Alibaba Group Holding Limited (BABA): Price Target and June Short Interest Disclosure

Alibaba Group Holding Limited (BABA) : Currently there are 23 street experts covering Alibaba Group Holding Limited (BABA) stock. The most bullish and bearish price target for the stock is $131 and $80 respectively for the short term. The average price target of all the analysts comes to $96.16. The estimated standard deviation from the target is $11.21.

The short interest in Alibaba Group Holding Limited (BABA) has increased from 94,859,433 on June 15,2016 to 97,722,982 on June 30,2016. The change was measured at 2,863,549 shares or 3%. The leftover shorts were 4% of the floated shares. The days to cover are 8, given the average daily volume of 12,072,645 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Morgan Stanley maintains its rating on Alibaba Group Holding Limited (NYSE:BABA). As per the latest information, the brokerage house raises the price target to $130.6 per share from a prior target of $119.3. The shares have been rated Overweight. The rating by the firm was issued on June 28, 2016.


Alibaba Group Holding Limited (NYSE:BABA): stock turned positive on Thursday. Though the stock opened at $81.18, the bulls momentum made the stock top out at $82.24 level for the day. The stock recorded a low of $80.86 and closed the trading day at $81.74, in the green by 1.45%. The total traded volume for the day was 9,361,454. The stock had closed at $80.57 in the previous days trading.

Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace ( and the online business-to-business marketplace that focuses on global trade among businesses from around the world (

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