Sunday, June 26, 2022

A Guide To The Risks Of Investing In Alibaba Group Holding Limited (BABA)

JP Morgan upgraded its Alibaba Group Holding Limited [BABA] rating to an Overweight from a an Underweight in a research note published on Tuesday, May 16, 2022; the price target was increased to $130 from $75. PT values the company’s stock at a premium of 18.16 to its Tuesday closing price. JP Morgan also remained covering BABA and has decreased its forecast on March 14, 2022 with a “an Underweight” recommendation from previously “an Overweight” rating. UBS maintained its rating on February 25, 2022. It rated BABA as “a Buy”.


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Price Performance Review of BABA

On Tuesday, Alibaba Group Holding Limited [NYSE:BABA] saw its stock jump 4.06% to $106.39. On the same session, the stock had its day’s lowest price of $103.87, but rose to a high of $107.062. Over the last five days, the stock has gained 7.99%. Alibaba Group Holding Limited shares have fallen nearly -10.44% since the year began. Nevertheless, the stocks have fallen -49.59% over the past one year. While a 52-week high of $230.89 was reached on 01/12/22, a 52-week low of $73.28 was recorded on 03/15/22. SMA at 50 days reached $94.59, while 200 days put it at $123.71. A total of 33.89 million shares were traded, compared to the trading of 22.36 million shares in the previous session.

Levels Of Support And Resistance For BABA Stock

The 24-hour chart illustrates a support level at 104.49, which if violated will result in even more drops to 102.58. On the upside, there is a resistance level at 107.68. A further resistance level may holdings at 108.97. The Relative Strength Index (RSI) on the 14-day chart is 55.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.27%. Stochastics %K at 40.25% indicates the stock is a holding.

Alibaba Group Holding Limited [BABA] – Who Are The Largest Shareholders?

In filings from PRIMECAP Management Co., it is revealed that the company now owns 17,358,547 shares, or roughly 0.65% of the outstanding BABA shares. In other words, the investor’s shares have fallen by -25,770 from its previous 13-F filing of 17384317.0. Additionally, Fisher Asset Management LLC increased 1.81% of its stake after which the total value it holdings stand at $1,387,444,267, while HSBC Global Asset Management reduced -12.54% of its stake to hold $1.31 billion in the firm. Over the last quarter, T. Rowe Price Associates, Inc. sold -1,165,987 shares of Alibaba Group Holding Limited, while Goldman Sachs International sold 97,917 shares. At present, E Fund Management Co., Ltd. is holding 12,150,324 shares valued at $1.17 billion. Dodge & Cox owned 11,920,270 shares of the company at the time of its most recent 13F filing, worth $1.14 billion.

According to FactSet, Alibaba Group Holding Limited’s share price will average $1008.91 in the next year, based on opinions of analysts polled by the firm. This is up nearly 882.19 percent from its previous closing price of $102.24. Analysts expect Alibaba Group Holding Limited stock to reach the higher price of $1537.81, while the lowest price estimate is $707.57. However, 55 analysts have rated BABA stock as a Buy in their predictions for 2022. The most recent change occurred on February 25, 2022 when Stifel resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $135.

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