Alibaba Group (NYSE:BABA) Issues Earnings Results

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 Company Profile

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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Earnings History for Alibaba Group (NYSE:BABA)

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