Alibaba quarterly revenue rises 61 pct

Alibaba quarterly revenue rises 61 pct

Revenue rose 61% from a year earlier, to $9.9 billion. The institutional investor held 62,005 shares of the industrial machinery and components company at the end of 2017Q4, valued at $8.37 million, up from 58,880 at the end of the previous reported quarter. The firm is scheduled to issue its next earnings report before the market opens on Friday, May 4th. It reported adjusted earnings per share of 5.73 yuan versus the 5.5 yuan average estimate. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell".

Alibaba Group Holding Limited (BABA) will report its next earnings on May 04 BMO.

This includes growth of its China commerce retail business, Alibaba Cloud and worldwide commerce retail business, and the consolidation of Cainiao Network and Intime. According to the Analysts, the Low Earnings estimate for the current quarter is $7.11, while the High earnings estimate is $10.78.Comparatively, EPS for the same quarter a year ago was $8.19.

Several research analysts recently issued reports on BABA shares.

Among 16 analysts covering Alibaba Group Holding Ltd (NYSE:BABA), 16 have Buy rating, 0 Sell and 0 Hold. Alibaba has $250.0 highest and $75 lowest target. The stock rating was maintained by Robert W. Baird with "Buy" on Monday, November 13. Robert W. Baird maintained it with "Buy" rating and $210.0 target in Monday, November 13 report. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 3, 2017 and is uptrending. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. The stock has "Buy" rating by TH Capital on Friday, October 23. About 26.26M shares traded or 44.87% up from the average. The stock increased 0.66% or $0.07 during the last trading session, reaching $10.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. The company beat the analyst EPS Estimate with the difference of $-0.02. The company has a market cap of $459,727.16, a PE ratio of 72.29, a PEG ratio of 1.08 and a beta of 2.52.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. It also reduced its holding in Praxair (NYSE:PX) by 34,340 shares in the quarter, leaving it with 33,243 shares, and cut its stake in Lending Tree Inc (NASDAQ:TREE). FDx Advisors Inc.'s holdings in Alibaba Group were worth $3,841,000 as of its most recent SEC filing. The stock increased 0.58% or $1.05 during the last trading session, reaching $182.5.

This company shares (BABA) so far managed to recover 60.04% since collapsing to its 52-week low.

News of the arrangement wasn't immediately well received by investors, who sent shares down 5.9% the day of the last earnings report, in part due to concerns that Alibaba was giving up more than it was getting. Boussard & Gavaudan Investment Management LLP grew its holdings in shares of Alibaba Group by 8.3% in the fourth quarter. Barings LLC now owns 1,535,928 shares of the specialty retailer's stock valued at $264,840,000 after buying an additional 1,514,648 shares during the last quarter. The firm also provides maintenance, repair, and overhaul services for heat transfer components; and aviation components, such as APUs, landing gears, and other aircraft components, as well as makes heat transfer solutions on original equipment manufacturing basis.

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