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NYA:BABA, Sep 21, 03:34 UTC

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Ma’s Departure and the Trade War Will Not Stop Alibaba Stock

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Founder Jack Ma stepped down as chairman, a role that now belongs to current CEO Daniel Zhang. Although leadership transitions always bring some degree of uncertainty, it so far does not look like a factor that will hurt Alibaba stock. Source: zhu difeng / Shutterstock.com. However, several external issues have held down BABA stock. Many worry about the change in leadership. However, Alibaba made the transition a years-long process that has involved little in the way of surprise. Thus far, it looks like it will resemble that of Tim Cook taking over at Apple (NASDAQ:AAPL) as opposed to the transition that preceded Jeff Immelt’s disastrous tenure at GE (NYSE:GE). Since Zhang has become a known quantity, I do not see Alibaba making radical changes. Would an end to the trade war help? Since the beginning of the trade dispute hurt Alibaba stock, it stands to reason that BABA may recover some of that lost value. However, the status of Alibaba Group as a Chinese company, as well as the nature of Alibaba stock itself, will probably prevent it from achieving a significantly higher valuation.

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Bluestein R H & Co. Boosts Holdings in Alibaba Group Holding Ltd (NYSE:BABA) – Riverton Roll

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A number of other hedge funds and other institutional investors have also recently modified their holdings of BABA. M Holdings Securities Inc. now owns 8,790 shares of the specialty retailer’s stock valued at $1,604,000 after acquiring an additional 685 shares during the last quarter. Soma Equity Partners LP raised its stake in shares of Alibaba Group by 6.7% in the first quarter. Soma Equity Partners LP now owns 480,000 shares of the specialty retailer’s stock valued at $87,576,000 after acquiring an additional 30,000 shares during the last quarter. Stifel Nicolaus boosted their price objective on shares of Alibaba Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. During the same quarter last year, the firm earned $1.01 earnings per share. As a group, analysts expect that Alibaba Group Holding Ltd will post 5.81 EPS for the current year.

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Alibaba Group Holding Ltd (NYSE:BABA) Shares Sold by First Republic Investment Management Inc. – Riverton Roll

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Commerce Bank now owns 4,678 shares of the specialty retailer’s stock valued at $793,000 after purchasing an additional 180 shares during the last quarter. Sound View Wealth Advisors Group LLC bought a new position in shares of Alibaba Group in the second quarter worth about $475,000. Stifel Nicolaus boosted their price objective on shares of Alibaba Group from $220.00 to $225.00 and gave the company a “buy” rating in a report on Friday, August 16th. The company has a market cap of $450.54 billion, a P/E ratio of 50.27, a PEG ratio of 1.09 and a beta of 2.28. Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally.

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BB&T Securities LLC Has $23.41 Million Holdings in Alibaba Group Holding Ltd (NYSE:BABA) – Mayfield Recorder

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BB&T Securities LLC raised its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 21.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Stifel Nicolaus boosted their price objective on Alibaba Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The stock has a market capitalization of $450.54 billion, a price-to-earnings ratio of 50.27, a PEG ratio of 1.09 and a beta of 2.28.

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BB&T Securities LLC Has $23.41 Million Stock Position in Alibaba Group Holding Ltd (NYSE:BABA) – TechNewsObserver

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BB&T Securities LLC raised its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 21.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $195.72. The stock has a market capitalization of $450.54 billion, a P/E ratio of 50.27, a P/E/G ratio of 1.09 and a beta of 2.28. Stifel Nicolaus boosted their price objective on Alibaba Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, August 16th.

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Allianz Asset Management GmbH Acquires 318,935 Shares of Alibaba Group Holding Ltd (NYSE:BABA) – TechNewsObserver

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Allianz Asset Management GmbH raised its position in Alibaba Group Holding Ltd (NYSE:BABA) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). Shares of BABA stock traded up $0.46 during trading hours on Thursday, hitting $180.46. The company had a trading volume of 15,099,463 shares, compared to its average volume of 16,068,878. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72.

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AIA Group Ltd Acquires Shares of 1,836,510 Alibaba Group Holding Ltd (NYSE:BABA) – TechNewsObserver

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AIA Group Ltd purchased a new stake in Alibaba Group Holding Ltd (NYSE:BABA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. One equities research analyst has rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. 15,099,463 shares of the stock traded hands, compared to its average volume of 16,068,878. Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally.

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Thursday, September 19


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Alibaba Group Holding Ltd (NYSE:BABA) Shares Sold by Eagle Global Advisors LLC – Mayfield Recorder

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Eagle Global Advisors LLC cut its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 14.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. A number of other institutional investors have also bought and sold shares of the business. Royal Bank of Canada set a $210.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Monday, August 12th. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $195.72.

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Starbucks & Alibaba Team Up to Offer Voice Ordering in China

BABA SBUX

Starbucks Corporation SBUX is poised to take delivery services to the next level. To this end, the company has signed a partnership deal with Alibaba Group Holding Limited BABA for offering voice ordering and delivery to its customers in China. Following the deal, Starbucks began delivery services in Beijing and Shanghai via Alibaba's Ele.me platform.Starbucks China's VP of digital ventures, Molly Liu, stated that “We are focused on ensuring that Starbucks voice ordering is truly personal, and we look forward to offering our customers more convenient moments and new opportunities to engage with Starbucks on a single integrated platform as they move throughout the day.”Digitalization to Drive GrowthPer eServices report, global online food delivery market is worth $95 billion. Starbucks' business in China is rapidly growing due to innovative store designs, local product innovations and the success of the MSR program.Recently, the company also inked a deal with Uber Eats to roll out Starbucks Delivers across the United States by early 2020.

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Wednesday, September 18


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D.A. Davidson & CO. Sells 9,598 Shares of Alibaba Group Holding Ltd (NYSE:BABA) – Riverton Roll

BABA

Finally, Asset Dedication LLC increased its stake in shares of Alibaba Group by 12.4% in the 2nd quarter. Asset Dedication LLC now owns 636 shares of the specialty retailer’s stock valued at $108,000 after acquiring an additional 70 shares in the last quarter. The firm has a market capitalization of $455.88 billion, a price-to-earnings ratio of 50.14, a P/E/G ratio of 1.10 and a beta of 2.28. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $195.72. KeyCorp lifted their price target on shares of Alibaba Group from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, August 16th.

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