Alibaba Group Holding Limited [NYSE: BABA] stock went on an upward path that rose over 1.65% on Monday, amounting to a one-week price decrease of less than -4.85%. The company report on February 5, 2021 that Alibaba Group Announces Pricing of Offering of US$5 Billion of Senior Unsecured Notes.
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba,” “Alibaba Group” or the “company”) announced the pricing of an underwritten registered public offering of US$5 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes (the “Notes”), including the sustainability notes being issued under its sustainable finance framework as identified below, consisting of:.
US$1,500,000,000 2.125% notes due 2031 at an issue price per note of 99.839%;.
Over the last 12 months, BABA stock rose by 16.20%. The one-year Alibaba Group Holding Limited stock forecast points to a potential upside of 25.68. The average equity rating for BABA stock is currently 1.60, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $660.58 billion, with 2.71 billion shares outstanding and 1.88 billion shares in the current float. Compared to the average trading volume of 22.76M shares, BABA stock reached a trading volume of 13480692 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Alibaba Group Holding Limited [BABA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BABA shares is $325.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BABA stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Alibaba Group Holding Limited shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 25, 2021. While these analysts kept the previous recommendation, Barclays raised their target price from $300 to $320. The new note on the price target was released on August 24, 2020, representing the official price target for Alibaba Group Holding Limited stock. Previously, the target price had yet another raise from $275 to $290, while The Benchmark Company kept a Buy rating on BABA stock.
The Average True Range (ATR) for Alibaba Group Holding Limited is set at 7.19, with the Price to Sales ratio for BABA stock in the period of the last 12 months amounting to 6.62. The Price to Book ratio for the last quarter was 4.50, with the Price to Cash per share for the same quarter was set at 26.20. Price to Free Cash Flow for BABA in the course of the last twelve months was 25.11 with Quick ratio for the last quarter at 1.70.
BABA Stock Performance Analysis:
Alibaba Group Holding Limited [BABA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.85. With this latest performance, BABA shares dropped by -7.31% in over the last four-week period, additionally sinking by -14.95% over the last 6 months – not to mention a rise of 16.20% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BABA stock in for the last two-week period is set at 38.07, with the RSI for the last a single of trading hit 31.26, and the three-weeks RSI is set at 41.89 for Alibaba Group Holding Limited [BABA]. The present Moving Average for the last 50 days of trading for this stock 251.55, while it was recorded at 244.54 for the last single week of trading, and 258.00 for the last 200 days.
Insight into Alibaba Group Holding Limited Fundamentals:
Alibaba Group Holding Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
BABA Stock EPS
With the latest financial reports released by the company, Alibaba Group Holding Limited posted 1.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.87/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BABA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alibaba Group Holding Limited go to 3.49%.
Alibaba Group Holding Limited [BABA] Insider Position Details
There are presently around $239,415 million, or 40.20% of BABA stock, in the hands of institutional investors. The top three institutional holders of BABA stocks are: BLACKROCK INC. with ownership of 87,360,674, which is approximately -1.985% of the company’s market cap and around 0.23% of the total institutional ownership; VANGUARD GROUP INC, holding 62,656,838 shares of the stock with an approximate value of $15.14 billion in BABA stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $14.04 billion in BABA stock with ownership of nearly -6.987% of the company’s market capitalization.
1,142 institutional holders increased their position in Alibaba Group Holding Limited [NYSE:BABA] by around 63,478,996 shares. Additionally, 843 investors decreased positions by around 173,278,391 shares, while 163 investors held positions by with 753,830,779 shares. The mentioned changes placed institutional holdings at 990,588,166 shares, according to the latest SEC report filing. BABA stock had 304 new institutional investments in for a total of 17,627,661 shares, while 238 institutional investors sold positions of 32,242,617 shares during the same period.