The stock of Alibaba Group Holding Ltd (NYSE:BABA) is a huge mover today! About 3.29 million shares traded hands. Alibaba Group Holding Ltd (NYSE:BABA) has risen 17.97% since April 25, 2016 and is uptrending. It has outperformed by 11.96% the S&P500.
The move comes after 8 months positive chart setup for the $235.91 billion company. It was reported on Nov, 28 by Barchart.com. We have $98.24 PT which if reached, will make NYSE:BABA worth $7.08B more.
Analysts await Alibaba Group Holding Ltd (NYSE:BABA) to report earnings on January, 26. They expect $0.85 EPS, up 16.44% or $0.12 from last year’s $0.73 per share. BABA’s profit will be $2.10B for 28.05 P/E if the $0.85 EPS becomes a reality. After $0.63 actual EPS reported by Alibaba Group Holding Ltd for the previous quarter, Wall Street now forecasts 34.92% 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 87 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Friday, April 15 the stock rating was initiated by Needham with “Buy”. The firm has “Buy” rating given on Wednesday, September 28 by Daiwa Securities. JP Morgan maintained Alibaba Group Holding Ltd (NYSE:BABA) rating on Friday, August 12. JP Morgan has “Overweight” rating and $129 price target. Axiom Capital maintained the stock with “Buy” rating in Wednesday, October 28 report. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has “Strong Buy” rating given on Friday, August 12 by Raymond James. The firm earned “Buy” rating on Wednesday, August 12 by M Partners. The company was maintained on Friday, January 29 by Wedbush. Morgan Stanley maintained Alibaba Group Holding Ltd (NYSE:BABA) rating on Monday, January 25. Morgan Stanley has “Overweight” rating and $115 price target. The firm earned “Buy” rating on Thursday, August 13 by Axiom Capital. Cantor Fitzgerald maintained Alibaba Group Holding Ltd (NYSE:BABA) on Wednesday, August 12 with “Buy” rating.
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 recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Profitconfidential.com which released: “BABA Stock: Alibaba Group Holding Ltd’s $1.0-Billion Surprise” on November 23, 2016. Also Profitconfidential.com published the news titled: “Alibaba Group Holding Ltd: BABA Stock Is Misunderstood” on November 12, 2016. Profitconfidential.com‘s news article titled: “Alibaba Group Holding Ltd: What Is Holding Back BABA Stock?” with publication date: November 02, 2016 was also an interesting one.
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).
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