Published: Sat, August 19, 2017
Economy | By Annette Adams

Alibaba Group Holding Limited (BABA) PT Raised to $180.00

Alibaba Group Holding Limited (BABA) PT Raised to $180.00

It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. After all, Hong Kong's Hang Seng index is up 23% so far in 2017. The stock, after opening at $4.7, touched a high of $4.9 before paring much of its gains. Vetr's target price would indicate a potential upside of 6.80% from the stock's current price. Next quarter's EPS is estimated at $0.97 with next year's EPS anticipated to be $6.30. This number implies a huge 80% sequential and 58% YoY earnings growth. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.73 by $0.44. The high and low revenue estimates for the current quarter are $78.86 Billion and $67.92 Billion, respectively. Alibaba had 120 analyst reports since August 12, 2015 according to SRatingsIntel. The Amazon of China did not disappoint, in spite of this being a seasonally weak quarter. ADRE (BLDRS Emerging Markets 50 ADR, Expense Ratio 0.30%) has the highest weighting to BABA with a notable 15.20% allocation, while there are several other funds with more than 10% slices dedicated to the stock.

CEO Daniel Zhang confirmed as well that the company led an investment of $1.1 billion in Tokopedia a retailer in Southeast Asia adding to its growing network of assets for that region.

The Hong Kong-based company said it had net income of 83 cents per share. Addition of new users, higher traffic and increased personalization contributed to the strong growth. An interesting part of the core commerce performance was the 136% YoY increase in the worldwide commerce retail, which came in at $382.91 million. As per Sunday, June 11, the company rating was maintained by Bank of America. Webster Bank N.A. boosted its position in Alibaba Group Holding Limited by 25.0% in the first quarter.

Revenue from its cloud business grew by 96 percent to reach RMB 2.4 billion this quarter, with paying customers reaching one million, up from 577,000 past year. It also reduced its holding in Analog Devices Inc (NASDAQ:ADI) by 555,636 shares in the quarter, leaving it with 315,472 shares, and cut its stake in Amgen Inc (NASDAQ:AMGN).

Revenue from digital media and entertainment operations increased 30 percent 4.0 billion.

Worldwide revenues reached 2.6 billion yuan in the latest quarter, up 136 percent year-on-year. 3,300 were reported by Perkins Investment Management.

Technicals fall in place for Alibaba stock.

Alibaba thoroughly dominates e-commerce in China mainly through its Taobao platform, and its continued strong earnings performances have underlined the strength of the sector even as the country's broader economic growth has slowed.

This stock (BABA) is ahead of its 52-week low with 90.58%. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. Its last month's stock price volatility remained 2.29% which for the week stands at 2.54%. However, the Bollinger Bands are suggesting an overbought condition.

The goal of a stock price analysis is to study the behaviour of stock prices.

Meanwhile, Alibaba Cloud continues to expand its global footprint and customer base. The company holds 2.56 billion outstanding shares and 752.26 million shares are floating in market. Alibaba stock at these levels is definitely not cheap but Neil Campling of Northern Trust Capital Markets makes an important point.

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