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Alibaba quarterly revenue rises 61 pct

05 May, 2018, 01:42 | Author: Samuel Sharp
  • Earnings

TAT Technologies Ltd. (NASDAQ:TATT) has risen 6.43% since May 4, 2017 and is uptrending. The firm is scheduled to issue its next earnings report before the market opens on Friday, May 4th.

The company's March-quarter revenue grew 61 percent to 61.9 billion yuan ($9.73 billion) from a year earlier, beating analyst estimates of a 53 percent increase.

Alibaba's 33% stake in mobile payments company Ant Financial is also underestimated by the Street and should be priced into the stock, wrote the widely followed short seller.

Marathon Trading Investment Management Llc increased Baidu Inc (NASDAQ:BIDU) stake by 1,900 shares to 3,300 valued at $773,000 in 2017Q4. On Thursday, February 1 Bank of America maintained Alibaba Group Holding Limited (NYSE:BABA) rating. 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's cloud-computing unit saw huge growth as revenue spiked 103% year-over-year to 4.385 billion yuan. During the same period in the prior year, the business posted $1.30 earnings per share. sell-side analysts anticipate that Alibaba Group will post 3.99 EPS for the current year.

While Amazon faces uncertainty regarding more regulation on tech in the U.S., Left noted that the Chinese government is partnering with Alibaba, while the firm is weighed a secondary listing in China.


Alibaba Group Holding Limited (BABA) analysts on average have given a price target of $217.63 on BABA stock. Alibaba Group Holding Ltd has $250.0 highest and $210.0 lowest target. A frequently used tool among technical stock analysts is the moving average. The firm has "Buy" rating given on Wednesday, February 28 by Robert W. Baird. Stifel Nicolaus increased their price objective on shares of Alibaba Group from $230.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. The company has market cap of $319.68 million. Through this figure traders can analyze that SBH show whether or not a stock now most active and standing in buying side or sell side. About 26.26M shares traded or 44.87% up from the average. SBH has diverse figures for different time frames; starting from week's performance it has positive performance of 0.12% in last five regular trading sessions. Its Average True Range (ATR) value figured out at 1.33.

Maximum and minimum EPS estimate for the current quarter is projected at $10.78 and $7.11, respectively, according to 15 analysts. For a total of 22,000 shares it reduced its holding in Spdr Gold Trust (Call) (GLD) by 618,000 shares in the quarter, and has cut its stake in Bitauto Hldgs Ltd (NYSE:BITA). Prime Capital Investment Advisors LLC's holdings in Alibaba Group were worth $367,000 at the end of the most recent reporting period. (NASDAQ:SHLM). Alpha Windward Ltd Limited Liability Company stated it has 13,680 shares. The Lomas Capital Management Llc holds 143,798 shares with $24.79 million value, down from 149,121 last quarter.

For the full year, Alibaba reported earnings per ADS of $5.24 and revenues of $39.9 billion. BlackRock Inc. lifted its holdings in shares of Alibaba Group by 2.6% during the 4th quarter.

The company said its annual base of active years rose by 37 million to reach 552 million; its monthly active user count reached 617 million, up by the same factor of 37 million.

Several other large investors have also made changes to their positions in the company.

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