Alibaba Group (NYSE:BABA) Receives Daily Media Impact Score of 1.06
News headlines about Alibaba Group (NYSE:BABA) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Alibaba Group earned a daily sentiment score of 1.06 on their scale. InfoTrie also assigned news stories about the specialty retailer an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Alibaba Group’s score:
- Alibaba replaces video streaming boss amid anti-corruption probe (techcrunch.com)
- Head of Alibaba’s Youku Sacked, Under Police Investigation for Corruption (variety.com)
- [$$] China’s Alibaba Takes On Amazon in European Cloud (finance.yahoo.com)
- Internet giants pose existential threat to banks – BIS chief (finance.yahoo.com)
- Inside Google’s Cloud Milestones (finance.yahoo.com)
Shares of NYSE BABA traded down $5.40 during midday trading on Tuesday, hitting $158.34. The stock had a trading volume of 22,156,696 shares, compared to its average volume of 20,654,564. Alibaba Group has a fifty-two week low of $130.06 and a fifty-two week high of $211.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $411.99 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 1.48 and a beta of 2.37.
A number of brokerages have recently commented on BABA. Barclays lowered their price objective on Alibaba Group from $230.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, August 27th. Robert W. Baird decreased their target price on Alibaba Group from $220.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 24th. JPMorgan Chase & Co. decreased their target price on Alibaba Group from $230.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 24th. Raymond James reduced their price objective on Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 16th. Finally, Jefferies Financial Group reduced their price objective on Alibaba Group to $225.00 and set a “buy” rating for the company in a research report on Friday, August 24th. One equities research analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $214.05.
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Alibaba Group Company Profile
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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