tinyfav.com May 22, 2018

Joe Tsai on FY2018 Earnings, New Retail and Growth Prospects

05 May 2018, 01:44 | Melanie Burgess

UPDATE 1-Alibaba beats sales forecasts on strong commerce growth

Alibaba's sales surge continues – BBC News

The company is scheduled to announce its next quarterly earnings results before the market opens on Friday, May 4th. The company reported fiscal fourth quarter revenue of $9.87 billion, up 61 percent from a year ago. The Wall Street Journal recently reported that Ant was trying to raise $9 billion in a private funding round, which could value the company at almost $150 billion.

The consensus recommendation, according to Zacks Investment research, is 1.12.

For more Alibaba Group Holding Limited (NYSE:BABA) news posted briefly go to: Seekingalpha.com, Benzinga.com, Marketwatch.com, Livetradingnews.com or Benzinga.com. The highest sales estimate is $9.58 billion and the lowest is $8.82 billion. Return on Equity (ROE) stands at 21.5% and Return on Investment (ROI) of 8.7 percent. After $1.34 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts -47.01% negative EPS growth.

While Amazon faces uncertainty regarding more regulation on tech in the U.S., Left noted that the Chinese government is partnering with Alibaba, while the firm is weighed a secondary listing in China.

Massive Indian dust storm kills more than 70, injures scores more
The state government has announced that families of the dead will receive 400,000 rupees (about $6,000; £4,400) as compensation. Reports suggest electricity and water supply has also been affected in Nainital, Haldwani and several other remote locations.

Trump hires Clinton impeachment lawyer
Cobb and McGahn hold different views on how cooperative the White House should be with the special counsel investigation. Cobb should have more thoroughly reviewed documents and been willing to assert executive privilege.

Basketball: Drake tries to fight NBA star Kendrick Perkins - twice
This turned into a verbal altercation between Drake and Perkins that extended past the Cav's 113-112 overtime victory. In a comment on an Instagram post Tuesday night, Drake claimed , "I just said I like the hem on his capris".

A total of 16 analysts rate Alibaba Group Holding Ltd (NYSE:BABA) as follows: 16 "Buy", 0 "Hold" and 0 "Sell". With $250.0 highest and $210.0 lowest price target, Alibaba Group Holding Ltd has $225.21 average price target or 25.05% above the current ($180.103) price. $225.21's average target is 24.12% above currents $181.45 stock price. The rating was maintained by Robert W. Baird on Thursday, February 1 with "Buy". Finally, MKM Partners boosted their target price on shares of Alibaba Group to $260.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, October 28. On Wednesday, September 2 the stock rating was upgraded by Vetr to "Strong-Buy". About 295,579 shares traded. Closing price generally refers to the last price at which a stock trades during a regular trading session.

The company's ATR (Average True Range) is 0.13. The firm has a market capitalization of $464,721.41, a price-to-earnings ratio of 72.69, a price-to-earnings-growth ratio of 1.12 and a beta of 2.52. The quarter was the first since Alibaba acquired a one-third stake in Ant Financial, replacing an earlier profit share agreement under which Ant paid royalty fees to Alibaba equivalent to 37.5 per cent of its pretax profits. BlackRock Inc. grew its holdings in shares of Alibaba Group by 2.6% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer's stock valued at $104,000 after acquiring an additional 580 shares during the period. The stock has climbed 57 percent in the last 12 months. The company's outstanding shares are 4.46 Billion. It also upped Barclays Bk Plc (Put) stake by 678,900 shares and now owns 2.51 million shares. Wellington Management Gp Llp holds 0.09% or 2.93M shares. The stock increased 1.81% or $0.017 during the last trading session, reaching $0.9571.

Several other large investors have also made changes to their positions in the company.

TRADEMARK VIOLATION NOTICE: This news story was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. Oppenheimer maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Monday, June 26. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Other News

Trending Now

Fellaini: What the manager told me before I came on
Moments later, United had a problem as Lukaku was left limping after a challenge from deubtant Mavropanos and Marcus Rashford had to replace him.

Sunny and warm again for Thursday
May is starting on a much warmer note, with the temperature expected to reach 82 degrees in Providence on Wednesday and Thursday. Worcester's average temperature was 40.9 degrees, its 3rd coldest on record, while Hartford's 44 degrees was its 6th coldest.

Iconic guitar maker Gibson files for bankruptcy protection
That business includes the brands KRK, Cerwin Vega and Stanton, whose lines include studio monitors, headphones and turntables. Founded in 1894 and based in Nashville, Tennessee, Gibson has the top market share in premium electric guitars.

US Embassy vehicle involved in Islamabad accident; 2 injured
The deceased family had since petitioned the High Court, asking that the diplomat's name be placed on the Exit Control List. Another US diplomat has hit motorcyclists in Islamabad , injuring two persons including one in critical condition.

NFL Draft: Pittsburgh Steelers find a steal in Mason Rudolph
The Steelers still see plenty of upside in Rudolph, though, and he could be the heir apparent for Roethlisberger when he retires. With the 76th pick, the Steelers took Washington's quarterback, Mason Rudolph , keeping the record-setting duo together.

Windows 10 RS4 April update launches today
Windows Update ensures that your PC passes all of Microsoft's checks and won't run into any problems once the update is installed. Cortana , the digital assistant by Microsoft, has been updated to leverage the new Dictation feature.

Tottenham overcome nervy start to pad top-four lead over chasing Chelsea
Meanwhile, Eriksen's audacious effort from distance had Karnezis scrambling across his goal, but drifted wide of the target. But within three minutes of the restart, the door appeared to be closed on any potential Watford comeback.

Everything you need to know about Fortnite Season 4
Namely, the long-awaited and highly anticipated theory crafted event of a Meteor crashing on Fortnite's Map has finally occurred. Fortnite's original Save the World co-op mode also got a hefty update , adding a new story mission series called Blockbuster.

Prosecutors: Bill Cosby sexual-assault conviction will stand
Planned Parenthood issued a statement in defense of Bill Cosby after the comedian was convicted of felony sexual assault. Meanwhile, the jury forewoman released a statement to say that the verdict was based exclusively on the evidence.

China cites North Korean leader as saying denuclearisation is resolute position
"US President Donald Trump has started claiming credit for the Kim-Trump summit before it even starts", it said . His father and grandfather ran their country, and ran it into the ground, as a hermetically sealed kingdom.