Here is What to Know Beyond Why Alibaba Group Holding Limited BABA is a Trending Stock

The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on, top-rated podcasts, and non-profit The Motley Fool Foundation. Alibaba Group has not confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, May 16th, 2024 based off last year’s report dates. The initial public offering was the largest ever offering at the time, with the company’s market cap reaching $231 billion. No investment decision can be efficient without considering a stock’s valuation. Whether a stock’s current price rightly reflects the intrinsic value of the underlying business and the company’s growth prospects is an essential determinant of its future price performance.

  1. For its most recent quarter, ended December 2023, the company reported revenue of $36.7 billion and adjusted earnings per American depository share (ADS) of $2.67.
  2. In 2022, Alibaba’s Singles Day event brought in $139 billion to set a new one-day record.
  3. Information is provided 'as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
  4. The facts discussed here and much other information on might help determine whether or not it’s worthwhile paying attention to the market buzz about Alibaba.

U.S.-China tensions could weigh on earnings for Chinese tech stocks like Alibaba, according to an analyst. As many people who have swiped right can tell you, it’s one thing to view a profile online, quite another to spend time with someone In Real Life. XPeng’s stock fell sharply in Hong Kong as Alibaba sold more shares in the electric-vehicle maker, potentially divesting beaxy exchange review itself of noncore assets. Enter your email address below to receive the latest news and analysts’ ratings for Alibaba Group and its competitors with MarketBeat’s FREE daily newsletter. Alibaba is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Alibaba Group Cainiao IPO Update and Share Purchase Offer Conference Call

173 employees have rated Alibaba Group Chief Executive Officer Daniel Yong Zhang on Daniel Yong Zhang has an approval rating of 87% among the company’s employees. The principal purpose of Alibaba Group Holding Limited is to open the Chinese market and connect it to the world. The company operates through seven segments including China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. China’s industrial output grew 7% year-over-year in the first two months of 2024, the fastest growth in two year.

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Alibaba Group Holding Ltd. scrapped an initial public offering in Hong Kong for its Cainiao logistics arm, the second time Alibaba has nixed a high-profile debut for one of its main businesses. Overall, a weak Chinese stock market, slowing growth, government regulations, and the loss of pepperstone review the company’s well-respected founder have helped push Alibaba stock lower. Jack Ma and 17 others founded Alibaba’s online marketplace in 1999, and achieved profitability for the first time in 2001. Over the last four quarters, Alibaba surpassed consensus EPS estimates three times.

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For the current quarter, Alibaba is expected to post earnings of $1.56 per share, indicating no change from the year-ago quarter. The Zacks kraken trading review Consensus Estimate remained unchanged over the last 30 days. Alibaba Group’s stock was trading at $77.51 at the beginning of the year. Witnesses Notable Increase in U.S.-Based SME Buyers During Its Annual March Expo

Chinese e-commerce titan Alibaba is withdrawing a planned initial public offering for its logistics arm Cainiao, the company said Tuesday, as a major company overhaul faces setbacks. The Chinese economy, meanwhile, is showing signs of stabilizing, with the manufacturing sector recently returning to growth after five months of declines. An improving Chinese economy should go a long way in helping a variety of Alibaba’s consumer-facing and logistics businesses. Alibaba has also discussed splitting the company into six separate businesses that would be run by separate CEOs and pursue initial public offerings (IPOs) and separate financing. One big thing to look at with Alibaba is its cash position and free-cash-flow generation. At the end of 2023, it had $68.6 billion in net cash while it was generating free cash flow of about $25 billion a year.