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MarketScreener Homepage  >  Equities  >  Nyse  >  Alibaba Group Holding    BABA

ALIBABA GROUP HOLDING

(BABA)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 07/07 11:54:56 am
238.995 USD   -0.42%
04:35pMagic Leap Taps Microsoft Executive Peggy Johnson as New CEO
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Magic Leap Taps Microsoft Executive Peggy Johnson as New CEO

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07/07/2020 | 11:35am EDT

By Dave Sebastian

Magic Leap Inc., the maker of augmented-reality headsets, Tuesday named a top Microsoft Corp. executive, Peggy Johnson, as its new chief executive officer effective Aug. 1.

Ms. Johnson served as executive vice president of business development at Microsoft, a role in which she handled the company's relationship with the venture-capital space. She will succeed founder Rony Abovitz, who in May said he was stepping down. Mr. Abovitz will remain as CEO during the transition period.

Before joining Microsoft in 2014, Ms. Johnson was at Qualcomm Inc. for 24 years, during which she held positions in engineering, sales, marketing and business development.

In April, Mr. Abovitz said the company laid off a number of its staff, from Mr. Abovitz's direct reports to factory employees, as it aimed to cut costs amid the Covid-19 pandemic.

The spatial-computing startup has raised $3.48 billion in funding, including $350 million this year, according to PitchBook data. The company was valued at about $6.69 billion as of April 2019, the data show. Its investors include Alphabet Inc.'s venture arm, Alibaba Group Holding Ltd. and Qualcomm Ventures.

Write to Dave Sebastian at dave.sebastian@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING -0.29% 239.17 Delayed Quote.13.15%
ALPHABET INC. 1.16% 1515.38 Delayed Quote.11.97%
MICROSOFT CORPORATION 1.25% 213.09 Delayed Quote.30.79%
QUALCOMM, INC. -0.10% 92.77 Delayed Quote.4.13%
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Latest news on ALIBABA GROUP HOLDING
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Financials
Sales 2020 504 B 71 742 M 71 742 M
Net income 2020 148 B 21 078 M 21 078 M
Net cash 2020 288 B 40 970 M 40 970 M
P/E ratio 2020 30,5x
Yield 2020 -
Capitalization 4 518 B 644 B 643 B
EV / Sales 2019
EV / Sales 2020 8,40x
Nbr of Employees 117 600
Free-Float 100,0%
Chart ALIBABA GROUP HOLDING
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Technical analysis trends ALIBABA GROUP HOLDING
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Average target price 1 874,90 CNY
Last Close Price 1 683,31 CNY
Spread / Highest target 46,5%
Spread / Average Target 11,4%
Spread / Lowest Target -4,98%
EPS Revisions
Managers
NameTitle
Yong Zhang Executive Chairman & Chief Executive Officer
John Michael Evans President & Director
Wei Wu CFO & Head-Strategic Investments
Chung Hsin Tsai Executive Vice Chairman
Yun Ma Director
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