Tag Archives: baba

Yahoo OKs New $2 Billion Share Repurchase Program

Yahoo (YHOO) stock rose in after-hours trading Thursday after the Internet company announced that directors has approved an additional share repurchase program of $2 billion that will expire on March 31, 2018. Investors have been pushing Yahoo to use more of its proceeds from the Alibaba (BABA) IPO to buy back more stock. The company had said it would keep buying back stock to return cash to shareholders, AP reported. The new buyback program is in

Alibaba Stock Under Pressure, But Outlook Stays Strong

JPMorgan cut its stock price target on Alibaba Group (BABA) but maintained a positive long-term view on the China Internet giant. “We reiterate our overweight rating on Alibaba shares as we believe the company’s long-term structural growth opportunities and competitive advantages make Alibaba one of the top global Internet platforms,” wrote JPMorgan analyst Alex Yao in a research report Friday. Yao cut his price target on Alibaba to 109 from 117

Alibaba Stock Under Pressure, But Outlook Strong

JPMorgan cut its stock price target on Alibaba Group (BABA) but maintained a positive long-term view on the China Internet giant. “We reiterate our overweight rating on Alibaba shares as we believe the company’s long-term structural growth opportunities and competitive advantages make Alibaba one of the top global Internet platforms,” wrote JPMorgan analyst Alex Yao in a research report Friday. Yao cut his price target on Alibaba to 109 from 117