150.90 +0.46 (0.31%)
After hours: 7:59PM EST
|Bid||150.80 x 1100|
|Ask||151.00 x 800|
|Day's Range||148.44 - 152.15|
|52 Week Range||130.06 - 211.70|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||44.68|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||205.20|
China's largest search engine Baidu is getting an offline revenue boost after it led a $300 million strategic round in Xinchao Media, a company that shows people ads when they're waiting for an elevator - or stuck in one. The tie-up will see the partners collaborate on data integration that knits reams of search data from Baidu with Xinchao's offline data. Baidu also says it will "empower" Xinchao with its big data algorithms and artificial intelligence technology, which, in other words, could make elevator ads more relevant as Xinchao has now deciphered people's online behavior.
Nov 15 (Reuters) - Alibaba Health Information Technology Ltd : * ANNOUNCES ENTRY INTO STRATEGIC COOPERATION AGREEMENT WITH ALIPAY * UNDER AGREEMENT, ALIBABA HEALTH TO ESTABLISH AND OPERATE A HEALTHCARE ...
Billionaire manager David Tepper's firm had added 100,000 shares of Apple and 1.2 million shares of financial firm State Street by the end of September. Appaloosa cut its position in Facebook by 1.8 million shares, to 3.3 million shares. Appaloosa also more than doubled its position in the utility PG&E by the end of the third quarter.
Apple Inc. (NASDAQ:AAPL) is giving up ground to other stocks as more 13F filings pour in, and it appears Facebook Inc (NASDAQ:FB) could cough up its perch atop the list of the 25 Most Popular Stocks Among Hedge Funds in 2018 to Microsoft Corporation (NASDAQ:MSFT). Insider Monkey has finished processing close to 70% of the […]
Tencent earnings rose 15% to 2.06 yuan a share, edging views. Revenue was in line at 80.6 billion yuan as a China crackdown slowed gaming sales. Tencent stock climbed in early trading.
The rally in tech names, especially the FAANG stocks including Facebook (FB) and Netflix (NFLX), has been a pillar of support for markets (SPY). However, some of the technology names that helped drive markets have seen selling pressure after a strong first half of 2018. Apple and Amazon (AMZN) crossed the $1 trillion market capitalization in 2018. While Amazon might give away its gains soon, Apple didn’t hold onto the trophy.
While this sounds impressive, it still wasn’t enough to impress BABA stock investors. Although this year’s single day event beat last year’s numbers, Wall Street was still disappointed, so the stock fell on the news. Beyond this recent drop, 2018 has been a generally tough year for Alibaba stock: In fact, it is down 20% year-to-date. The iShares China Large-Cap ETF (NYSEARCA:FXI) is only down 13% for the same period, so even compared to that, BABA stock still lags.
Alibaba-backed online parenting firm Babytree Group launched a Hong Kong IPO of up to $281 million (217.5 million pounds) on Wednesday, far below what the Chinese company had hoped to raise, as weak markets force firms to scale back their funding ambitions. Babytree plans to sell about 250 million shares, or 15 percent of its enlarged share capital, at a price range of HK$6.80-HK$8.80 ($0.8682-$1.12), giving it a potential valuation of up to $1.87 billion, according to two sources familiar with the deal. Babytree had originally aimed to raise $1 billion in its initial public offering, but falling markets forced the company to lower its target.
Alibaba-backed online parenting firm Babytree Group launched a Hong Kong IPO of up to $281 million on Wednesday, far below what the Chinese company had hoped to raise, as weak markets force firms to scale back their funding ambitions. Babytree plans to sell about 250 million shares, or 15 percent of its enlarged share capital, at a price range of HK$6.80-HK$8.80 ($0.8682-$1.12), giving it a potential valuation of up to $1.87 billion, according to two sources familiar with the deal. Babytree had originally aimed to raise $1 billion in its initial public offering, but falling markets forced the company to lower its target.
“We’re definitely late cycle, and so at some point we’re going to enter a bear market, and it’s going to happen in the next year and a half, maybe two,” Cohen said during a talk with MSD Capital’s Glenn Fuhrman at the 92nd Street Y in Manhattan on Tuesday night. The $3.2 trillion hedge fund industry lost 3 percent last month and is down about 1.7 percent this year as stock pickers to macro traders sputtered, according to Hedge Fund Research Inc. Cohen, who returned to the business earlier this year after a government ban on him managing capital for clients ended, described how it was easier to make money during the early decades of his business because of the bull market in stocks and less competition in the industry. The hedge fund pleaded guilty to securities fraud in 2013 and paid a record fine as part of a U.S. crackdown on insider trading on Wall Street.
Ant Financial runs Alipay, one of China's most popular mobile payments systems. Alipay accounts for the majority of its revenue now, but that could change in the future.