Alibaba Group (BABA) Shares Bought by Johanson Financial Advisors Inc
05 May, 2018, 01:44 | Author: Melinda Barton
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. The hedge fund run by Thomas E. Claugus held 3.60 million shares of the energy company at the end of 2017Q4, valued at $34.71 million, up from 2.76M at the end of the previous reported quarter.
Alibaba on May 4 reported revenue of 61.9 billion yuan ($9.87 billion) in the quarter to March 31, an increase of 61 percent year-on-year and above the average analyst estimate of 58.9 billion yuan, according to Thomson Reuters data. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The consensus recommendation for stock is 1.70. On Thursday, February 1 Bank of America maintained Alibaba Group Holding Limited (NYSE:BABA) rating. Net income of $1.2 billion came in ahead of the FactSet consensus estimate for $1.1 billion.
The company expects overall revenue growth above 60 percent for fiscal 2019, which reflects its confidence in core business as well as in new businesses. The Return on Investment and Return on Equity (ROE) values are 22.3 percent and -56.4 percent, respectively. The stock decreased 1.29% or $2.347 during the last trading session, hitting $180.103.Alibaba Group Holding Limited has volume of 12.89M shares.
BABA has been the topic of several research analyst reports.
Among 16 analysts covering Alibaba Group Holding Ltd (NYSE:BABA), 16 have Buy rating, 0 Sell and 0 Hold. Nomura reiterated a "buy" rating and set a $219.00 price target (down from $221.00) on shares of Alibaba Group in a report on Tuesday, January 9th. Robert W. Baird maintained it with "Buy" rating and $210.0 target in Monday, November 13 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) has "Buy" rating given on Monday, August 24 by Standpoint Research. The stock has "Buy" rating by Brean Capital on Friday, January 29. On Wednesday, September 2 the stock rating was upgraded by Vetr to "Strong-Buy". About 3.14M shares traded. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97. The low EPS estimate is $0.05, while the high EPS estimate is $0.06. The stock has a market capitalization of $464,721.41, a P/E ratio of 72.69, a price-to-earnings-growth ratio of 1.12 and a beta of 2.52. Wedbush Securities Inc.'s holdings in Alibaba Group were worth $1,918,000 as of its most recent SEC filing. The stock increased 1.09% or $1.95 during the last trading session, reaching $181.45. Gmt Capital Corp bought 846,400 shares as the company's stock declined 10.69% with the market.
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. While it's Return on Investment (ROI) value is 8.7%. Tygh Capital Mngmt Inc owns 193,264 shares or 0.35% of their United States portfolio. Finally, Wagner Wealth Management LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $123,000. Antipodean Advisors Llc sold 20,000 shares as the company's stock rose 3.18% while stock markets declined.
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