The Moors & Cabot Inc. Decreases Position in Alibaba Group Holding Ltd (BABA) – BharataPress
Moors & Cabot Inc. lowered its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 10.1% during the first quarter, according to the company in its most recent filing with the SEC. The firm has a market cap of $434.29 billion, a PE ratio of 47.23, a PEG ratio of 1.40 and a beta of 2.27. During the same period in the prior year, the company posted $5.73 earnings per share. As a group, research analysts anticipate that Alibaba Group Holding Ltd will post 4.88 earnings per share for the current fiscal year. Bank of America reissued a “buy” rating and issued a $215.00 price objective (down previously from $221.00) on shares of Alibaba Group in a research note on Thursday, January 31st.