News stories about Alibaba Group Holding Limited (NYSE:BABA) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alibaba Group Holding Limited earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media stories about the specialty retailer an impact score of 45.5280508191593 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Alibaba Group Holding Limited (NYSE:BABA) traded down 0.53% during trading on Tuesday, reaching $167.41. 19,587,326 shares of the company’s stock traded hands. The company has a market cap of $425.72 billion, a PE ratio of 56.75 and a beta of 2.64. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $177.00. The company has a 50 day moving average price of $156.44 and a 200-day moving average price of $127.15.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. During the same period in the prior year, the company posted $0.74 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $4.97 EPS for the current fiscal year.

Alibaba Group Holding Limited announced that its board has initiated a stock repurchase plan on Thursday, May 18th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Several research analysts recently commented on BABA shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $190.00 price target (up previously from $165.00) on shares of Alibaba Group Holding Limited in a research report on Friday. Royal Bank Of Canada lifted their price target on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 price target for the company in a research report on Thursday, June 15th. Macquarie lifted their price target on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. Finally, Barclays PLC lifted their price target on Alibaba Group Holding Limited from $130.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group Holding Limited has a consensus rating of “Buy” and a consensus target price of $168.76.

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About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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