Stifel: Alibaba Group Holding Ltd (BABA) Remains A Top Pick

Alibaba profit nearly doubles on robust revenues

Despite a broad market selloff yesterday, BABA stock pushed higher to a gain of almost 3% following another stellar quarter. Alibaba Group Hldg Ltd now has $432.63 billion valuation.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA.

Alibaba Group Holding Limited (NYSE:BABA) notched a 2.77% intraday gain moving at $163.92. West Oak Capital LLC now owns 950 shares of the specialty retailer's stock worth $134,000 after buying an additional 425 shares during the last quarter. Sit Investment Associates Inc. raised its stake in shares of Alibaba Group Holding Limited by 8.1% in the second quarter. Finally, Diversified Trust Co boosted its position in Alibaba Group Holding Limited by 2.2% in the second quarter.

Since January 1, 0001, it had 0 buys, and 5 selling transactions for $1.27 million activity.

About 3.35 million shares traded. Further, Cloud continues to demonstrate increasing scale (1MM+ customers) and hyper-growth (96% Y/Y) while inching closer to breakeven.

The company now has a P/E ratio of 64.87 and market capitalization is 414.72B. Martin Currie Ltd acquired 43,100 shares as Alibaba Group Hldg Ltd (BABA)'s stock rose 22.58%. Volume was up 439.67% over the stocks average daily volume. (NYSE:BABA) saw its shares jump higher in pre-market trading after the China-based e-commerce giant saw its first-quarter profit and sales growth beat expectations. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. The company had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period past year, the business earned $0.74 earnings per share. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Hermes Investment Management Ltd increased its stake in Alibaba Group Hldg Ltd (BABA) by 7.8% based on its latest 2016Q4 regulatory filing with the SEC. If you are viewing this report on another domain, it was illegally stolen and republished in violation of USA & global trademark & copyright laws.

The following firms have also recently changed their position in BABA. RBC Capital Markets maintained the shares of BABA in report on Monday, August 14 with "Buy" rating. Alibaba Group Holding Limited's average EBITDA per Share Growth Rate was -20.1 percent during the past 12 months. The company was maintained on Friday, August 12 by Morgan Stanley. KeyCorp set a $182.00 price target on Alibaba Group Holding Limited and gave the company an "overweight" rating in a research report on Friday. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the company's stock. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 1.70.

Alibaba attributed at least some of the cloud growth to several new products that allow companies to more easily migrate their data to cloud services, including Cloud Storage Gateway a system created to integrate on-premise data with the Alibaba cloud, a current trend in cloud migration.



Latest news

Pittella calls on European Union to provide 'utmost urgent' help to Sierra Leone
Officials at Freetown's central morgue said yesterday that 105 of the more than 300 officially dead were children. Deforestation for firewood and charcoal is another leading contributor to flooding and mudslides.

Bryan Robson 'surprised' when Jonny Evans left Manchester United
City have been scouring for a domineering presence at centre-back with moves lined up for Virgil Van Dijk and Leonardo Bonucci. Manchester City have made an initial approach to Premier League rivals West Brom for defender Jonny Evans , it is understood.

Grace Mugabe kept cops waiting 'all day': Mothiba
Nel also revealed that they would be "monitoring the procedure every step of the way" and if all else fails they will take the private prosecution route.

Floyd Mayweather to Open Mayweather Boxing & Fitness in Southern California
UFC chief Dana White admits he first thought Conor McGregor's fight with Floyd Mayweather was a "crazy idea" that would never come to fruition.

The cause of the fatal helicopter crash investigations continue
The helicopter was traveling at a 45-degree angle when it descended into the trees and caught fire after the crash. Both men killed in the helicopter crash connected to the violent Charlottesville rally have East Tennessee ties.

Mattis: Any missile threatening Guam would be shot down
Lobbing missiles toward Guam, a major USA military hub in the Pacific, would be deeply provocative from the US perspective. But it warned that he could change his mind "if the Yankees persist in their extremely risky reckless actions".

Sierra Leone mudslide death toll tops 400
Sierra Leone President Ernest Bai Koroma told media the devastation was "overwhelming" the country, and called for worldwide aid. The British Red Cross reported that its volunteers have already saved 71 people from the mud and the debris.

Trump signs executive order to speed infrastructure permitting process
Trump later said the EO "also requires agencies to work together efficiently by requiring one lead agency for each major infrastructure project".

German growth slower, but still strong ahead of election
The preliminary estimate showed GDP growth rose by 0.6% between April-June compared with the same period past year . Gross domestic product in Europe's largest economy rose by 0.6% in the April-June period.

Trump advisers signal the knives are out for Bannon
Bannon since the spring. "I'll pretend those are "Mooches" and not 'boos, ' Steven", he said walking out to "Bohemian Rhapsody". About his fast departure from the White House, Scaramucci said "I thought I'd last longer than a carton of milk".

Scores feared killed in Nigeria's market attack
Local media also reported fresh attacks and casualties in some villages in Amarwa along Maiduguri-Konduga Road in Borno state . They then went to the nearby camp for people displaced by Nigeria's conflict and simultaneously detonated their explosives.

3 killed in shooting at USA auto racing event
All three victims were from IL and at least two were from Aurora, Ill., said Beth, who spoke to distraught friends of the victims. No suspects were arrested and no one else was injured. "At this point we're not aware of exactly what caused this", Beth said.

Trump orders review of Chinese trade practices
China, including Hong Kong, accounted for 87 per cent of all counterfeit goods seized in 2015, it said. Xi, in his phone conversation with Trump, urged calm, the officials said.

Dele Alli: 'Important for Tottenham Hotspur to stay professional'
Eriksen had the mainstay of efforts on goal, but all were from distances and all were stopped easily by Elliot. The game was now clearly in their favour and it was a matter of time before they would open the scoring.

Tropical Storm Gert forms in the Atlantic, no threat to United States
The seventh named storm of the 2017 Atlantic hurricane season formed in the Atlantic Ocean east of the Bahamas this afternoon. As of Sunday evening, TS Gert has winds of 40 MPH and it's center of circulation is 600 miles off the coast of Myrtle Beach.

Other news