The stock of Alibaba Group Holding Ltd (NYSE:BABA) is a huge mover today! About 7.21M shares traded hands. Alibaba Group Holding Ltd (NYSE:BABA) has risen 43.98% since March 10, 2016 and is uptrending. It has outperformed by 36.46% the S&P500.
The move comes after 7 months negative chart setup for the $245.53B company. It was reported on Oct, 13 by Barchart.com. We have $94.74 PT which if reached, will make NYSE:BABA worth $14.73 billion less.
Analysts await Alibaba Group Holding Ltd (NYSE:BABA) to report earnings on October, 25. They expect $0.43 EPS, up 13.16% or $0.05 from last year’s $0.38 per share. BABA’s profit will be $1.05B for 58.59 P/E if the $0.43 EPS becomes a reality. After $0.52 actual EPS reported by Alibaba Group Holding Ltd for the previous quarter, Wall Street now forecasts -17.31% negative EPS growth.
Alibaba Group Holding Ltd (NYSE:BABA) Ratings Coverage
Out of 31 analysts covering Alibaba (NYSE:BABA), 30 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 97% are positive. Alibaba has been the topic of 83 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Axiom Capital maintained it with “Buy” rating and $92 target price in Wednesday, October 28 report. As per Wednesday, October 28, the company rating was maintained by Wedbush. Needham initiated it with “Buy” rating and $95 target price in Friday, April 15 report. On Friday, August 12 the stock rating was upgraded by Raymond James to “Strong Buy”. The firm has “Hold” rating by TH Capital given on Friday, August 14. The company was maintained on Wednesday, September 28 by Daiwa Securities. Morgan Stanley maintained the shares of BABA in a report on Tuesday, June 28 with “Overweight” rating. The rating was maintained by M Partners with “Buy” on Friday, October 30. The firm has “Outperform” rating by Credit Suisse given on Friday, May 6. On Friday, August 12 the stock rating was upgraded by Macquarie Research to “Outperform”.
According to Zacks Investment Research, “Alibaba Group Holding Limited operates online and mobile marketplaces in retail and wholesale trade, as well as cloud computing and other services. It provides technology and services to enable consumers, merchants, and other participants to conduct commerce in its ecosystem. The Company operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace. Alibaba Group Holding Limited is headquartered in Hangzhou, the People’s Republic of China.”
More notable recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Learnbonds.com which released: “Alibaba Group Holding Ltd (BABA) Expecting Birth of a Re-imagined Retail Industry” on October 13, 2016, also Profitconfidential.com with their article: “Alibaba Group Holding Ltd: BABA Stock Bears are Eyeing This” published on October 08, 2016, Profitconfidential.com published: “BABA Stock: Bears are Wrong on Alibaba Group Holding Ltd” on September 25, 2016. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Investorplace.com and their article: “Will Alibaba Group Holding Ltd Hit A New All-Time High? (BABA)” published on September 20, 2016 as well as Investorplace.com‘s news article titled: “Alibaba Group Holding Ltd Drops – Pick Your Poison (BABA)” with publication date: September 29, 2016.
BABA Company Profile
Alibaba Group Holding Limited, incorporated on June 28, 1999, is a holding company. The Firm is principally engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (the PRC or China) and internationally. It operates through the provision of online and mobile commerce and related services segment. The Firm provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from clients through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting clients around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.