Alibaba Group (NYSE:BABA) Announces Quarterly Earnings Results, Beats Estimates By $0.35 EPS

Alibaba Group (NYSE:BABAGet Free Report) released its earnings results on Thursday. The specialty retailer reported $15.63 EPS for the quarter, beating the consensus estimate of $15.28 by $0.35, MarketWatch Earnings reports. The firm had revenue of $224.79 billion during the quarter, compared to analysts’ expectations of $224.48 billion. Alibaba Group had a net margin of 9.45% and a return on equity of 12.55%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 EPS.

Alibaba Group Stock Performance

Alibaba Group stock opened at $77.60 on Friday. The company’s 50-day moving average is $84.54 and its two-hundred day moving average is $87.58. Alibaba Group has a 1 year low of $74.58 and a 1 year high of $121.30. The company has a market cap of $199.10 billion, a PE ratio of 16.69 and a beta of 0.67. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.14.

Alibaba Group Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Thursday, January 18th. Shareholders of record on Thursday, December 21st will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, December 20th.

Analyst Ratings Changes

BABA has been the subject of several research analyst reports. Citigroup cut their target price on shares of Alibaba Group from $151.00 to $147.00 in a research note on Monday, October 9th. HSBC lowered their price target on shares of Alibaba Group from $142.00 to $135.00 in a report on Monday, October 9th. Sanford C. Bernstein boosted their price target on shares of Alibaba Group from $98.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, August 11th. Morgan Stanley lowered their price target on shares of Alibaba Group from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Robert W. Baird boosted their price target on shares of Alibaba Group from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 11th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Alibaba Group has an average rating of “Buy” and an average price target of $131.20.

Get Our Latest Analysis on Alibaba Group

Institutional Trading of Alibaba Group

A number of large investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC increased its stake in Alibaba Group by 21.2% during the 2nd quarter. Wolff Wiese Magana LLC now owns 630 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 110 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Alibaba Group by 1.9% during the second quarter. Capital Investment Advisory Services LLC now owns 6,166 shares of the specialty retailer’s stock worth $514,000 after acquiring an additional 112 shares in the last quarter. Alta Capital Management LLC raised its holdings in shares of Alibaba Group by 3.9% during the second quarter. Alta Capital Management LLC now owns 3,114 shares of the specialty retailer’s stock worth $260,000 after acquiring an additional 117 shares during the period. RDA Financial Network lifted its position in Alibaba Group by 0.6% in the 2nd quarter. RDA Financial Network now owns 20,446 shares of the specialty retailer’s stock valued at $1,704,000 after acquiring an additional 120 shares in the last quarter. Finally, Liberty One Investment Management LLC increased its holdings in Alibaba Group by 1.8% during the 1st quarter. Liberty One Investment Management LLC now owns 6,887 shares of the specialty retailer’s stock worth $704,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 14.22% of the company’s stock.

About Alibaba Group

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Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

See Also

Earnings History for Alibaba Group (NYSE:BABA)

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