Alibaba Group (NYSE:BABA) released its quarterly earnings data 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 company had revenue of $161.46 billion for the quarter, compared to analysts’ expectations of $156 billion. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the company earned $12.19 earnings per share.
NYSE:BABA traded down $0.73 during midday trading on Friday, reaching $219.63. The stock had a trading volume of 10,669,275 shares, compared to its average volume of 14,743,257. The firm has a fifty day simple moving average of $217.82 and a two-hundred day simple moving average of $189.21. Alibaba Group has a 12-month low of $147.95 and a 12-month high of $231.14. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. The stock has a market cap of $557.62 billion, a P/E ratio of 26.37, a P/E/G ratio of 1.41 and a beta of 2.21.
A number of equities analysts have recently commented on BABA shares. Daiwa Capital Markets started coverage on shares of Alibaba Group in a report on Thursday, January 9th. They issued a “buy” rating on the stock. Robert W. Baird set a $200.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a report on Friday, November 1st. Oppenheimer lifted their target price on shares of Alibaba Group from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday. Benchmark reaffirmed a “buy” rating and issued a $275.00 target price (up from $220.00) on shares of Alibaba Group in a report on Friday. They noted that the move was a valuation call. Finally, Royal Bank of Canada started coverage on shares of Alibaba Group in a report on Thursday, January 2nd. They issued a “buy” rating and a $240.00 target price on the stock. One investment 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 company. The stock presently has a consensus rating of “Buy” and an average 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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