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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.

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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.



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