Alibaba Group (NYSE:BABA) posted its earnings results on Thursday. The specialty retailer reported $18.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $16.33, Briefing.com reports. The business had revenue of $161.46 billion for the quarter, compared to analyst estimates of $156 billion. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. The firm’s revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $12.19 EPS.
BABA traded down $0.73 during trading on Friday, hitting $219.63. The stock had a trading volume of 10,672,548 shares, compared to its average volume of 14,743,257. The company has a 50 day moving average price of $217.82 and a 200-day moving average price of $189.21. The firm has a market cap of $557.62 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.41 and a beta of 2.21. Alibaba Group has a one year low of $147.95 and a one year high of $231.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.38.
BABA has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a report on Thursday, December 12th. HSBC initiated coverage on Alibaba Group in a report on Wednesday, November 27th. They set a “buy” rating and a $197.70 target price on the stock. Mizuho boosted their target price on Alibaba Group from $225.00 to $255.00 and gave the stock a “buy” rating in a report on Friday. DZ Bank initiated coverage on Alibaba Group in a report on Wednesday, January 22nd. They set a “buy” rating and a $260.00 target price on the stock. Finally, Macquarie initiated coverage on Alibaba Group in a report on Wednesday, November 27th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $236.49.
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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