BABA - Alibaba Group Holding Limited

NYSE - Nasdaq Real Time Price. Currency in USD
157.00
-1.83 (-1.15%)
As of 10:10AM EDT. Market open.
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Previous Close158.83
Open155.45
Bid155.64 x 1100
Ask155.69 x 1000
Day's Range154.41 - 157.86
52 Week Range129.77 - 211.70
Volume8,226,900
Avg. Volume14,684,791
Market Cap406.972B
Beta (3Y Monthly)1.66
PE Ratio (TTM)44.90
EPS (TTM)3.50
Earnings DateAug 21, 2019 - Aug 26, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est208.69
Trade prices are not sourced from all markets
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  • Alibaba Makes a $635 Million Home Improvement Bet
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  • Meituan Losses Narrow as It Fends Off Alibaba in Food and Travel
    Bloomberg5 hours ago

    Meituan Losses Narrow as It Fends Off Alibaba in Food and Travel

    Meituan Dianping posted a narrower-than-anticipated loss after the Chinese internet services giant managed to keep Alibaba Group Holding Ltd. at bay and expand rapidly in food delivery and travel. The fast-growing company backed by WeChat-operator Tencent Holdings Ltd. posted a loss of 1.43 billion yuan ($207 million) in the March quarter compared with the 2.7 billion yuan loss that analysts projected. Billionaire founder Wang Xing held his ground in a cash-burning battle with Alibaba’s Ele.me and Fliggy for on-demand services.

  • Moody's8 hours ago

    Alibaba Group Holding Limited -- Moody's: Alibaba's FY2019 results support its ratings

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  • iQiyi Retakes the Lead in Chinese Streaming
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  • Alibaba to Help Standardize Mobile Payment in Japan
    Market Realist16 hours ago

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  • After Earnings Miss, Baidu Stock Can Get Even Cheaper
    InvestorPlace19 hours ago

    After Earnings Miss, Baidu Stock Can Get Even Cheaper

    The bottom is falling out for Baidu (NASDAQ:BIDU). Baidu stock fell by almost one-quarter on Friday and Monday. Excluding a very brief dip in 2015, BIDU stock now sits at its lowest level in almost six years.Source: Shutterstock The near-term catalyst has been BIDU's disappointing first-quarter report issued on Thursday afternoon. But there's more weighing on BIDU stock than just a single earnings report. As I wrote earlier this year, there have been significant concerns about the health of its business for a long time. * 7 Safe Stocks to Buy for Anxious Investors Its Q1 results and, perhaps more importantly, its Q2 guidance, suggest those concerns are quite realistic. And so I wouldn't recommend that investors try and time the bottom of BIDU stock just yet.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Baidu's EarningsOn the surface, Baidu's earnings look modestly disappointing, but they don't seem bad enough to drive such a steep fall. Adjusted earnings per share of 41 cents did miss analysts' consensus estimate by $0.16. But its revenue growth in Chinese yuan rose 15%, in-line with the consensus outlook, and its sales actually grew 21%, excluding the divestiture of a number of its businesses last year.The earnings miss sounds disappointing, but the overall numbers don't seem terribly out of line. The company's revenue is still growing. BIDU had warned that its profits would drop in the first half of the year, partly due to higher spending on its search business.But looking more closely, two factors drove Baidu's top-line growth. The first was its ownership of iQiyi (NASDAQ:IQ), the so-called Netflix (NASDAQ:NFLX) of China. Baidu still owns roughly two-thirds of iQiyi, so IQ's results and its growth are reflected in Baidu's consolidated numbers.But Baidu's online marketing revenue, the key part of its wholly-owned business, increased just 3%. And Baidu spent an enormous sum on marketing in the quarter. SG&A, which includes marketing expenses, rose a stunning 93% year-over-year. Some of that increase was due to BIDU's efforts to support iQiyi's growth. But the operating income of Baidu's core operations plunged a stunning 67% year-over-year.Outside of iQiyi, then, Baidu essentially bought, at an expensive price, what little revenue growth it could muster. And Q2 isn't going to be much better. Baidu guided for consolidated revenue to rise just 1% to 6% excluding divestitures, representing a significant slowdown. The Baidu Stock Price PlungeSo the reaction to the earnings report does make some sense. Baidu's stake in IQ accounts for roughly 20% of its market cap; IQ shares have fallen on BIDU's results. BIDU's legacy business seems to have a significant top-line growth problem. And its increased spending is causing its profits to not only decline, but to decline sharply. BIDU stock simply has a very different fundamental profile after its earnings than it did previously.Beyond the numbers, the results confirm the fears that have dogged Baidu stock for some time. Its desktop search business is being displaced by greater use of apps, which bypass browsers and Baidu altogether. (That is also a concern for Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL), to which Baidu is often compared, though Alphabet has done a better job of holding onto its business.) Baidu has added some self-inflicted wounds, including a scandal surrounding medical search results back in 2016 and complaints about its news results earlier this year.BIDU managed to come out the other side of the 2016 scandal. But its Q2 guidance, in particular, suggests a deceleration of growth to levels not seen since 2016-2017. That, in turn, implies that Baidu's brand in China has taken another hit from which it may not be as easy to recover.Outside of search, Baidu hasn't proven it can win. Its income from equity investments (which does not include iQiyi) declined 57% in Q1. Its efforts in artificial intelligence and the cloud don't appear to be moving the needle much. If Search starts to fade, it's not clear that BIDU will have an answer. Baidu Stock Doesn't Look Cheap EnoughBaidu stock looks awfully cheap on the surface. The company closed Q1 with over $18 billion in cash, excluding the funds held by iQiyi. Its stake in IQ is worth close to $10 billion. Combined, those assets support over half of the current market capitalization of BIDU stock.Based on those assets and analysts' 2019 consensus EPS estimate, it appears that Baidu stock is trading at a single-digit multiple to the profits of its core business. But it's worth noting that those EPS estimates are going to come down, and potentially sharply, in the wake of the Q1 results. BIDU stock may look cheap, but there's a wealth of evidence at the moment which suggests that it should be cheap.Meanwhile, the trade war still hangs over all Chinese stocks. But Baidu stock has badly lagged even its peers recentl. Big Chinese names like Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), and Tencent (OTCMKTS:TCEHY) all posted solid earnings reports last week, and their shares have risen so far this year. What happens to BIDU stock if and when investors' views on China deteriorate?The response by Baidu stock over the last two sessions is not an overreaction, or a panic, or a case of investors not paying attention. There have been real concerns about BIDU stock for some time now, and those concerns seem supported by both its Q1 results and its Q2 guidance. So it's not surprising that Baidu stock has fallen so hard. And it wouldn't be a surprise if BIDU keeps falling.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post After Earnings Miss, Baidu Stock Can Get Even Cheaper appeared first on InvestorPlace.

  • Alibaba Pursuing Coffee Delivery Business from Starbucks Rival
    Market Realist19 hours ago

    Alibaba Pursuing Coffee Delivery Business from Starbucks Rival

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  • How Big Is Alibaba’s Advertising Business?
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  • Why Alibaba Wants to Overhaul Its India Investment Strategy
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  • Inside Alibaba’s Booming Insurance Side Business
    Market Realist19 hours ago

    Inside Alibaba’s Booming Insurance Side Business

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  • Why Alibaba’s Outgoing CEO Is Worried about Europe
    Market Realist19 hours ago

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  • AliExpress Terms Put Alibaba on the Spot in Europe
    Market Realist19 hours ago

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    Investor Updates: The Latest Buzz from AlibabaConsumers complaining about dispute settlement and product return termsAlibaba (BABA) is facing consumer complaints in Europe about the terms of a dispute settlement between shoppers and sellers on its

  • Top Fund Managers in Q1: Risky Trades or Smart Stock Bets?
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  • Motley Fool23 hours ago

    2 Very Different Tech Majors, 2 Great Reports, 1 Market Reaction in Common

    NVIDIA beat on profits and Alibaba impressed, but the markets yawned at both.

  • What’s in the Cloud Market for Alibaba?
    Market Realistyesterday

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    How Alibaba Is Pursuing e-Commerce and Cloud Dominance(Continued from Prior Part)Alibaba’s cloud revenue jumps 76%More than $180 billion is up for grabs in the global cloud computing market this year, and Alibaba (BABA) is one of the major

  • eBay Joins Peers in Opening Physical Stores
    Market Realistyesterday

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    How Amazon and eBay Are Working to Drive Future Growth(Continued from Prior Part)eBay opens first concept store in BritainAmazon (AMZN), Alibaba (BABA), and JD.com (JD) are not the only major e-commerce companies investing in physical stores. eBay

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    This time around, Alibaba didn't shy away from discussing the trade war, but decided to deal with those concerns head-on. Fundamentally, Alibaba is a rapidly growing conglomerate which is hugely undervalued. Alibaba's co-founder and Executive Vice Chairman Joseph Tsai came out swinging on the earnings call last week.

  • Alibaba Is Plotting Cloud Dominance
    Market Realistyesterday

    Alibaba Is Plotting Cloud Dominance

    How Alibaba Is Pursuing e-Commerce and Cloud Dominance(Continued from Prior Part)Alibaba takes cloud market share from Amazon in AsiaAlibaba (BABA) has taken the lead in Asia’s cloud computing market, and it now has its sights set on a global

  • Dow Jones Futures: Stock Market Rides China Trade News; Qualcomm Dives On Antitrust Ruling
    Investor's Business Dailyyesterday

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    Stock futures: The stock market rides China trade war news up and down. Qualcomm stock plunged on a U.S. antitrust court ruling.

  • The Tech Cold War Begins: How Big Tech is Affected
    Insider Monkeyyesterday

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    The tariff battle between China and U.S. has become more than just talk. After President Trump raised tariffs on hundreds of billions of dollars worth of imports from China, Trump has now targeted Huawei adding it to a trade blacklist. Huawei is a big company with around $100 billion in revenue last year. The intelligence community […]

  • Reutersyesterday

    Nepal says bans WeChat Pay, Alipay

    Nepal has banned popular Chinese digital payment apps WeChat Pay and AliPay saying payments from the unregistered systems were illegal and resulting in a loss of income to the Himalayan nation, a spokesman for the central bank said on Wednesday. Laxmi Prapanna Niroula, a spokesman for the Nepal Rastra Bank, said the two digital payment platforms were not registered with the regulator in Nepal but were widely used by Chinese tourists for settling their payments with businesses. "Any digital transaction made with unregistered foreign payment system like WeChat Pay and AliPay is illegal," Niroula told Reuters.