Alibaba Group Holding Ltd Stock Falls Following Q4 Earnings
04:33, Feb 5, 2018
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The specialty retailer reported $1.02 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.84 by $0.18. Alibaba Group Hldg Ltd now has $482.31 billion valuation. The stock decreased 4.66% or $9.51 during the last trading session, reaching $194.78. The stock had a trading volume of 19,650,928 shares, compared to its average volume of 22,438,359.
Alibaba Group Holding Limited (NYSE:BABA) reported its EPS in the last quarter as $1.36/Share beating the analyst estimate of $1.08/Share by a difference of $0.28. It has outperformed by 40.63% the S&P500. (AMZN)'s stock rose 13.58%.
The company's shares have surged by 2.3 percent on Wednesday. About 1.36 million shares traded. Salesforce.com, inc. (NYSE:CRM) has risen 7.78% since February 2, 2017 and is uptrending. It has outperformed by 3.76% the S&P500. Therefore 86% are positive. Cibc Asset Management Inc bought 8,340 shares as the company's stock rose 22.58% with the market. The firm has "Buy" rating given on Monday, October 5 by Deutsche Bank. Brean Capital maintained it with "Buy" rating and $115 target in Friday, August 12 report. The firm has "Buy" rating given on Tuesday, June 6 by Jefferies. The rating was maintained by Bank of America with "Buy" on Monday, March 7. The firm has "Buy" rating given on Sunday, October 15 by RBC Capital Markets. (NASDAQ:AMZN) earned "Hold" rating by KeyBanc Capital Markets on Sunday, July 23. The company operates in the Consumer Cyclical sector with a market capitalization of 505.65 Million. Last trading transaction put the stock price at $204.29. The stock fell as low as 191.14, briefly dropping below a short cup base breakout from a 191.85 buy point. Its down 0.24, from 1.21 in 2017Q2.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Suffolk Capital Mgmt Ltd Liability owns 57,600 shares. Fjarde Ap reported 345,321 shares. Pictet Asset Mgmt Ltd holds 0.8% or 293,868 shares. Truenorth holds 1.08% of its portfolio in Micron Technology, Inc. The firm has total debt to equity ratio measured as 0.28. 3,166 are owned by Northstar Group Incorporated. Ipswich Investment Inc holds 0.41% or 16,821 shares in its portfolio. Boston Partners accumulated 158,290 shares. WMT attains analyst recommendation of 2.20 with week's performance of 0.77%. Acropolis Invest Management Lc, Missouri-based fund reported 6,471 shares.
Investors sentiment decreased to 0.97 in 2017 Q3.
Gardner Lewis Asset Management LP increased Park Sterling Corp. It also upped 2U Inc. Rothschild Asset Mngmt owns 702,718 shares. The insider YOFFIE DAVID B sold $1.35 million.
While our conclusion might prompt you to sell your BABA shares immediately, there are two important assumptions you should be aware of. Smith Stacy J had sold 472,337 shares worth $20.89 million on Monday, October 30. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Therefore 33% are positive. Houlihan Lokey had 4 analyst reports since December 21, 2017 according to SRatingsIntel.
Alibaba Group on Thursday said that, for the quarter ended December 31, revenue rose 56% year-over-year to RMB 83.03 billion ($12.76 billion, according to the company). UBS maintained the shares of BABA in report on Friday, August 18 with "Buy" rating.
The shares of Alibaba Group Holding Limited have increased by more than 18.48% this year alone. Currently, Alibaba Group Holding Limited (NYSE:BABA) has an average volume of 20.58 Million. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Investorplace.com and their article: "Alibaba Group Holding Ltd Earnings: Get Ready for a Blowout" published on January 29, 2018 as well as Investorplace.com's news article titled: "Beware!" Sterne Agee CRT maintained the shares of CSTM in report on Friday, October 2 with "Buy" rating. Alibaba Group Holding Ltd has a twelve month low of $100.02 and a twelve month high of $206.20.
The company reported the earnings of $1.34/Share in the last quarter where the estimated EPS by analysts was $1.27/share. Also, there are 3 buy, 0 sell and 1 strong sell ratings, collectively assigning a 1.81 average brokerage recommendation.
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