba HK stock currently has an average rating of “Strong Buy” and a consensus target price of $136.11, according to Stock Target Advisor.

BABA Ratings by Stock Target Advisor

Company Profile:

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.

The company was incorporated in 1999 and is based in Hangzhou, the People’s Republic of China.

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