Alibaba Group Holding Lowered to “Sell” at Vetr Inc. (BABA)

CLSA reiterated a “buy” rating on shares of Alibaba Group Holding in a report on Monday, July 6th.

Alibaba Group Holding Limited (NYSE:BABA): The mean estimate for the short term price target for Alibaba Group Holding Limited (NYSE:BABA) stands at $88.98 according to 19 Analysts.

Analysts await Alibaba Group Holding Ltd (NYSE:BABA) to reports earnings on November, 3.

TH Capital upgraded the company to a Buy rating from Hold with an $84 price target. Deutsche Bank reiterated an in-line rating and set a $85.00 target price on shares of Alibaba Group Holding in a research report on Thursday. The 50-day moving average is $65.38 and the 200 day moving average is recorded at $77.92.

Out of 21 analysts covering Alibaba (NYSE:BABA), 20 rate it “Buy”, 0 “Sell”, while 1 “Hold”. But as a domestic economy slowed, the company lost almost $150 billion from its market value. Alibaba Group Holding has a consensus rating of “Buy” and an average price target of $93.70.

Alibaba Group Holding Limited is a holding company. Effective August 01, 2014, Alibaba Investment Ltd, a unit of Alibaba Group Holding Ltd, acquired a 10.193% interest n Singapore Post Ltd.

Bernstein expects gross merchandise volume to grow to $112.20 billion for its second quarter, roughly 28% over the same quarter past year, along with revenues of $3,470 million. As a platform, the Company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with consumers and businesses. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally.

Even so, Alibaba founder Jack Massachusetts told shareholders in a letter earlier this month that high savings rates and lower prices online would continue to drive e-commerce spending regardless of the economic environment. Retail marketplaces and services run by the Company include the China online shopping destination (NYSE:BABA); the China brands and retail platform (Tmall); the China group purchasing site that gives products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and also the global consumer marketplace targeting consumers round the world (AliExpress).

Beijing is hoping that private consumption will pick up the slack as exports fall and it tries to rebalance the economy – now heading for its slowest full-year growth in 25 years – away from a reliance on trade and government spending.