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BABA

Alibaba

$167.52

-5.05 (-2.93%)

07:45
04/09/18
04/09
07:45
04/09/18
07:45

Alibaba invests in Chinese facial-recognition startup SenseTime, WSJ reports

Alibaba is leading a $600M funding round in Beijing-based SenseTime Group, a maker of surveillance systems which use facial recognition technology for law enforcement and commercial applications, the Wall Street Journal reports, citing a person familiar with the company. Xu Li, the CEO of SenseTime, which is valued at over $4.5B by the funding round, said he sees smart cities and cloud computing as likely areas of cooperation with Alibaba adding, "They have strong infrastructure capabilities to build a cloud and deliver fundamental resources, while we are may be good at building computer vision and related infrastructure. The capabilities between us complement each other quite well." Reference Link

BABA Alibaba
$167.52

-5.05 (-2.93%)

04/05/18
MKMP
04/05/18
NO CHANGE
Target $260
MKMP
Buy
Alibaba Ele.me acquisition marks a significant TAM expansion, says MKM Partners
MKM Partners analyst Rob Sanderson kept his Buy rating and $260 price target on Alibaba, saying the company's acquisition of Ele.me represents a "significant" total addressable market expansion with "meaningful" synergies for retail. Sanderson further notes that the company's core commerce segment will continue seeing robust trends in FY19, and the stock can deliver a notable upside from current levels.
04/05/18
LEHM
04/05/18
NO CHANGE
Target $220
LEHM
Overweight
Alibaba valuation 'quite attractive' at current levels, says Barclays
Following meetings with management, Barclays analyst Gregory Zhao expects Alibaba to "maintain robust growth" in Q4. The company's conventional core commerce and new retail initiatives are "well on track," Zhao tells investors in a research note. He thinks "solid" performance of Tmall and Taobao could help partially offset the loss from online video and new retail. The analyst also expects Ant Financial's profit sharing contribution to rebound in the second half of 2018. Zhao views Alibaba's valuation as "quite attractive" art current share levels and keeps an Overweight rating on the name with a $220 price target. The stock closed yesterday down $2.60 to $172.07.
04/05/18
DBAB
04/05/18
NO CHANGE
Target $204
DBAB
Buy
Alibaba price target lowered to $204 from $218 at Deutsche Bank
Deutsche Bank analyst Han Joon Kim lowered his price target for Alibaba shares to $204 to reflect reduced earnings expectations. The analyst lowered his fiscal 2019 earnings estimates by 12% and fiscal 2020 estimates by 8%, which reflects a moderation of his above-consensus expectation and "slight" margin pressure from competitive dynamics. However, the recent share price correction partially captures the softness in earnings, Kim tells investors in a research note. He thinks the first half of 2018 will likely mark the most severe part of a year-over-year margin degradation for Alibaba. The analyst keeps a Buy rating on the shares.
04/05/18
WELS
04/05/18
NO CHANGE
Target $220
WELS
Outperform
Wells Fargo sees strategic rationale in Alibaba's Ele.me acquisition
Wells Fargo analyst Ken Sena says that while the acquisition of Ele.me will modestly lower Alibaba's margin in the near term, and an argument can be made that a significant premium was paid, there is "supporting strategic rationale" to the deal. The analyst sees synergies with Alibaba's existing local businesses and affiliates such as Hema Fresh Foods, Koubei, and Alipay. To reflect the deal, he increased his fiscal 2019 revenue estimate for Alibaba by 4% to $55.8B, representing 42.9% year-over-year growth. Sena also decreased his fiscal 2019 non-GAAP operating income by 4% to $16.5B. He keeps an Outperform rating on Alibaba shares with a $220 price target.

TODAY'S FREE FLY STORIES

IVC

Invacare

$16.50

0.15 (0.92%)

21:30
08/15/18
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21:30
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  • 12

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PRO

Pros Holdings

$35.39

-1.91 (-5.12%)

20:39
08/15/18
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20:39
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20:39
Syndicate
Pros Holdings 3.8M share Secondary priced at $34.00 »

It appears selling…

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IIN

IntriCon

$63.85

-4.9 (-7.13%)

20:34
08/15/18
08/15
20:34
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20:34
Syndicate
IntriCon 1.5M share Secondary priced at $55.00 »

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  • 06

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ADUS

Addus HomeCare

$59.35

-3.1 (-4.96%)

20:33
08/15/18
08/15
20:33
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20:33
Syndicate
Addus HomeCare 2.1M share Secondary priced at $59.00 »

Jefferies, RBC Capital…

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  • 16

    Aug

LABL

Multi-Color

$63.90

-1 (-1.54%)

20:32
08/15/18
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20:32
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20:32
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Multi-Color rating change  »

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WMT

Walmart

$90.24

-0.565 (-0.62%)

, JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

20:25
08/15/18
08/15
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

WMT

Walmart

$90.24

-0.565 (-0.62%)

JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

03/08/13
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  • 16

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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:09
08/15/18
08/15
19:09
08/15/18
19:09
Hot Stocks
Breaking Hot Stocks news story on 58.com »

58.com sees Q3 revenue…

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  • 16

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  • 10

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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:08
08/15/18
08/15
19:08
08/15/18
19:08
Earnings
58.com reports Q2 adjusted earnings per ADS 82c, consensus 68c »

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  • 16

    Aug

  • 10

    Sep

WAIR

Wesco Aircraft

$13.65

-0.3 (-2.15%)

19:07
08/15/18
08/15
19:07
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19:07
Initiation
Wesco Aircraft initiated at UBS »

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TGI

Triumph Group

$21.10

-0.9 (-4.09%)

19:07
08/15/18
08/15
19:07
08/15/18
19:07
Initiation
Triumph Group initiated at UBS »

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HXL

Hexcel

$68.40

-1.13 (-1.63%)

19:06
08/15/18
08/15
19:06
08/15/18
19:06
Initiation
Hexcel initiated at UBS »

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  • 06

    Nov

ERJ

Embraer

$18.64

-0.495 (-2.59%)

19:05
08/15/18
08/15
19:05
08/15/18
19:05
Initiation
Embraer initiated at UBS »

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CW

Curtiss-Wright

$130.92

-2.42 (-1.81%)

19:04
08/15/18
08/15
19:04
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19:04
Initiation
Curtiss-Wright initiated at UBS »

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LLL

L3 Technologies

$208.08

-1.73 (-0.82%)

19:03
08/15/18
08/15
19:03
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19:03
Initiation
L3 Technologies initiated at UBS »

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GD

General Dynamics

$192.29

-1.33 (-0.69%)

19:03
08/15/18
08/15
19:03
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19:03
Initiation
General Dynamics initiated at UBS »

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BDRBF

Bombardier

$0.00

(0.00%)

19:02
08/15/18
08/15
19:02
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19:02
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Bombardier initiated at UBS »

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HEI

Heico

$76.50

-1.81 (-2.31%)

19:00
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19:00
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19:00
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Heico initiated at UBS »

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  • 28

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  • 13

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  • 06

    Nov

HRS

Harris

$162.73

-2.15 (-1.30%)

18:59
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18:59
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18:59
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Harris initiated at UBS »

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NOC

Northrop Grumman

$291.52

-2.35 (-0.80%)

18:59
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Northrop Grumman initiated at UBS »

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PNC

PNC Financial

$142.03

-0.7 (-0.49%)

, WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

18:57
08/15/18
08/15
18:57
08/15/18
18:57
Periodicals
PNC faces subpoenas over low-income housing tax credits, Bloomberg says »

PNC Financial (PNC) has…

PNC

PNC Financial

$142.03

-0.7 (-0.49%)

WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

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  • 12

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UTX

United Technologies

$131.75

-0.65 (-0.49%)

18:57
08/15/18
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18:57
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18:57
Initiation
United Technologies initiated at UBS »

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  • 17

    Aug

B

Barnes Group

$65.59

-0.26 (-0.39%)

18:56
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18:56
Initiation
Barnes Group initiated at UBS »

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SPR

Spirit AeroSystems

$84.51

-1.6 (-1.86%)

18:55
08/15/18
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18:55
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18:55
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Spirit AeroSystems initiated at UBS »

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TDG

TransDigm

$351.43

-5.195 (-1.46%)

18:54
08/15/18
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18:54
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TransDigm initiated at UBS »

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HII

Huntington Ingalls

$240.82

-2.5 (-1.03%)

18:54
08/15/18
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18:54
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18:54
Initiation
Huntington Ingalls initiated at UBS »

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