Alibaba Group (NYSE:BABA – Get Free Report) announced its quarterly earnings results on Thursday. The specialty retailer reported $15.63 earnings per share for the quarter, topping analysts’ consensus estimates of $15.28 by $0.35, MarketWatch Earnings reports. Alibaba Group had a return on equity of 12.55% and a net margin of 9.45%. The company had revenue of $224.79 billion during the quarter, compared to analysts’ expectations of $224.48 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year.
Alibaba Group Trading Down 1.9 %
BABA stock opened at $77.60 on Friday. Alibaba Group has a 1-year low of $74.58 and a 1-year high of $121.30. The firm has a market cap of $199.10 billion, a P/E ratio of 16.69 and a beta of 0.67. The business’s 50 day moving average is $84.54 and its 200-day moving average is $87.58. 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 Announces Dividend
The business also recently disclosed a — dividend, which will be paid on Thursday, January 18th. Stockholders of record on Thursday, December 21st will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, December 20th.
Analyst Ratings Changes
Institutional Investors Weigh In On Alibaba Group
Several large investors have recently modified their holdings of BABA. Fairfield Bush & CO. bought a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $53,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Alibaba Group during the 1st quarter worth approximately $2,452,000. Dakota Wealth Management bought a new stake in Alibaba Group during the 1st quarter worth approximately $390,000. Sequoia Financial Advisors LLC grew its position in Alibaba Group by 11.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,342 shares of the specialty retailer’s stock worth $799,000 after acquiring an additional 743 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its position in Alibaba Group by 46.0% during the 1st quarter. Zions Bancorporation N.A. now owns 7,816 shares of the specialty retailer’s stock worth $850,000 after acquiring an additional 2,464 shares during the last quarter. 14.22% of the stock is currently owned by institutional investors.
Alibaba Group Company Profile
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.
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