Alibaba Group Holding’s Stock Price Skyrockets to 138.20 HKD, Recording a Stellar +14.31% Increase

Alibaba Group Holding (9988)

138.20 HKD +17.30 (+14.31%) Volume: 318.89M

Alibaba Group Holding’s stock price soars to 138.20 HKD, witnessing a remarkable trading session surge of +14.31% with a hefty trading volume of 318.89M, and an impressive YTD increase of +59.10%, showcasing the robust performance of 9988.

Latest developments on Alibaba Group Holding

Alibaba Group Holding Limited (NYSE:BABA) has been making headlines as its stock price soared by 49% following a massive 333% profit jump, signaling a major turnaround for the company. With revenue surging on the back of artificial intelligence and e-commerce, Alibaba’s stellar Q3 results have investors buzzing. CEO Wu has declared AGI as the company’s primary objective, further driving optimism. The stock surged further after an 8% increase in quarterly profit driven by cloud unit and e-commerce growth. With aggressive buybacks reducing share count by 5%, Alibaba is basking in its success and looking towards global e-commerce profitability in FY25, making it a top pick for hedge funds and investors alike.

Alibaba Group Holding on Smartkarma

Analysts on Smartkarma have been closely monitoring Alibaba Group Holding (9988 HK) as the company gears up for its Q3 earnings announcement on 20 February 2025. Gaudenz Schneider‘s analysis focuses on the options traders navigating the rally and volatility of Alibaba. The tailor-made option strategies traded on the Hong Kong Exchange over the last five days provide insights into the risk profile and yield for investors. As the market anticipates more movement with the earnings announcement, option-implied moves are highlighted in the report.

Another analyst, Brian Freitas, notes that the significant rally in Alibaba over the past month has led to a potential capping in the Hang Seng Indexes in March. With the stock gaining 55% in value, passives are estimated to sell US$1.2bn of stock due to the weight exceeding the cap in various indexes. As the company’s quarterly results are set to be announced on 20 February, shorts have been increasing, adding to the anticipation surrounding Alibaba Group Holding’s performance in the market.

A look at Alibaba Group Holding Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Alibaba Group Holding Limited, a company that provides online sales services, has received moderate scores across the board on Smartkarma Smart Scores. With a Value score of 3, Growth score of 3, and Dividend score of 3, the company seems to be fairly stable in these areas. Additionally, Alibaba Group Holding scored a 4 in both Resilience and Momentum, indicating that it is well-positioned to weather challenges and maintain its upward trajectory in the market.

Overall, Alibaba Group Holding appears to have a positive long-term outlook based on its Smartkarma Smart Scores. The company’s strong Resilience and Momentum scores suggest that it is well-equipped to handle any potential setbacks and continue to grow in the future. While it may not be the top performer in every category, Alibaba Group Holding’s solid scores across the board indicate that it is a reliable and promising investment option for those looking for steady returns in the online sales industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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