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Nasdaq BABA Alibaba

Notable ETF Inflow Detected - IEMG, BABA, JD, BIDU

Nasdaq BABA Alibaba
5 years 4 months ago
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core MSCI Emerging Markets ETF (Symbol: IEMG) where we have detected an approximate $428.9 million dollar inflow -- that's a 0.5% increase w
BNK Invest

Here's My Top Value Stock to Buy Right Now

Nasdaq BABA Alibaba
5 years 4 months ago
Everyone wants more for less, and stock market investors are no exception. As they research potential value stocks to add to their portfolio, they might want to take a look at Chinese tech giant Alibaba (NYSE: BABA).Alibaba is a great way to bet on the red-hot e-commerce industry
The Motley Fool

Consumer Sector Update for 05/18/2021: SSP,AMZN,BABA,WMT,IQ

Nasdaq BABA Alibaba
5 years 4 months ago
Consumer stocks were ending little changed in Tuesday trading, with the SPDR Consumer Staples Select Sector ETF dropping less than 0.1% while the SPDR Consumer Discretionary Select Sector ETF was slipping 0.4%.In company news, EW Scripps (SSP) was ending about 1.1% higher after t
MTNewswires

Consumer Sector Update for 05/18/2021: IQ,WMT,BABA

Nasdaq BABA Alibaba
5 years 4 months ago
Consumer stocks were narrowly split between gainers and decliners in Tuesday trading, with the SPDR Consumer Staples Select Sector ETF dropping less than 0.1% while the SPDR Consumer Discretionary Select Sector ETF was rising 0.1%.In company news, iQIYI (IQ) rose over 11% after t
MTNewswires

JD.com Looks to Raise $3.4 Billion in Logistics IPO

Nasdaq BABA Alibaba
5 years 4 months ago
JD Logistics, the transportation and logistics arm of JD.com (NASDAQ: JD), is set to hit the market this week in an initial public offering that could see it fetch $3.4 billion.The IPO would be the second biggest listing this year in Hong Kong behind the launch of a Chinese viral
The Motley Fool

3 Top Consumer Discretionary Stocks to Buy Now

Nasdaq BABA Alibaba
5 years 4 months ago
After getting shellacked during the pandemic, consumer discretionary stocks are now back in vogue. With the reopening now in full speed, sectors like travel, entertainment, and dining have bounced back. Consumers anticipate a strong recovery thanks to pent-up demand for activitie
The Motley Fool

BABA June 2023 Options Begin Trading

Nasdaq BABA Alibaba
5 years 4 months ago
Investors in Alibaba Group Holding Ltd (Symbol: BABA) saw new options begin trading today, for the June 2023 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 763 days until expiration the newly trading con
BNK Invest

Better Buy: Tencent vs. Apple

Nasdaq BABA Alibaba
5 years 4 months ago
Last May, I compared Tencent (OTC: TCEHY) to Apple (NASDAQ: AAPL). I owned both stocks at the time, but I declared that Tencent's better diversification, lower exposure to the pandemic, and stronger growth rates all made it a more compelling buy than Apple.But over the past 12 mo
The Motley Fool

Alibaba Reports First-Ever Loss Since IPO; Stock Falls 6%

Nasdaq BABA Alibaba
5 years 4 months ago

Chinese e-commerce and cloud computing powerhouse Alibaba (BABA) reported Fiscal 2021 fourth-quarter results that showed its first-ever operating loss since its IPO in 2014. Alibaba stock fell 6.29% on Thursday.

Revenue came in at 187.4 billion yuan, increasing 64% year-over-year and beating the consensus estimate of 179.9 billion yuan. The company's flagship commerce business continued to be a bright spot with the pandemic accelerating the shift to online shopping. Alibaba finished the year with 811 million active shoppers on its China retail marketplaces, marking an increase of 32 million from a year ago.

Although business appeared to be booming, Alibaba reported an operating loss of 7.7 billion yuan, marking its first quarterly loss as a public company. A major contributor to the loss was the 18.2 billion yuan antitrust fine that Chinese regulators slapped on the company in April. Without the fine, it would have reported an operating profit of 10.6 billion yuan.

“We remain very excited about the growth of China’s consumption economy, which is benefiting from the acceleration of digitalization in all aspects of life and work,” commented Alibaba CEO Daniel Zhang.

Alibaba closed the quarter with a cash balance of 473.6 billion yuan. It plans to ramp up spending in Fiscal Year 2022 as it pursues new growth opportunities. It forecast revenue for the year at 930 billion yuan, indicating nearly 30% growth. (See Alibaba stock analysis on TipRanks).

Following the results, Stifel analyst Scott Devitt maintained a Buy rating but lowered the price target to $280 from $290 on Alibaba stock. Devitt's new price target implies 35.87% upside potential to current levels.

“We are adjusting our estimates to reflect elevated investment in FY:22 as the company reinvests incremental profit to support long term growth,” noted Devitt.

Consensus among analysts on Wall Street is a Strong Buy based on 22 Buy and 1 Hold ratings. The average analyst price target of $307.96 implies 49.4% upside potential to current levels.

BABA scores a 9 out of 10 on TipRanks’ Smart Score rating system, indicating that the stock will likely outperform the market.

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