BABA - Alibaba Group Holding Limited

NYSE - Nasdaq Real-time price. Currency in USD
168.30
+2.84 (+1.72%)
As of 9:54AM EDT. Market open.
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Previous close165.46
Open170.19
Bid167.89 x 800
Ask167.93 x 1000
Day's range167.36 - 170.47
52-week range129.77 - 206.00
Volume5,845,791
Avg. volume17,898,756
Market cap438.194B
Beta (3Y monthly)1.85
PE ratio (TTM)48.13
EPS (TTM)3.50
Earnings date21 Aug 2019 - 26 Aug 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est217.23
Trade prices are not sourced from all markets
  • Chinese Indexes Gain, Fed Loses ‘Patience’
    Market Realist2 hours ago

    Chinese Indexes Gain, Fed Loses ‘Patience’

    China’s benchmark Shanghai Composite Index is having a good week. The index rose 2.4% on June 20 to an eight-week high. The index rose in the first half of the day and reached the day’s high.

  • Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services
    Reuters9 hours ago

    Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services

    BEIJING/HANGZHOU, China (Reuters) - In China, the sales maxim of 'know your customer' is being taken to new lengths. One of the first firms to join an Alibaba Group Holding Ltd programme that provides years of consumer shopping history, snack food chain Bestore Co Ltd plans to link facial recognition technology with the e-commerce giant's account data by the year's end. For customers opting to have their facial data in Bestore's systems, that means shop assistants will be able to check on what food they like the moment they enter one of its stores.

  • Business Wire10 hours ago

    Alibaba’s 6.18 Mid-Year Shopping Festival Breaks Records Across China

    Alibaba Group’s (BABA) Taobao and Tmall shattered multiple records during this year’s “6.18 Mid-Year Shopping Festival,” sating a rising demand from consumers in less-developed cities for quality products. Innovative marketing campaigns and tools provided by Alibaba’s core platforms during the 18-day campaign helped more than 110 brands each generate gross merchandise volume in excess of RMB100 million. Popular among brands of all sizes, Taobao livestreaming helped generated GMV of more than RMB13 billion.

  • This fund manager goes his own way in China by looking beyond the trade spat
    MarketWatchyesterday

    This fund manager goes his own way in China by looking beyond the trade spat

    Baillie Gifford partner Richard Sneller also shares insights on Russia, Brazil, Argentina and rising demand for oil.

  • SoftBank’s Founder Has Some Very Eye-Popping Predictions
    Bloombergyesterday

    SoftBank’s Founder Has Some Very Eye-Popping Predictions

    (Bloomberg) -- SoftBank Group Corp. founder Masayoshi Son is trying harder than ever to convince investors of the potential for his many technology investments.At a general shareholders’ meeting in Tokyo on Wednesday, Son shared some predictions that were eye-popping even by the standards of the outspoken Japanese billionaire. The value of SoftBank’s investment portfolio could grow 33-fold to 200 trillion yen ($1.8 trillion) in 20 years, he said. That’s an annual growth rate of 19%. The numbers were so outlandish that Son had to add a caveat.“Let me be clear that this is not a business plan,” he said. “It’s a tall tale.”The gathering was SoftBank’s 39th shareholders meeting, with about 2,000 investors present. Son’s remarks drew laughs and even feigned outrage from directors. Fast Retailing Co. CEO Tadashi Yanai, who sits on SoftBank’s board and is Japan’s richest man, urged shareholders to look out for Son “or he will go out of control.”The billionaire’s projections include investments by the Vision Fund. But even bullish analysts have much more modest projections for that portfolio. Chris Lane of Sanford C. Bernstein recently estimated the net present value of the current and future funds at $50 billion to $85 billion.Son then reminded shareholders how 15 years ago at the very same auditorium he presented another seemingly improbable target -- SoftBank with 1 to 2 trillion yen in profit. At the time, the company booked over 100 billion yen in losses. Annual net income has exceeded 1 trillion yen for the past three years.Over that period of time, Son has expanded into wireless operations with the acquisition of Vodafone Group Plc’s Japan unit, acquired Sprint Corp. in the U.S. and launched the $100 billion Vision Fund to transform SoftBank into a technology investment juggernaut. Still, the company trades at a deep discount to the worth of its holdings. The total value of the conglomerate’s publicly traded shareholdings is around 21 trillion yen, while SoftBank’s market cap is roughly 10.7 trillion yen. By the company’s own estimation, there is a discount of about 50%.Son’s message to investors is that when it comes to technology, he is ahead of the curve. He was early to recognize the value of e-commerce and invest in Alibaba Group Holding Ltd. SoftBank was also first to introduce Apple Inc.’s iPhone in Japan. Now Son believes the world is on the verge of another technological shift, driven by artificial intelligence that will transform every industry. He argues that the company’s portfolio of unicorns from Uber Technologies Inc. to WeWork Cos. positions SoftBank to reap the most benefits from that disruption.“I wish I had the money to make tons of investments at the start of the internet revolution. I could see it coming,” Son said. “We started the Vision Fund at the very beginning of the AI revolution.”At least a few of the investors present took him at his word.“Son may talk big, but just look at what he has actually accomplished,” said Yasuhiro Suzuki, a SoftBank shareholder of about 20 years. “I have been to many of these meetings, but today Son seemed especially in high spirits.”Key Insights:The Vision Fund is nearing the end of its investment cycle and SoftBank is in the process of raising a second one of equal size, Son said. The two funds will be successive. SoftBank is in talks with limited partners in the first fund to renew their investments.The company is increasing staff at the fund to 1,000 people, from 415 now.To contact the reporters on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.net;Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Barrons.com2 days ago

    Alibaba Stock Gets a Boost From New Hong Kong Listing Plans

    The China internet giant has rallied ahead of the broad market this year, rising more than 21% in 2019. Citigroup says the momentum can keep growing.

  • Is Alibaba Preparing for Life after Jack Ma?
    Market Realist2 days ago

    Is Alibaba Preparing for Life after Jack Ma?

    On June 18, Alibaba (BABA) announced senior management changes. Alibaba seems to be gearing up for life after Jack Ma. Daniel Zhang is slated to become Alibaba’s chairman after Ma retires in September.

  • US-China Trade War Is Damaging China’s Job Market
    Market Realist2 days ago

    US-China Trade War Is Damaging China’s Job Market

    While the deteriorating job market could damage China's economy in the long term, Chinese stocks and ETFs are falling right now. FXI and GXC have lost nearly 8.7% and 9.7%, respectively, in the second quarter.

  • Alibaba puts CFO in charge of investment in major management reshuffle
    Reuters2 days ago

    Alibaba puts CFO in charge of investment in major management reshuffle

    BEIJING/SHANGHAI (Reuters) - China's Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of slowing growth. Chief Financial Officer Maggie Wu will oversee Alibaba's strategic investments unit, taking over that responsibility from Executive Vice-Chairman Joe Tsai who will support Wu in her expanded role, the firm said on its official WeChat account. The change comes as Alibaba invests in new business lines such as cloud computing as a boom in its core e-commerce has peaked and revenue growth slows.

  • Barrons.com3 days ago

    Alibaba Stock Jumps After Proposing Stock Split Ahead of Hong Kong Listing

    The stock split aims to “increase flexibility in the company’s capital raising activities” and is seen as another hint that a Hong Kong listing is likely to happen later this year.

  • What Alibaba Hopes to Achieve with Its Stock Split
    Market Realist3 days ago

    What Alibaba Hopes to Achieve with Its Stock Split

    Alibaba (BABA) has announced a one-to-eight stock split. The company is reportedly planning a Hong Kong listing that could raise almost $20 billion for the Chinese e-commerce giant. The company is slated to propose the stock split to shareholders at its upcoming annual general meeting.

  • Alibaba proposes share split ahead of reported $20B Hong Kong IPO
    TechCrunch3 days ago

    Alibaba proposes share split ahead of reported $20B Hong Kong IPO

    Alibaba is being heavily linked with a public listing in Hong Kong, whichcould reportedly happen in Q3 and raise up to $20 billion

  • Alibaba seeks stock split to boost available shares ahead of reported Hong Kong listing
    CNBC3 days ago

    Alibaba seeks stock split to boost available shares ahead of reported Hong Kong listing

    Under Alibaba's proposal, one share would be split into eight with the number of shares available for investors increasing from 4 billion to 32 billion.

  • Alibaba proposes one-to-eight stock split ahead of up to $20 billion HK listing
    Reuters3 days ago

    Alibaba proposes one-to-eight stock split ahead of up to $20 billion HK listing

    China's Alibaba Group Holding has proposed a one-to-eight stock split ahead of a listing in Hong Kong later this year that is expected to raise up to $20 billion. The split, to be presented to shareholders for a vote at an annual general meeting in Hong Kong on July 15, will increase flexibility in the firm's capital raising activities, including the issuance of new shares, the e-commerce giant said. Alibaba has filed confidentially for a Hong Kong listing, a person familiar with the matter told Reuters earlier this month.

  • Alibaba Plans Stock Split as It Preps Giant Listing
    Bloomberg3 days ago

    Alibaba Plans Stock Split as It Preps Giant Listing

    (Bloomberg) -- Alibaba Group Holding Ltd. plans a one-to-eight share split, as the e-commerce giant prepares for a stock sale that could be Hong Kong’s largest since 2010.China’s largest company is proposing to increase the number of ordinary shares eight-fold to 32 billion, it said in a statement. The proposal will be discussed and put to a vote at its annual general meeting in Hong Kong on July 15. If approved, the split should take place no later than July 2020.Alibaba is said to have filed for a listing in Hong Kong last week via a confidential exchange application. That sale of stock, which could raise as much as $20 billion, replenishes the online retailer’s war-chest and helps it attract investors closer to home as tensions between China and the U.S. escalate.In the Hong Kong offering, the company will seek to preserve its governance system, where a partnership of top executives has rights including the ability to nominate a majority of board members, a person familiar with the matter has said. It’s possible also that the company may not need to seek a waiver, as the city’s listing rules allow some Chinese issuers who have already listed on an established international bourse to keep their existing structures in a secondary listing.To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PetSmart's Chewy Jumps 59% in Debut After $1.02 Billion IPO
    Bloomberg6 days ago

    PetSmart's Chewy Jumps 59% in Debut After $1.02 Billion IPO

    PetSmart acquired Chewy in 2017, paying about $3 billion for the company. PetSmart last year pegged the value of Chewy at $4.45 billion in private documents shared with investors, according to people with knowledge of those documents. The offering included 5.6 million shares sold by Dania Beach, Florida-based Chewy and 40.9 million sold by a wholly owned subsidiary of PetSmart, according to a statement.

  • PetSmart's Chewy Jumps 59% in Debut After $1.02 Billion IPO
    Bloomberg6 days ago

    PetSmart's Chewy Jumps 59% in Debut After $1.02 Billion IPO

    (Bloomberg) -- PetSmart Inc.-controlled Chewy Inc. surged in its first day of trading after raising $1.02 billion in an initial public offering, as investors bet that pet owners will do more of their shopping online for everything from cat food to doggy sweaters.Chewy’s shares rose as much as 88% in the first hour of trading Friday from the $22 offer price. The shares closed up 59% to $34.99, giving the company a market value of about $13.95 billion.PetSmart acquired Chewy in 2017, paying about $3 billion for the company. PetSmart last year pegged the value of Chewy at $4.45 billion in private documents shared with investors, according to people with knowledge of those documents.On Thursday, Chewy sold 46.5 million shares above its $19 to $21 target range, after earlier marketing only 41.6 million shares for $17 to $19 each. The offering included 5.6 million shares sold by Dania Beach, Florida-based Chewy and 40.9 million sold by a wholly owned subsidiary of PetSmart, according to a statement.The offering was the sixth-biggest out of 78 in the U.S. this year, according to data compiled by Bloomberg. It’s one of only 10 IPOs for online product retailers globally to exceed $1 billion, a group that includes the 2014 Alibaba Group Holding Ltd. $25 billion listing, the largest-ever.$72 Billion on PetsAmericans spent more than $72 billion on their pets last year, with Chewy’s 31% of U.S. online sales surpassed only by Amazon.com Inc.’s 55% share, according to the American Pet Products Association. The Chewy site, which started in 2011, logged sales of $3.53 billion for the year ended Feb. 3, up from $2.1 billion from the previous fiscal year, according to the company’s prospectus.“Pet parents” continue to spend even in times of economic uncertainty. During the 2008 to 2010 recession, overall consumer spending in the U.S. declined, while pet spending increased by 12%, Chewy has said, citing APPA.Chewy plans to continue growing by expanding its private-label products and health services including prescription drugs, Chief Executive Officer Sumit Singh said in an interview.“Our active customers spend more and more the longer they stay with us,” Singh said. “We have a lot more to do out there, a lot more customers to add.”The offering follows a heated dispute between PetSmart and its creditors over the transfer of Chewy assets ahead of the IPO.Loan DisputePetSmart and its private equity owners, a group led by BC Partners, moved a portion of the Chewy unit to an unrestricted subsidiary and another to the parent company, both out of creditors’ reach. Lenders sued, arguing that PetSmart was insolvent at the time of the transfer and that the move was fraudulent.PetSmart resolved the dispute by amending its loan agreement, promising to give lenders a portion of the proceeds from any eventual sale of the online business, according to people with knowledge of the situation. The exact amount of PetSmart’s proceeds from the IPO that will go to pay down debt has yet to be determined.Before Chewy’s offering was expanded, current investors were to have retained a 90% stake in the company as well as 99% of the voting rights as a result of the dual-class share, according to its filings with the U.S. Securities and Exchange Commission. PetSmart was to have 70% of the total shares and 77% of the voting power, the filings show.Debt ReliefChewy’s IPO should give some financial relief to PetSmart, which is saddled with more than $8 billion of debt due over the next six years. After Chewy raised the price range for its IPO on Wednesday, PetSmart’s bonds rallied to the highest level in two years. Its bonds due in 2023 and 2025 were among the top gainers in the U.S. high-yield market on Friday, according to Trace bond trading data.“A strong public-market showing by Chewy will be a positive due to the increased asset coverage it implies and the possibility that some of those assets will be monetized and used to pay down debt in the future,” said Ben Briggs, a high yield and distressed credit analyst with INTL FCStone.After the IPO, Chewy expects to obtain a new revolving credit facility with covenants, including requirements that it maintain certain financial ratios.The offering was led by Morgan Stanley, JPMorgan Chase & Co. and Allen & Co. The shares are trading on the New York Stock Exchange under the symbol CHWY.(Updates with closing share price in second paragraph.)\--With assistance from Emma Chandra and Matthew Monks.To contact the reporters on this story: Katherine Doherty in New York at kdoherty23@bloomberg.net;Crystal Tse in Hong Kong at ctse44@bloomberg.netTo contact the editors responsible for this story: Elizabeth Fournier at efournier5@bloomberg.net, ;Rick Green at rgreen18@bloomberg.net, Michael Hytha, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • With 37% Earnings Growth, Did Alibaba Group Holding Limited (NYSE:BABA) Outperform The Industry?
    Simply Wall St.6 days ago

    With 37% Earnings Growth, Did Alibaba Group Holding Limited (NYSE:BABA) Outperform The Industry?

    Assessing Alibaba Group Holding Limited's (NYSE:BABA) past track record of performance is a valuable exercise for...

  • China’s Retail Sales Beat Expectations—Here’s Why
    Market Realist6 days ago

    China’s Retail Sales Beat Expectations—Here’s Why

    On June 14, China released several economic data points. While the country's industrial production and fixed asset investment data were below expectations, its May retail sales were better than expected. The data showed China’s May retail sales rising 8.6%.

  • Alibaba Has Filed Paperwork to List in Hong Kong
    Market Realist6 days ago

    Alibaba Has Filed Paperwork to List in Hong Kong

    Chinese e-commerce giant Alibaba (BABA) has filed paperwork confidentially for its Hong Kong listing, according to a report by Bloomberg. The company’s listing in Hong Kong would be its second after it raised a record $25 billion through its New York listing in 2014.

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