IPO Market Feels Chill From Stock Plunge

The Equity Firm lowers its price target from $110 per share to $90 per share. Cantor Fitzgerald set a $100.00 price target on shares of Alibaba Group Holding and gave the company a buy rating in a research report on Monday, May 4th. After the session commenced at $58.16, the stock reached the higher end at $67.48 while it hit a low of $58.

A number of other research firms also recently issued reports on BABA. The company has seen $128 billion decline in market value since that time, Bloomberg reports.

Alibaba fell 3.5 per cent on Monday to close at US$65.80 in New York, dropping below its September IPO price of US$68 as a global market rout revived investors’ concerns about the company’s sales growth.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (Group Deputy CEO) of Willis Group Holdings Plc, Hearn Stephen Patrick sold 1,042 shares at $47.77 on March 2, 2015.

The return on investment for Alibaba Group Holding Limited (BABA) is now 8.20% and weekly performance of -12.490%. T.H. Capital reaffirmed a hold rating on shares of Alibaba Group Holding in a report on Friday, August 14th. This is the consensus analyst rating on the stock based on an arithmetical average of the 11 ratings given by the brokerage analysts covering the company.

Alibaba Group Holding (NYSE:BABA) last posted its quarterly earnings data on Wednesday, August 12th.

If we break down the analyst ratings into a simplified scale, Willis Group Holdings Limited (NYSE:WSH) has a Buy-Sell rating of 2.19. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.43 billion.

Alibaba Group Holding Limited is a holding company.

Alibaba Group Holding Limited is an online and mobile commerce company. The Business supplies wholesale and retail markets accessible through mobile interfaces and both personal computer in the PRC and internationally. Pacific Crest reduced their price objective on Alibaba Group Holding from $104.00 to $94.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. The Company operates Taobao Marketplace, Chinas online shopping destination, Tmall, Chinas third-party platform for brands and retailers and Juhuasuan, Chinas group buying marketplace.