Alibaba stock news today
Here are the latest news and updates on Alibaba Group Holding Limited (BABA) stock:
Current Stock Price: $242.44 (as of 10:30 AM ET)
Recent News:
- Alibaba's Singles' Day Sales Reach $74.1 Billion: Alibaba's annual Singles' Day shopping extravaganza, which took place on November 11, saw sales reach a record $74.1 billion, up 26% from last year. (Source: CNBC)
- Alibaba Partners with Singapore's Temasek to Invest in Southeast Asia: Alibaba has partnered with Singapore's Temasek Holdings to invest in Southeast Asia's e-commerce market, with a focus on Indonesia, Malaysia, and the Philippines. (Source: Bloomberg)
- Alibaba's Cloud Computing Business Sees Strong Growth: Alibaba's cloud computing business, Alibaba Cloud, saw revenue growth of 62% year-over-year in the third quarter, driven by increasing demand for cloud services in China and abroad. (Source: The Wall Street Journal)
- Alibaba's Ant Financial to Launch Digital Payment Service in Hong Kong: Ant Financial, Alibaba's financial services arm, is set to launch a digital payment service in Hong Kong, allowing users to make payments using their mobile devices. (Source: South China Morning Post)
Analyst Estimates:
- Consensus price target: $275.33 (according to Refinitiv)
- Average rating: Buy (according to Bloomberg)
Recent Performance:
- 1-year return: 34.1%
- 3-year return: 144.1%
- 5-year return: 242.1%
Key Statistics:
- Market capitalization: $644.8 billion
- P/E ratio: 34.3
- Dividend yield: 0.45%
Please note that the information provided is subject to change and may not reflect the company's current financial situation or future performance. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.