Cornerstone Advisors Inc. boosted its stake in shares of Alibaba Group Holding by 2.5% in the second quarter. About 11.72 million shares traded hands or 12.05% up from the average. Tokio Marine Asset Management Co.
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06/21/2016 – Alibaba.com had its “buy” rating reiterated by analysts at Goldman Sachs. Baird reissued an “outperform” rating and set a $94.00 target price on shares of Alibaba Group Holding in a research report on Tuesday, June 21st. The company reported the earnings of $3.02/Share in the last quarter where the estimated EPS by analysts was $3.6/share. 1 Month Ago, the stock has been rated as “Buy” from 10 Analysts.
Several other brokerages also recently weighed in on BABA. In the research note, the firm Raises the price-target to $110.00 per share.
Chinese e-commerce giant Alibaba Group Holding Ltd. will report earnings for its fiscal first quarter that ended June 30 on Thursday before the US market opens.
While looking at the Stock’s Performance, Alibaba Group Holding Limited now shows a Weekly Performance of 0.78%, where Monthly Performance is 7.61%, Quarterly performance is 7.04%, 6 Months performance is 39.12% and yearly performance percentage is 7.84%. Finally, Vetr cut Alibaba Group Holding from a “strong-buy” rating to a “buy” rating and set a $88.81 target price on the stock.in a research report on Wednesday, April 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-seven have issued a buy rating to the stock. They now have a United States dollars 95 price target on the stock. The stock’s 50 day moving average price is $81.39 and its 200-day moving average price is $76.22. The 52-week high of the shares is $86.42 and the 52 week low is $57.2. The Market Capitalization of the company stands at 207.93 Billion.
Alibaba Group Holding (NYSE:BABA) last announced its quarterly earnings results on Thursday, May 5th. In the past session approximately 3.39 million shares were exchanged against the average daily trading volume of 4.5 million shares. For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.68 per share according to consensus of 22 analysts.
The UBS team is expecting revenue of Rmb29.92 billion for the fiscal first quarter, compared to Wall Street’s estimate of Rmb30.5 billion.
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Alibaba Group Holding Limited (NYSE:BABA) after beginning at $85.05, closed at $85.24 by building up +0.28% in recent trading session. 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 consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers (AliExpress).
