News stories about Alibaba Group Holding Limited (NYSE:BABA) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alibaba Group Holding Limited earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 45.2871884422019 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- The Jeff Bezos Of China Just Got $1.3 Billion Richer In A Day (finance.yahoo.com)
- [$$] In charts: The rise and rise of China’s tech trinity (finance.yahoo.com)
- Edited Transcript of BABA earnings conference call or presentation 17-Aug-17 11:30am GMT (finance.yahoo.com)
- Alibaba short sellers battered after stock soars to record high (finance.yahoo.com)
- Alibaba Group Holding Limited (BABA) Price Target Raised to $190.00 (americanbankingnews.com)
Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday. Zacks Investment Research raised shares of Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a research report on Thursday, June 15th. Macquarie raised their price target on shares of Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays PLC raised their price target on shares of Alibaba Group Holding Limited from $130.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $161.00 price target (up from $144.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, June 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group Holding Limited currently has an average rating of “Buy” and an average price target of $161.60.
Alibaba Group Holding Limited (NYSE:BABA) traded up 2.18% during mid-day trading on Friday, reaching $167.50. 31,492,502 shares of the company traded hands. The company’s 50-day moving average is $152.41 and its 200-day moving average is $124.57. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $169.50. The stock has a market capitalization of $425.95 billion, a price-to-earnings ratio of 56.78 and a beta of 2.64. Alibaba Group Holding Limited also was the target of some unusual options trading on Wednesday. Investors acquired 85,508 put options on the company. This is an increase of 228% compared to the average volume of 26,062 put options.
Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 17.42% and a net margin of 28.77%. During the same period in the prior year, the company earned $0.74 earnings per share. Equities analysts predict that Alibaba Group Holding Limited will post $4.74 earnings per share for the current fiscal year.
Alibaba Group Holding Limited announced that its Board of Directors has approved a share repurchase program on Thursday, May 18th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
TRADEMARK VIOLATION WARNING: “Alibaba Group Holding Limited (BABA) Getting Somewhat Favorable News Coverage, Study Finds” was originally published by BNB Daily and is the property of of BNB Daily. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/19/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-alibaba-group-holding-limited-baba-stock-price-updated-updated-updated.html.
Alibaba Group Holding Limited Company Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is 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 (China) and internationally.
Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.