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Traders have lost nearly $10 billion betting against Alibaba this year

18 Août 2017

FT reports, On May 18, 2017, Alibaba Group Holding Ltd reported 4th quarter 2017 earnings of 4.35 per share. The fund acquired 3,300 shares of the specialty retailer's stock, valued at approximately $465,000. Its last month's stock price volatility remained 6.02% which for the week approaches 6.37%. Needham & Company LLC raised their price target on shares of Alibaba Group Holding Limited from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, June 8th. As of the latest earnings report the EPS was $2.53 and is expected to be $4.65 for the current year with 2,530,000,000 shares outstanding. The stock of Neustar Inc (NYSE:NSR) has "Hold" rating given on Wednesday, July 12 by RBC Capital Markets. Barclays PLC increased their price objective on shares of 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. It also reduced its holding in Analog Devices Inc (NASDAQ:ADI) by 555,636 shares in the quarter, leaving it with 315,472 shares, and cut its stake in Amgen Inc (NASDAQ:AMGN). Deutsche Bank maintained Alibaba Group Holding Ltd (NYSE:BABA) on Monday, June 12 with "Buy" rating. The consensus recommendation is the average rating on a stock by the analyst community. TH Capital upgraded Alibaba Group Holding Ltd (NYSE:BABA) rating on Friday, October 23. Alibaba has recorded a 50-day average of $151.08 and a two hundred day average of $123.81. 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. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $160.39. (NASDAQ:FB) puts the stock on today's active list.

Osborne Partners Capital Management LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.64 by $0.01. Alibaba also beat the revenue growth estimates with revenue coming in at $7.4 billion, a 56% YoY increase. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same quarter a year ago, the company earned $0.74 EPS. This buyback authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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WARNING: This piece was first published by Week Herald and is the property of of Week Herald. If you are reading this article on another site, it was copied illegally and republished in violation of worldwide trademark & copyright law. State Bank Of America De holds 0% of its portfolio in Neustar Inc (NYSE:NSR) for 115,724 shares. Alibaba stock looks all set to double this year as a number of analysts have upped their price targets after the strong earnings performance, and most of these price targets are above $200. For the quarter, shares are performing at -28.60%. Colony Group LLC now owns 3,767 shares of the specialty retailer's stock valued at $531,000 after buying an additional 630 shares during the period.

Oaktree Capital Management Lp increased Alibaba Group Holding (BABA) stake by 10.57% reported in 2016Q4 SEC filing. The stock rose 3.00% or $4.91 reaching $168.83 per share. Its revenue totaled $35.96 billion down -32.46% from the previous quarter. Ironsides Asset Advsrs Ltd Co holds 0.85% or 26,813 shares in its portfolio. Institutional owners hold 37.70% stake in the company.

Traders have lost nearly $10 billion betting against Alibaba this year