Alibaba quarterly profits nearly double to $1.55 bn

Postado Mai 19, 2017

The apparently higher-than-expected tax rate was one of the few disappointments in the Alibaba earnings report; 60% growth off a $3.5 billion base is a feat that only a handful of companies have ever been capable of achieving. The stock has a 1-year performance up 67.67% and positive at 1.83% in last five trading sessions. Wedbush maintained the shares of BABA in report on Wednesday, January 25 with "Neutral" rating. Oppenheimer maintained the shares of BABA in report on Thursday, September 17 with "Outperform" rating. Vetr lowered shares of Alibaba Group Holding from a "strong-buy" rating to a "buy" rating and set a $129.84 price target on the stock.in a research note on Monday, May 8th. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.72 on scale of 1-5. The firm has "Buy" rating given on Thursday, November 3 by Jefferies.

While looking at the Stock's Performance, Alibaba Group Holding Limited now shows a Weekly Performance of 0.62%, where Monthly Performance is 8.53%, Quarterly performance is 18.88%, 6 Months performance is 34.48% and yearly performance percentage is 52.14%. The company had a trading volume of 8,565,052 shares. A significant increase in trading volume means that more than double the average amount of stocks are moving. Over the past month the firm's stock is 8.53%, 18.88% for the last quarter, 34.48% for the past six-months and 52.14% for the previous year. The firm has a market capitalization of $300.56 billion, a PE ratio of 55.6868 and a beta of 2.73. RBC Capital Markets maintained Alibaba Group Holding Ltd (NYSE:BABA) rating on Friday, January 29. If you are reading this piece of content on another website, it was copied illegally and republished in violation of global copyright and trademark legislation. The rating was upgraded by Raymond James on Friday, August 12 to "Strong Buy".

A number of hedge funds have recently added to or reduced their stakes in BABA. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/alibaba-group-holding-ltd-baba-stake-raised-by-c-worldwide-group-holding-a-s-updated/727284.html. Finally, Apriem Advisors increased its position in shares of Alibaba Group Holding by 14.2% in the third quarter. The stock rose 0.84% or $1.01 reaching $121.73 per share.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, BABA earned gross profit of 39.14 Billion, in 2015 52.37 Billion gross profit, while in 2016 Alibaba Group Holding Limited (BABA) produced 66.79 Billion profit.

Alibaba, which also owns the South China Morning Post, operates four major business segments, divided into e-commerce, digital media and entertainment, innovation initiatives and cloud computing.