Large Outflow of Money Witnessed in Alibaba Group Holding Limited

Alibaba Group Holding Limited (BABA) surged 0.26% during the last session. The last traded price was up 0.26 points at $101.57. The data for the fund flow suggests that the net intraday money flow was $(-5.79) million. The fund value in upticks was recorded to be $109.84 million and in downticks, it was found to be $115.62 million. The up/down ratio for the day was measured to be 0.95. For the week, the shares have seen a percentage change of -0.49%.A block trade of $(-5.77) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $3.03 million and that of downticks was $8.8 million. The block tradeoff had the up/down ratio of 0.34.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Alibaba Group Holding Limited has dropped 2.39% in the last five trading days, however, the shares have posted positive gains of 15.67% in the last 4 weeks. Alibaba Group Holding Limited has dropped 0.12% during the last 3-month period . Year-to-Date the stock performance stands at 15.67%. Alibaba Group Holding Limited (NYSE:BABA) rose 0.26% or 0.26 points on Wednesday and made its way into the gainers of the day. After trading began at $102.07 the stock was seen hitting $102.38 as a peak level and $100.87 as the lowest level. The stock ended up at $101.57. The daily volume was measured at 5,736,373 shares. The 52-week high of the share price is $109.87 and the 52-week low is $59.25. The company has a market cap of $253,925 million.

Alibaba Group Holding Ltd Last issued its quarterly earnings results on Jan 24, 2017. The company reported $1.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.17. Analyst had a consensus of $1.13. The company had revenue of $7669.00 million for the quarter, compared to analysts expectations of $7340.84 million. During the same quarter in the previous year, the company posted $0.99 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Wedbush on Jan 25, 2017 to Neutral, Raises Price Target to $ 100 from a previous price target of $90 .Alibaba Group Holding Ltd was Initiated by Bernstein on Jan 11, 2017 to Outperform, Price Target of the shares are set at $117.Alibaba Group Holding Ltd was Upgraded by Standpoint Research to Accumulate on Jan 9, 2017. Alibaba Group Holding Ltd was Resumed by Morgan Stanley on Dec 8, 2016 to Overweight, Price Target of the shares are set at $130.

Alibaba Group Holding Limited operates online and mobile marketplaces in retail and wholesale trade, as well as cloud computing and other services. It provides technology and services to enable consumers, merchants, and other participants to conduct commerce in its ecosystem. The Company operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace;, an online business-to-business marketplace;, an online wholesale marketplace; and AliExpress, a consumer marketplace. Alibaba Group Holding Limited is headquartered in Hangzhou, the Peoples Republic of China.


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