Alibaba Group Holding Limiteds in-depth stock price analysis indicates that the stock price has rallied 9.6% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 7.68% . Looking at the past 52 week period, the stock price is up at 68.11% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Alibaba Group Holding Limited has a positive value of 11.11 compared to overall market. Alibaba Group Holding Limited (NYSE:BABA) has climbed 1.96% in the past week and advanced 6.33% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.14% and the outperformance has advanced to 4.42% for the last 4 weeks period.
Alibaba Group Holding Limited (NYSE:BABA) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.98 points or 0.95% at $102.36 with 7,680,312 shares getting traded. Post opening the session at $103.88, the shares hit an intraday low of $102.31 and an intraday high of $103.94 and the price was in this range throughout the day. The company has a market cap of $255,900 million and the number of outstanding shares has been calculated to be 2,500,000,000 shares. The 52-week high of Alibaba Group Holding Limited (NYSE:BABA) is $109.87 and the 52-week low is $59.85.
Alibaba Group Holding Ltd Last issued its quarterly earnings results on Jan 24, 2017. The company reported $1.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.17. Analyst had a consensus of $1.13. The company had revenue of $7669.00 million for the quarter, compared to analysts expectations of $7340.84 million. During the same quarter in the previous year, the company posted $0.99 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Wedbush on Jan 25, 2017 to Neutral, Raises Price Target to $ 100 from a previous price target of $90 .Alibaba Group Holding Ltd was Initiated by Bernstein on Jan 11, 2017 to Outperform, Price Target of the shares are set at $117.Alibaba Group Holding Ltd was Upgraded by Standpoint Research to Accumulate on Jan 9, 2017. Alibaba Group Holding Ltd was Resumed by Morgan Stanley on Dec 8, 2016 to Overweight, Price Target of the shares are set at $130.
Alibaba Group Holding Limited operates online and mobile marketplaces in retail and wholesale trade, as well as cloud computing and other services. It provides technology and services to enable consumers, merchants, and other participants to conduct commerce in its ecosystem. The Company operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace. Alibaba Group Holding Limited is headquartered in Hangzhou, the Peoples Republic of China.