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Analyst Update: Amazon.com, Inc., Alibaba Group Holding Ltd, and Mattel, Inc.

Analysts revised their ratings and price targets on Amazon.com, Inc. (AMZN), Alibaba Group Holding Ltd (BABA), and Mattel, Inc. (MAT)

Jul 21, 2016 at 2:17 PM
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Analysts are weighing in on e-tailers Amazon.com, Inc. (NASDAQ:AMZN) and Alibaba Group Holding Ltd (NYSE:BABA), as well as toy stock Mattel, Inc. (NASDAQ:MAT)Here's a quick roundup of today's brokerage notes on AMZN, BABA, and MAT.

  • BABA is off 0.7% at $83.81, despite a price-target hike to $114 from $100 at Credit Suisse. Since bottoming in February, though, the shares have been red-hot -- tacking on over 41%, and recently conquering the $82-$83 area. In fact, the stock yesterday notched its highest daily finish since late December. As a result, Alibaba Group Holding Ltd short sellers may be getting ready to abandon ship, which could add to the momentum. About 9% of the stock's float is sold short, representing over eight days' worth of pent-up buying power, at BABA's typical trading levels.
  • Despite a narrower-than-forecast quarterly loss, as well as price-targets hikes to $36 at Jefferies and MKM Partners, MAT is down 1.5% at $32.34 -- not unlike this fellow toy maker's earnings reaction. Yet, on a year-to-date basis, the stock is up a market-beating 19%. In the options pits, short-term traders are fairly call-skewed at the moment. Mattel, Inc.'s Schaeffer's put/call open interest ratio (SOIR) weighs in at 0.69 -- below 71% of all other readings taken in the past year.
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