Alibaba Group (NYSE:BABA – Get Free Report) issued its quarterly earnings results on Thursday. The specialty retailer reported $15.63 EPS for the quarter, beating analysts’ consensus estimates of $15.28 by $0.35, MarketWatch Earnings reports. The company had revenue of $224.79 billion during the quarter, compared to the consensus estimate of $224.48 billion. Alibaba Group had a return on equity of 12.55% and a net margin of 9.45%. Alibaba Group’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $1.50 earnings per share.
Alibaba Group Price Performance
NYSE:BABA opened at $77.60 on Friday. The firm has a market capitalization of $199.10 billion, a price-to-earnings ratio of 16.69 and a beta of 0.67. Alibaba Group has a 52-week low of $74.58 and a 52-week high of $121.30. The stock has a fifty day moving average of $84.54 and a 200 day moving average of $87.58. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.92 and a current ratio of 1.92.
Alibaba Group Dividend Announcement
The firm also recently disclosed a — dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 21st will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, December 20th.
Institutional Investors Weigh In On Alibaba Group
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on BABA. Benchmark reissued a “buy” rating and issued a $150.00 target price on shares of Alibaba Group in a research report on Friday. Susquehanna reissued a “positive” rating and issued a $160.00 target price on shares of Alibaba Group in a research report on Thursday, August 31st. Morgan Stanley decreased their target price on Alibaba Group from $150.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday. Robert W. Baird raised their target price on Alibaba Group from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Finally, DZ Bank raised Alibaba Group from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Friday, August 11th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $131.20.
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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