The company is a global e-commerce platform based in China.

According to Forbes, Ma has a net worth of $23.1 billion and is one of the wealthiest people in the world. He also owns a stake in the Chinese media and entertainment company Huayi Brothers. Jack Ma, co-founder of Alibaba, GDDY stock price is no longer the company’s largest shareholder, having retired from the company in 2019. The company is a global e-commerce platform based in China. There may be delays, omissions, or inaccuracies in the Information.

BABA stock

Brendan Ahern, KraneShares CIO, joins ‚Squawk on the Street‘ to remark on Alibaba’s mixed Q3 earnings results, the factors contributing to China’s economic softening, and the longterm effects China’s ze… Investors choosing to focus on its cost control and improvement in profitability, rather than a surprise net loss. Debt-laden Chinese conglomerate Forex Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct k… The information in this site does not contain investment advice or an investment recommendation, or an offer of or solicitation for transaction in any financial instrument.

Alibaba has 77.13% upside potential, based on the analysts’ average price target. BABA, +4.01% dropped 2.8% in premarket trading Thursday, after J.P. Morgan analyst Alex Yao said he turned „cautious“ on the China-based e-commerce giants fiscal second-quarter Forex news revenue outlook, citing „weak China consumption. The company has been able to deliver top-line growth despite a slowdown in its core e-commerce business. But revenue fell 4% to $30.7 billion when the company reported fiscal Q1 results in early August.

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Daniel Yong Zhang has an approval rating of 87% among the company’s employees. The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023. Without the ability to turn significant profits, Alibaba is struggling. Fortunately, the industry as a whole is facing challenges, so watch the sector closely. 88 people have added Alibaba Group to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

BABA vs Ecommerce Stocks

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers. The stock market closed Thanksgiving week mixed but the Dow Jones excelled again. A stock’s relative strength line, found in daily and weekly charts at, compares the stock’s daily price performance to the S&P 500. An upward-sloping RS line means the stock is outperforming the S&P 500. A downward-sloping line means the stock is lagging the S&P 500.

BABA stock

An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.

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The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. It offers a suite of products for storefronts that want to compete in the e-commerce market. The company’s key business segments include mobile media and entertainment, cloud computing, and core commerce, along with other developing initiatives.

  • The average price target represents 77.13% Increase from the current price of $75.5.
  • A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
  • Joseph Tsai, Ma’s co-founder at Alibaba, is the second-largest shareholder behind SoftBank.
  • Alibaba’s relative strength line has started to swing higher after being on a downtrend since the start of its latest downtrend in July.

Revenue increased 13% to $32.2 billion, helped by strength in its domestic e-commerce business. Intraday Data provided by FACTSET and subject to terms of use.

Is Now the Right Time to Buy Stock?

Alibaba soared 10% on Dec. 6 on news of a management shakeup and an overhaul of its ecommerce business. Her replacement, Toby Xu, joined Alibaba in July 2018 and was appointed deputy chief financial officer in July 2019. In a sign of confidence about its business, Alibaba announced it would increase its buyback program to $25 billion from $15 billion. It’s already bought back 56.2 million shares for $9.2 billion.

Company Description

The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. Our calculations are based on comprehensive, delayed quotes. Chinese e-commerce company Alibaba Group on Thursday posted net losses and missed market expectations for revenue in its quarter ended September amid a slowing economy and depressed consumer sentiment. Alibaba’s second-quarter fiscal 2023 results reflect strength across the China commerce wholesale, international commerce wholesale, and cloud and logistics businesses. According to 53 analysts, the average rating for is „Buy.“ The 12-month stock price forecast is 140.91, which is an increase of 86.64% from the latest price.

Alibaba is the world’s largest online and mobile commerce company, measured by GMV (CNY 5.7 trillion/$846 billion for the fiscal year ended March 2019). It operates China’s most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba’s China marketplaces accounted for 68% of revenue in fiscal 2019, with Taobao generating revenue through advertising and other merchant data services and Tmall deriving revenue from commission fees. Mobile GMV accounted for roughly 85% of consolidated GMV in fiscal 2019. Alibaba Group Holding Ltd provides technology infrastructure and marketing platforms.

Goldman Sachs is a global investment bank and asset management firm that was founded in New York in 1869. It offers a range of services including funds, account management, retirement plans, and advisory services for individuals, corporations, and other institutions. Goldman owns 0.84% of Alibaba, as of Q1 2022, worth roughly $2 billion. Alibaba co-founder and vice-chair Joseph Tsai dotbig is the third-largest shareholder in the company, with 1.4% of the outstanding stock. SoftBank’s stake in Alibaba is equivalent to approximately 24% of the company; it is Alibaba’s largest shareholder. Market cap is the total market value of a publicly traded company’s outstanding shares. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

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