Alibaba Group Holding Limited (BABA) Receiving Positive Media Coverage, Study Finds
Media coverage about Alibaba Group Holding Limited (NYSE:BABA) has been trending positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alibaba Group Holding Limited earned a news sentiment score of 0.32 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Alibaba Group Holding Limited (BABA) Stake Cut by First Interstate Bank (eleganthomesinla.com)
- Alibaba Group Holding Limited (NYSE:BABA) versus MercadoLibre (MELI) Head to Head Analysis (americanbankingnews.com)
- [$$] Luxury Goods Are Selling Again—On Chinese Smartphones (finance.yahoo.com)
- Can Alibaba Stock Double This Year? Alibaba Group Holding Ltd (amigobulls.com)
- Blazing Stock Climbs To New Heights: Alibaba Group Holding Limited (NYSE:BABA) (campdesrecrues.com)
Shares of Alibaba Group Holding Limited (BABA) opened at 151.83 on Monday. Alibaba Group Holding Limited has a 12 month low of $80.60 and a 12 month high of $152.25. The stock has a 50 day moving average of $130.82 and a 200 day moving average of $110.09. The firm has a market cap of $384.13 billion, a price-to-earnings ratio of 60.73 and a beta of 2.62.
Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.01. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same period in the previous year, the company posted $0.47 earnings per share. On average, equities research analysts expect that Alibaba Group Holding Limited will post $4.57 EPS for the current fiscal year.
A number of equities research analysts recently commented on BABA shares. New Street Research raised shares of Alibaba Group Holding Limited from a “neutral” rating to a “buy” rating and increased their target price for the company from $95.00 to $122.00 in a research report on Tuesday, March 21st. Pacific Crest started coverage on shares of Alibaba Group Holding Limited in a research report on Wednesday, March 22nd. They set an “overweight” rating and a $134.00 target price for the company. TheStreet raised shares of Alibaba Group Holding Limited from a “c” rating to a “b-” rating in a research report on Monday, March 20th. Zacks Investment Research cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Finally, Barclays PLC started coverage on shares of Alibaba Group Holding Limited in a research report on Tuesday, March 28th. They set an “overweight” rating and a $130.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $140.69.
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About Alibaba Group Holding Limited
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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