Alibaba (BABA) stock tumbles after earnings fall short
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Alibaba (BABA) PT Raised to $103 at BofA Securities
May 16, 2024 8:56 AM EDTBofA Securities analyst Joyce Ju raised the price target on Alibaba (NYSE: BABA) to $103.00 (from $99.00) while maintaining a Buy rating.
The analyst comments "FY4Q24 results largely in-line with our est. and consensus, except GAAP Op and Np missing the expectations due to mark-to-market investment loss. Consolidated revs +7% YoY, driven by 4% growth in Taobao Tmall Group (TTG).... More
Citi Comments on Alibaba (BABA)
May 14, 2024 8:26 AM EDTCiti Comments on Alibaba (NYSE: BABA).
The analyst comments "Ali reported inline FY4Q24 result with total revs of Rmb221.9bn, +7% y/y, 0.7% above our estimate of Rmb220.4bn and 0.9% above consensus of Rmb219.8bn. China retail revs +3% yoy to Rmb88.3bn, with... More
Morgan Stanley Reiterates Equalweight Rating on Nomura Holdings Inc. (8604:JP) (NMR)
May 14, 2024 8:09 AM EDTMorgan Stanley analyst Mia Nagasaka reiterated an Equalweight rating and JPY970.00 price target on Nomura Holdings Inc. (8604:JP) (NYSE: NMR).
The analyst comments "Plans to expand resource-light, low-volatility businesses at wholesale division: 1) Over the near term, it will target wholesale pre-tax... More
China's Alibaba profit tumbles 86% though revenue beats estimates
May 14, 2024 6:33 AM EDTBy Casey Hall and Akash Sriram
(Reuters) -China's Alibaba Group Holding reported an 86% plunge in fourth-quarter profit on Tuesday primarily due to valuation changes from equity investments, pushing its U.S.-listed shares down almost 6% in early trading though revenue beat forecasts.
It also announced it would revive a plan first floated in 2022 to upgrade its secondary listing in Hong Kong to a primary listing, while retaining its primary listing in New York. It aims to complete this dual-primary listing by August.
China's largest e-commerce group by market share has had a tumultuous year since announcing... More
Alibaba (BABA) Misses Q1 EPS by 13c, Beats on Revenue
May 14, 2024 6:31 AM EDTAlibaba (NYSE: BABA) reported Q1 EPS of RMB10.14, RMB0.13 worse than the analyst estimate of RMB10.27. Revenue for the quarter came in at RMB221.87 billion versus the consensus estimate of RMB220.32 billion.
For earnings history and earnings-related data on Alibaba (BABA) click here.
... MoreStocks expected to have increasing option volume: HD BABA JACK GME AMC
May 14, 2024 5:32 AM EDTStocks expected to have increasing option volume: HD BABA JACK GME AMC
... MorePopular stocks with increasing volume: AMC GME BABA PLTR INTC SOFI HOOD RIVN NIO ARM
May 14, 2024 5:24 AM EDTPopular stocks with increasing volume: AMC GME BABA PLTR INTC SOFI HOOD RIVN NIO ARM
... MoreAlibaba (BABA) call put ratio 3.6 calls to 1 put into quarter results
May 13, 2024 10:57 AM EDTAlibaba (NYSE: BABA) May call option implied volatility is at 77, June is at 41; compared to its 52-week range of 28 to 50 into the expected release of quarter results before the bell on May 14. Call put ratio 3.6 calls to 1 put.
... MorePopular stocks with increasing volume: GME PLTR BABA HOOD ARM INTC PTEN SOFI PDD KVUE C
May 13, 2024 10:16 AM EDTPopular stocks with increasing volume: GME PLTR BABA HOOD ARM INTC PTEN SOFI PDD KVUE C
... MoreDow Jones, Nasdaq, S&P 500 weekly preview: CPI report, retail earnings in focus
May 13, 2024 8:07 AM EDTOn Friday, the Dow Jones Industrial Average (DJIA) concluded its eighth straight day of gains, marking its best week in 2024.
The index increased by 125.08 points, or 0.32%, finishing at 39,512.84. Meanwhile, the S&P 500 rose by 0.16% to close at 5,222.68, but the Nasdaq Composite declined marginally by 0.03%, ending the day at 16,340.87.
For the week, the Dow experienced a 2.16% gain, its strongest since December and its fourth consecutive week of gains. Both the S&P 500 and Nasdaq Composite also ended the week positively, recording their third consecutive winning week with rises of 1.85% and 1.14%, respectively.
Despite the gains,... More
Alibaba (BABA) PT Lowered to $99 at BofA Securities
May 13, 2024 5:39 AM EDTBofA Securities analyst Joyce Ju lowered the price target on Alibaba (NYSE: BABA) to $99.00 (from $107.00) while maintaining a Buy rating.
The analyst comments "We estimate BABA 4QFY24 total revs of RMB220.7b, up 6% YoY, accelerating from last quarters 5% YoY primarily due to an accelerated Taobao Tmall (TT) revs as co. continues to execute its price competitiveness and user experiences centric strategies in traffic allocation and service upgrade. We now forecast domestic... More
Alibaba (BABA) May 80 straddle priced into quarter results
May 13, 2024 5:16 AM EDTAlibaba (NYSE: BABA) May 80 straddle priced for a move of 6.5% into the expected release of quarter results before the bell on May 14.
... MoreAlibaba (BABA) call put ratio 2.3 calls to 1 put into quarter results
May 10, 2024 10:39 AM EDTAlibaba (NYSE: BABA) May call option implied volatility is at 64, June is at 41; compared to its 52-week range of 28 to 50 into the expected release of quarter results before the bell on May 14. Call put ratio 2.3 calls to 1 put.
... MoreAlibaba (BABA) May 79 straddle priced into quarter results
May 10, 2024 3:55 AM EDTAlibaba (NYSE: BABA) May 79 straddle priced for a move of 7% into the expected release of quarter results before the bell on May 14.
... More