Alibaba Group (NYSE:BABA – Get Free Report) released its earnings results on Thursday. The specialty retailer reported $15.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.28 by $0.35, MarketWatch Earnings reports. Alibaba Group had a net margin of 9.45% and a return on equity of 12.55%. The company had revenue of $224.79 billion during the quarter, compared to the consensus estimate of $224.48 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The company’s 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. The business has a fifty day moving average price of $84.54 and a 200 day moving average price of $87.58. Alibaba Group has a fifty-two week low of $74.58 and a fifty-two week high of $121.30. The stock has a market capitalization of $199.10 billion, a price-to-earnings ratio of 16.69 and a beta of 0.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.92.
Alibaba Group Dividend Announcement
The firm also recently declared a — dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 21st will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, December 20th.
Analyst Ratings Changes
Institutional Investors Weigh In On Alibaba Group
A number of hedge funds and other institutional investors have recently bought and sold shares of BABA. Sanders Capital LLC increased its holdings in Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after purchasing an additional 11,473,618 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Alibaba Group by 108,264.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,711,488 shares of the specialty retailer’s stock valued at $326,945,000 after purchasing an additional 3,708,063 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Alibaba Group by 461.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock valued at $365,686,000 after buying an additional 3,464,723 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Alibaba Group by 39.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,034,187 shares of the specialty retailer’s stock worth $1,127,475,000 after acquiring an additional 3,124,057 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Alibaba Group by 650.4% during the first quarter. Envestnet Asset Management Inc. now owns 2,172,551 shares of the specialty retailer’s stock valued at $28,887,000 after acquiring an additional 1,883,022 shares during the period. 14.22% of the stock is owned by institutional investors and hedge funds.
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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