Alibaba Group’s stock is owned by a number of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Nordea Investment Management AB (0.10%), Mizuho Securities Co. Ltd. (0.10%), Genesis Investment Management LLP (0.09%), Cutler Group LP (0.00%) and Daily Journal Corp (0.01%). MarketBeat’s community ratings are surveys of what our community members https://dotbig.com/markets/stocks/BABA/ think about Alibaba Group and other stocks. Vote “Outperform” if you believe BABA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BABA will underperform the S&P 500 over the long term. Alibaba’s flailing earnings are another major reason for the drop in value; some analysts suggested that the company has reached the end of its growth potential.
Net income for the quarter fell by around 75%, due in part to a goodwill impairment. And earnings per share of $2.65 were down 23% from a year ago. The average holding in Ark Innovation , Ark Investment Management’s Forex news namesake flagship exchange-traded fund, is currently down over 70% from its 5-year high. Predictions about more competition for Tesla are a little like Elon Musk’s predictions for fully autonomous cars.
Delayed Data From Nyse
Its revenue rose 35% in fiscal 2020 and 41% in fiscal 2021 , but analysts anticipates just 20% growth in fiscal 2022 and 15% growth in fiscal 2023. The technique has proven to be very useful for finding positive surprises. While Alibaba was not one of the five companies named, the announcement sparked fears that other China-based firms could ultimately be removed from American stock exchanges. Since November Forex 2020, Alibaba and its shares have been significantly hurt by Beijing’s initiatives targeting the tech sector. At the end of 2020, the Chinese government prevented Alibaba’s subsidiary, Ant Group, from launching an initial public offering. The conglomerate had previously planned to purchase $15 billion of BABA stock. In the previous week, Alibaba Group had 6 more articles in the media than Visa.
- The value of Alibaba’s planned $25 billion share buyback is now equal to 8% of the stock’s market capitalization of $315 billion.
- If the market continues to correct, we could very well see shares move lower.
- Holders of depositary receipts can hand their U.S. shares back to the depositary bank to register a conversion, which then swaps them into Hong Kong-listed shares at a set ratio.
- And earnings per share of $2.65 were down 23% from a year ago.
- The average holding in Ark Innovation , Ark Investment Management’s namesake flagship exchange-traded fund, is currently down over 70% from its 5-year high.
The majority of Alibaba’s revenue in 2021 and LTM still predominantly comes from their Core Commence business at ~86%. Its cloud computing business has definitely grown over the years to contribute 8.7% of its revenue. The remaining revenue is split between its Digital Media and Innovation initiatives.
Data Rules Risk Making China digital Island, Companies Say
As of March 31st, there was short interest totaling 36,350,000 shares, a decrease of 19.1% from the March 15th total of 44,930,000 shares. Based on an average trading volume of 32,940,000 shares, the short-interest ratio is presently 1.1 days. Some of that drop can be blamed on general uncertainty about how the Chinese https://www.forextime.com/education/forex-trading-for-beginners government plans to regulate stocks traded on U.S. exchanges. Alibaba was founded in 1999 by Jack Ma and 17 friends and students as a China-based B2B Marketplace site. Their goal was to improve the domestic e-commerce market for Chinese businesses and assist in exporting Chinese products to the global market.
However, the decrease in its margin is definitely a concern for investors. A reason for the decline BABA stock price in margin was due to the record US$2.8B fine that it had paid due to breach of Chinese regulations.