Thursday, 24 May, 2018

FDx Advisors Inc. Acquires 1363 Shares of Alibaba Group (BABA)

Alibaba Group Holding Limited Stock Overbought FDx Advisors Inc. Acquires 1363 Shares of Alibaba Group (BABA)
Heather Davidson | 05 May, 2018, 01:42

The China e-commerce leader reported revenue of $9.9 billion, beating the consensus estimate of $9.2 billion. Nine analysts have issued estimates for Alibaba Group's earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $0.76.

The prominent short seller recommended buying shares of the Chinese e-commerce giant prior to it quarterly earnings report, slated for before the opening bell on Friday. The firm is scheduled to issue its next earnings report before the market opens on Friday, May 4th.

Alibaba on May 4 reported revenue of 61.9 billion yuan ($9.87 billion) in the quarter to March 31, an increase of 61 percent year-on-year and above the average analyst estimate of 58.9 billion yuan, according to Thomson Reuters data. These analysts have also projected a Low Estimate of $0.36/share and a High Estimate of $1.07/share.

Bloomberg Intelligence analyst Ling Vey-Sern said in a research note that "Alibaba's margins may continue to decline", due to the ongoing impact of investments in offline businesses such as logistics company Cainiao, Intime Department Store and supermarket operator Hema. The stock of Alibaba Group Holding Limited (NYSE:BABA) has "Reduce" rating given on Thursday, April 20 by Standpoint Research.

The company expects overall revenue growth above 60 percent for fiscal 2019, which reflects its confidence in core business as well as in new businesses. The Return on Equity (ROE) value stands at 21.5%.

Earnings per share growth is defined as the percentage change in normalised earnings per share over the previous 12 month period to the latest year end. Stifel Nicolaus reiterated a "buy" rating and set a $230.00 price target (up from $210.00) on shares of Alibaba Group in a report on Sunday, January 28th.

Alibaba's ADSs traded up around 2% in Friday's premarket session, at $186.12 in a 52-week range of $114.00 to $206.20. $39.79's average target is 13.07% above currents $35.19 stock price. The firm has "Buy" rating given on Wednesday, February 28 by Robert W. Baird. On Friday, April 27 the stock of Alibaba Group Holding Limited (NYSE:BABA) earned "Buy" rating by RBC Capital Markets. On Wednesday, September 2 the stock rating was upgraded by Vetr to "Strong-Buy". The stock increased 0.66% or $0.07 during the last trading session, reaching $10.75. The firm has a market capitalization of $464,721.41, a P/E ratio of 72.69, a PEG ratio of 1.12 and a beta of 2.52.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. China Renaissance Securities (US) Inc. maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Thursday, January 25. DnB Asset Management AS now owns 299,459 shares of the specialty retailer's stock worth $51,636,000 after buying an additional 43,020 shares during the period. OppenheimerFunds Inc. grew its holdings in shares of Alibaba Group by 7.5% in the fourth quarter. Barings LLC lifted its holdings in shares of Alibaba Group by 7,117.7% during the 4th quarter. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of -6.51% from last close price of 15.51 and act as support or resistance of price limit. Finally, Boussard & Gavaudan Investment Management LLP lifted its holdings in shares of Alibaba Group by 8.3% during the 4th quarter. DnB Asset Management AS increased its position in shares of Alibaba Group by 16.8% during the fourth quarter.

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