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.

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