Is It Right Time to Be Bearish on Alibaba Group Holding Limited (BABA), TransEnterix, Inc. (TRXC)?

    The shares of Alibaba Group Holding Limited (NYSE:BABA) has been pegged with a rating of Buy by Jefferies in its latest research note that was published on August 5th, 2019. Jefferies wasn’t the only research firm that published a report of Alibaba Group Holding Limited, with other equities research analysts also giving their opinion on the stock. Loop Capital advised investors in its research note published on June 4th, 2019, to Buy the BABA stock. The stock had earned Buy rating from The Benchmark Company when it published its report on May 16th, 2019. That day the The Benchmark Company set price target on the stock to $220. The stock was given Overweight rating by KeyBanc Capital Markets in its report released on May 7th, 2019, the day when the price target on the stock was placed at $240. SunTrust was of a view that BABA is Buy in its latest report on January 31st, 2019 while giving it a price target of $200. Stifel thinks that BABA is worth Buy rating. This was contained in the firm’s report on January 31st, 2019 in which the stock’s price target was also moved to $180.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 23 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $217.93. The price of the stock the last time has raised by 35.04% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 58.11.

    The shares of the company dipped by -1.11% during the trading session on Wednesday, reaching a low of $174.89 while ending the day at $175.24. During the trading session, a total of 10.61 million shares were traded which represents a 48.06% incline from the average session volume which is 20.43M shares. BABA had ended its last session trading at 177.21. Alibaba Group Holding Limited currently has a market cap of $436.31B, while its P/E ratio stands at 4.61, while its P/E earnings growth sits at 8.14, with a beta of 2.25. Alibaba Group Holding Limited debt-to-equity ratio currently stands at 0.27, while its quick ratio hovers at 1.40. BABA 52-week low price stands at $129.77 while its 52-week high price is $195.72.

    The company in its last quarterly report recorded $8.57 earnings per share which is above the $6.57 predicted by most analysts. The Alibaba Group Holding Limited generated $93,498.00 million in revenue during the last quarter, which is slightly higher than the $91,564.30 million predicted by analysts. In the second quarter last year, the firm recorded $12.19 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -42.24%. Alibaba Group Holding Limited has the potential to record 38.02 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at RBC Capital Mkts published a research note on August 8th, 2019 where it informed investors and clients that TransEnterix, Inc. (NYSE:TRXC) is now rated as Sector Perform. Their price target on the stock stands at $1. Loop Capital also rated TRXC as Initiated on June 4th, 2019, with its price target of $8 suggesting that TRXC could surge by 28.26% from its current share price. Even though the stock has been trading at $0.98/share, analysts expect it to surge higher by 1.07% to reach $1.38/share. It started the day trading at $1.04 and traded between $0.96 and $0.99 throughout the trading session.

    A look at its technical shows that TRXC’s 50-day SMA is 1.26 while its 200-day SMA stands at 2.12. At the moment, only of TransEnterix, Inc. shares were sold short. The company’s average trading volume currently stands at 2.44M shares, which means that the short-interest ratio is just 13.34 days. Over the past seven days, the company moved, with its shift of 0.97%. Looking further, the stock has dropped -22.65% over the past 90 days while it lost -68.37% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors sold more TRXC shares, decreasing its portfolio by -0.72% during the last quarter. This move now sees BlackRock Fund Advisors selling -87,960 shares in the last quarter, thus it now holds 12,197,349 shares of TRXC, with a total valuation of $16,710,368. The Vanguard Group Inc meanwhile bought more TRXC shares in the recently filed quarter, changing its stake to $12,204,574 worth of shares. Mirae Asset Global Investments Co followed the path by decreasing its TRXC portfolio by -1.76% in the quarter. This means that Mirae Asset Global Investments Co sold -75,063 shares in the last quarter and now controls 4,198,797 shares of the TRXC stock, with the valuation hitting $5,752,352.

    Similarly, Masters Capital Management LLC increased its TransEnterix, Inc. shares by +159.43% during the recently filed quarter. After buying 2,310,417 shares in the last quarter, the firm now controls 3,759,567 shares of TransEnterix, Inc. which are valued at $5,150,607. In the same vein, SSgA Funds Management Inc decreased its TransEnterix, Inc. shares by during the most recent reported quarter. The firm sold -3,318,087 shares during the quarter which decreased its stakes to 3,623,063 shares and is now valued at $4,963,596. Following these latest developments, around 2.60% of TransEnterix, Inc. stocks are owned by institutional investors and hedge funds.