Alibaba Group Holding Limited (NYSE:BABA)

Mae Love
December 7, 2017

Shares of Alibaba Group (BABA) traded down $0.62 on Wednesday, reaching $168.96. Shine Investment Advisory Services Inc. purchased a new stake in shares of Alibaba Group during the 2nd quarter valued at approximately $102,000. The stock exchanged hands with 35,726,373 numbers of shares compared to its average daily volume of 18.06M shares. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned "Buy" rating by Cantor Fitzgerald on Wednesday, August 12. It has outperformed by 40.63% the S&P500. Given that its average daily volume over the 30 days has been 2.82 million shares a day, this signifies a pretty significant change over the norm. It offers performance hard disk drives that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are created to enhance the performance in various enterprise workload environments. It has a 15.48 P/E ratio. The firm also provides system solutions that offer petabyte scalable capacity; data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop and notebook PCs, gaming consoles, security surveillance systems, and set top boxes.

Analysts are also projecting an Average Revenue Estimate for Alibaba Group Holding Limited as $11.99 Million in the Current Quarter. They expect $1.45 earnings per share, up 33.03% or $0.36 from last year's $1.09 per share. TeleTech Holdings had 5 analyst reports since August 7, 2015 according to SRatingsIntel.

The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Therefore 94% are positive. The rating was upgraded by Zacks on Saturday, August 22 to "Sell". More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: "Investorplace.com and their article: "Buy Alibaba Group Holding Ltd Stock While It's On Sale" published on December 05, 2017 as well as Investorplace.com's news article titled: "Alibaba Group Holding Ltd Is Getting Grilled â€" What You Need to Know" with publication date: "November 29, 2017. Oppenheimer reaffirmed a "buy" rating and set a $220.00 price objective (up from $200.00) on shares of Alibaba Group in a research note on Monday, November 6th. The rating was upgraded by Standpoint Research to "Accumulate" on Monday, January 9. (NASDAQ:BOJA) on Tuesday, October 10 with "Buy" rating.

The company P/E (price to earnings) ratio is 47.53 and Forward P/E ratio is 25.73. Wedbush maintained it with "Neutral" rating and $80 target in Wednesday, October 28 report. Royal Bank Of Canada boosted their price target on Alibaba Group from $160.00 to $185.00 and gave the stock an "outperform" rating in a research report on Friday, August 18th.

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The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $441.26B. It also reduced Transunion stake by 17,030 shares and now owns 164,121 shares. Home Depot Inc (NYSE:HD) was raised too.

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Ratings analysis reveals 83% of Western Digital's analysts are positive. For the most recent quarter, quick ratio was 1.7, current ratio was 1.7, LT Debt/Equity ratio was 0.23 and Total Debt/Equity ratio stands at 0.28, while Payout ratio is 0. Bank of America increased their price target on shares of Alibaba Group from $180.00 to $193.00 and gave the stock a "buy" rating in a research report on Friday, August 18th. Stifel Nicolaus maintained the shares of MSA in report on Thursday, October 5 with "Buy" rating. The firm earned "Overweight" rating on Wednesday, August 2 by Barclays Capital. As per Thursday, January 26, the company rating was maintained by Stifel Nicolaus. The firm earned "Outperform" rating on Thursday, December 1 by RBC Capital Markets. As it upholds an amended rate with more EPSGR it is prone to be a good target. The stock witnessed -7.78% declines, 0.49% gains and 34.48% gains for the 1-month, 3-month and 6-month period, respectively.

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