Published: Sat, May 05, 2018
Markets | By Erika Turner

Commerce, Cloud Computing Drove Alibaba Group Holding Ltd (BABA) Earnings Higher

Commerce, Cloud Computing Drove Alibaba Group Holding Ltd (BABA) Earnings Higher

Harel Insurance Investments & Financial Services Ltd. now owns 4,086 shares of the specialty retailer's stock valued at $705,000 after buying an additional 290 shares during the last quarter. Sfe Investment Counsel who had been investing in Microchip Technology Inc for a number of months, seems to be bullish on the $20.18 billion market cap company. About 45.48M shares traded or 150.90% up from the average. Pulse Biosciences, Inc. (NASDAQ:PLSE) has declined 60.62% since May 4, 2017 and is downtrending. It has underperformed by 19.44% the S&P500. Wall Street now sees -47.01 % negative EPS growth despite Alibaba Group Holding Limited previous quarter's EPS of $1.34. The company's stock popped up 3.18% while Indus Capital Partners Llc bought 611,788 shares. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). The company has reported a massive 61 percent increase in revenues on a year-over-year basis, and there's two big catalysts that drove the impressive rise. The stock increased 5.05% or $0.23 during the last trading session, reaching $4.78.

Average Revenue Estimate of the company for the current Fiscal Quarter is $1.42 Billion, according to consensus of 11 analysts.

For more Alibaba Group Holding Limited (NYSE:BABA) news announced briefly go to: Investorplace.com, Marketwatch.com, Benzinga.com, Benzinga.com or Seekingalpha.com.

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Alibaba Group Holding Ltd (NYSE:BABA), a Services sector firm, traded 26.07 Million shares in last trading session and stock added 0.55% with closing price of $182.45 per share. Therefore 55% are positive. Alibaba Group has a 1-year low of $114.00 and a 1-year high of $206.20. Finally, Barclays set a $220.00 price target on shares of Alibaba Group and gave the stock a "buy" rating in a research note on Thursday, April 5th. Phoenix Group Holdings had 85 analyst reports since July 23, 2015 according to SRatingsIntel. On Thursday, January 25 the company was maintained by KeyBanc Capital Markets. Compass Point downgraded the stock to "Neutral" rating in Thursday, January 12 report. Also, Alibaba Group Holding Limited (BABA) needs to expand a 56.52% increase it experienced over the past twelve months. In Monday, November 13 report Robert W. Baird maintained the stock with "Buy" rating. The firm has "Overweight" rating given on Tuesday, August 22 by Atlantic Securities. TH Capital maintained the stock with "Hold" rating in Friday, August 14 report. If the $7.78 price target is reached, the company will be worth $2.87 million less. The firm has "Outperform" rating given on Friday, August 11 by Robert W. Baird. The stock has "Hold" rating by Jefferies on Thursday, July 13.

For the ongoing Fiscal Quarter, 15 analysts have an average earnings forecast of $9.15 per share. Alibaba Group presently has an average rating of "Buy" and an average price target of $213.26. Finally, Raymond James boosted their price target on Alibaba Group to $240.00 and gave the company a "strong-buy" rating in a research report on Friday, February 2nd. The company was downgraded on Monday, September 21 by Zacks. The stock has "Underperform" rating by Bank of America on Monday, August 3. The rating was maintained by Oppenheimer on Wednesday, October 28 with "Outperform". The stock has "Hold" rating by Seaport Global on Wednesday, January 10. The firm earned "Sell" rating on Monday, April 4 by Goldman Sachs.

Alibaba Group Holding Limited (BABA) has the market capitalization of $446.52 Billion.

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