| CONSENSUS REPORT | APR 21 2021

NYQ:BABA
Alibaba Group Holding Ltd How does this report work?
The ResearchTeam Consensus Report
aggregates ratings from multiple research
10 Ratings Providers 159 days DOWNGRADED -11.01% providers to provide a single rating that is more
6 BUY At current rating From Buy on 11/13/20 Total return since downgrade dynamic than any single provider.
Hold 1 HOLD
Find out more about our methodology on page 2.
3 SELL 228.29 617.66B 189.53 - 319.32
Last Close Price Market Cap 52 Wk Range

Performance & Ratings History Alibaba Group Holding Ltd Performance S&P 500 INDEX Performance
(Benchmark scaled to equity % change over the period for comparison)

APR 2019 2020 2021 APR 21

$300

$250
$229.88

$200

$150

BUY HOLD SELL Correct Rating Incorrect Rating ResearchTeam's rating was correct 43.3% of the time, and incorrect 56.7% of the time.

Provider Ratings Distribution = 1 provider’s rating

SELL HOLD BUY

APR 2019 2020 2021

10

Consensus Rating

Consensus Total Return

Consensus Total Return compares the total return of the ResearchTeam ratings versus a stock's total
return.
It measures the performance of the BUY and HOLD ratings, and excludes the performance of the SELL
ratings. Consensus Total Return Alibaba Group Holding Ltd Total Return

APR 2019 2020 2021 80%

60%

40%

20%

-20%

Since April 22, 2019, ResearchTeam Consensus ratings earned 22.7%, which is equal to the equity’s total return.
 | CONSENSUS REPORT | APR 21 2021

NYQ:BABA
Alibaba Group Holding Ltd
APR 2019 2020 2021 APR 21

Detailed Ratings History

Equity Equity Rating
Rating Change Rating Period Price at change ($) Days at rating Performance Total Return Accuracy

HOLD Nov 13, 2020 258.31 159 -11.01% -11.01%

BUY Nov 6, 2020 - Nov 13, 2020 290.53 7 -11.09% -11.09%
HOLD Oct 9, 2020 - Nov 6, 2020 306.34 28 -5.16% -5.16%
BUY Oct 2, 2020 - Oct 9, 2020 288.27 7 6.27% 6.27%
HOLD Sep 25, 2020 - Oct 2, 2020 276.01 7 4.44% 4.44%
BUY Jul 24, 2020 - Sep 25, 2020 250.86 63 10.03% 10.03%
HOLD Jul 2, 2020 - Jul 24, 2020 240.00 22 4.53% 4.53%
BUY Jun 27, 2020 - Jul 2, 2020 215.02 5 11.62% 11.62%
HOLD Jun 23, 2020 - Jun 27, 2020 226.22 4 -4.95% -4.95%
BUY Jun 5, 2020 - Jun 23, 2020 219.00 18 3.30% 3.30%
HOLD Aug 23, 2019 - Jun 5, 2020 165.90 287 32.01% 32.01%
BUY Aug 9, 2019 - Aug 23, 2019 159.31 14 4.14% 4.14%
HOLD Aug 18, 2018 - Aug 9, 2019 176.29 356 -9.63% -9.63%

How does ResearchTeam work?

BUY

The rating is generated based on a weighted

ResearchTeam is composed of highly
regarded, independant ratings providers,
each with their own ratings, criteria, and
ratings system.
composite of all the providers’ ratings.
The providers are analyzed and evaluated As a result, the ResearchTeam rating
for their strengths and weaknesses. is smarter and more accurate than any
individual provider.

Rating Methodology Rating Accuracy

Research provider ratings are uniquely averaged together to maximize their strengths and Stock total return over the rating period
minimize their weaknesses. The current team rule requires 7 research providers to provide a determines rating accuracy. An increase in
rating in order for ResearchTeam to issue a rating. The rating that is then issued is a smart average the stock return over the entire period of a
of all the research provider ratings that leverages providers’ strengths and minimizes providers’ BUY or HOLD rating is considered a correct
weaknesses based on historical performance and accuracy. rating. If a SELL is issued and the stock
price goes down, this is also a correct rating.
 | CONSENSUS REPORT | APR 21 2021

NYQ:BABA
Alibaba Group Holding Ltd
Top Ratings Providers
There are multiple Ratings Providers that contribute to the Consensus. The following 5 providers were the most accurate for this stock over the last
year.

1 Columbine Capital Services, Inc.

www.Columbinecap.Com

Columbine Capital Services, Inc. is an independent equity research firm with offices in Colorado Springs, Colorado. Founded in 1976,
Columbine Capital has been serving the needs of institutional investors since the earliest days of quantitative investing. Our clients include
money managers, investment companies, banks and hedge funds in the United States, Canada, and the United Kingdom.

2 Validea.com
www.validea.com

3 Argus Research
www.argusresearch.com

Argus Research Company (Argus) is an independent research firm that provides fundamental research for corporations, asset managers and
hedge funds. The company is noted for its expertise in producing, distributing and marketing high-quality investment and economic research,
and also has a money management division. Argus has a fairly large coverage universe, tracking roughly 5000 small, mid and large cap
companies. The company has developed a six-point system for analyzing the stocks in its universe of coverage. These six steps include: Industry
Analysis, Growth Analysis, Financial Strength Analysis, Management Assessment, Risk Analysis and Valuation Analysis.

4 MarketGrader
www.marketgrader.com

MarketGrader.com is a quantitative system that analyzes publicly-traded companies based on a strict fundamental analysis. The system is
designed to help you do your homework on the companies you're considering as investments in a cost-effective way. It is best used when in
combination with qualitative analysis. MarketGrader's research currently covers approximately 5,500 U.S listed companies, including 400 ADRs
(American Depositary Receipts) of foreign companies. Our research covers ten economic sectors and almost 150 sub-industries.
MarketGrader.com is designed for accuracy and speed to provide you an instant yet comprehensive analysis of a company in only seconds.
While it should not be your only source of information on a stock, MarketGrader.com is a very good place to start as well as a good place to
monitor the stocks you own, follow or are considering for future investments.

5 TheStreet.com, Inc
www.thestreet.com

Quantitative equity research provider with company reports and a rating scale that includes a Buy, Hold, Sell rating with a letter grade as well.