Yahoo! (YHOO) Slammed as Value of Alibaba (BABA) Stake Collapses

UBS Cuts Price Target on Yahoo! (YHOO) to $51 Following Revised BABA Outlook

UBS maintained a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $51.00 (from $57.00), on a revised BABA outlook. The revised price target on YHOO follows a downward revision on BABA, whose price target was cut to $101 (From $112).

Analyst Eric... More

Brean Capital Cuts Price Target on Alibaba (BABA) to $92 Following 1Q16 Results

Brean Capital maintained a Buy rating on Alibaba (NYSE: BABA) and cut the price target to $92.00 (from $97.00), following the company's 1Q16 earnings report. Revenue came in at RMB 20.2bn (+28% YoY), below consensus estimates of RMB 20.9bn. Adjusted EPS came in at $0.59, beating consensus by one penny.

Analyst Fawne Jiang commented, "BABA printed soft FY1Q16 results, largely driven by factors... More

UPDATE: Alibaba (BABA), Tencent Looks to Invest in China Internet TV Startup

(Updated - August 12, 2015 7:20 AM EDT)

Alibaba (NYSE: BABA) and Tencent may invest in China Internet TV startup, according to the WSJ.

UPDATE - According to the report, the duo will invest in China Media Capital's... More

Alibaba (BABA) Tops Q1 EPS by 1c; Approves $4B Common Stock Buyback

(Updated - August 12, 2015 7:02 AM EDT)

Alibaba (NYSE: BABA) reported Q1 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $3.27 billion versus the consensus estimate of $3.39 billion.

Alibaba's Board of Directors has authorized a share repurchase program in an aggregate amount of up to US$4 billion over a period of two years, primarily to offset dilution, for example, from our share-based compensation programs.

GMV GMV transacted on our China retail marketplaces in the quarter ended June 30, 2015 was RMB673 billion (US$109 billion), an increase of 34%... More