Market Analysts see Alibaba Group Holding Limited [BABA] gaining to $130. Time to buy?

Alibaba Group Holding Limited [NYSE: BABA] traded at a low on 02/24/23, posting a -5.48 loss after which it closed the day’ session at $89.00. The company report on February 26, 2023 that Alibaba Reaffirms Commitment to Driving Digital Economy Education Worldwide at Global Partner Conference.

Building on its success since its inception in 2017, Alibaba’s GDT program renewed collaborations with educational institutions in Malaysia and Singapore.

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The Alibaba Global Digital Talent (GDT) program last week brought together representatives of its partner educational institutions worldwide in a hybrid conference, reaffirming its commitment to driving digital economy education globally. The first GDT event of its kind since the pandemic outbreak, the conference showcased the latest learnings and achievements of the GDT program in promoting academic exchanges and talent incubation for global digital transformation and inclusive development, while also shining a spotlight on outstanding institutions, lecturers and students in the program’s network.

The results of the trading session contributed to over 35669750 shares changing hands. Over the past one week, the price volatility of Alibaba Group Holding Limited stands at 4.13% while the volatility over the past one month is 3.18%.

The market cap for BABA stock reached $249.29 billion, with 2.60 billion shares outstanding and 2.54 billion shares in the current float. Compared to the average trading volume of 21.51M shares, BABA reached a trading volume of 35669750 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $143.62 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 1.90. 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 Outperform, with their previous recommendation back on July 20, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $75 to $130. The new note on the price target was released on May 16, 2022, representing the official price target for Alibaba Group Holding Limited stock. Previously, the target price had yet another raise to $185, while Goldman analysts kept a Buy rating on BABA stock.

The Average True Range (ATR) for Alibaba Group Holding Limited is set at 4.27, with the Price to Sales ratio for BABA stock in the period of the last 12 months amounting to 1.99. The Price to Book ratio for the last quarter was 1.64, with the Price to Cash per share for the same quarter was set at 26.84.

How has BABA stock performed recently?

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 -13.68. With this latest performance, BABA shares dropped by -25.99% in over the last four-week period, additionally sinking by -3.80% over the last 6 months – not to mention a drop of -18.88% 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 26.22, with the RSI for the last a single of trading hit 15.70, and the three-weeks RSI is set at 34.62 for Alibaba Group Holding Limited [BABA]. The present Moving Average for the last 50 days of trading for this stock 103.05, while it was recorded at 94.61 for the last single week of trading, and 93.17 for the last 200 days.

Alibaba Group Holding Limited [BABA]: Deeper insight into the 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.

Earnings analysis for Alibaba Group Holding Limited [BABA]

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 3.24%.

Insider trade positions for Alibaba Group Holding Limited [BABA]

There are presently around $33,584 million, or 14.70% of BABA stock, in the hands of institutional investors. The top three institutional holders of BABA stocks are: GOLDMAN SACHS GROUP INC with ownership of 21,580,636, which is approximately -13.341% of the company’s market cap and around 0.01% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 17,278,627 shares of the stock with an approximate value of $1.54 billion in BABA stocks shares; and DODGE & COX, currently with $1.24 billion in BABA stock with ownership of nearly -1.377% of the company’s market capitalization.

Positions in Alibaba Group Holding Limited stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 489 institutional holders increased their position in Alibaba Group Holding Limited [NYSE:BABA] by around 66,369,696 shares. Additionally, 638 investors decreased positions by around 58,644,064 shares, while 209 investors held positions by with 252,338,295 shares. The mentioned changes placed institutional holdings at 377,352,055 shares, according to the latest SEC report filing. BABA stock had 191 new institutional investments in for a total of 19,084,741 shares, while 153 institutional investors sold positions of 16,920,660 shares during the same period.


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