Media headlines about Alibaba Group (NYSE:BABA) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing 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 closest to one being the most favorable. Alibaba Group earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 45.9898638541548 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- First Interstate Bank Decreases Holdings in Alibaba Group Holding Ltd (BABA) (americanbankingnews.com)
- Alibaba Pictures Losses Reach $165 Million (msn.com)
- Alibaba Moves To Swallow Up China’s Ele.me Food Delivery Service (finance.yahoo.com)
- Alibaba just set up its first joint research center outside China to explore artificial intelligence (finance.yahoo.com)
- What Helped Microsoft Capture the Largest Market Share? (finance.yahoo.com)
Shares of Alibaba Group (BABA) traded down $2.12 during midday trading on Wednesday, hitting $186.14. The company had a trading volume of 19,359,892 shares, compared to its average volume of 23,510,000. The company has a market cap of $476,730.00, a P/E ratio of 45.62, a price-to-earnings-growth ratio of 1.57 and a beta of 2.58. Alibaba Group has a 1-year low of $102.03 and a 1-year high of $206.20. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.29.
A number of brokerages have weighed in on BABA. Stifel Nicolaus raised their price objective on Alibaba Group from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $213.25 price objective for the company. in a research note on Tuesday, January 23rd. Bank of America restated a “buy” rating and set a $220.00 price objective on shares of Alibaba Group in a research note on Thursday, February 1st. Robert W. Baird raised their price objective on Alibaba Group to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, MKM Partners raised their price objective on Alibaba Group to $260.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $211.22.
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Alibaba Group Company Profile
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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