Alibaba Group (NYSE:BABA) released its earnings results on Friday. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $8.61, MarketWatch Earnings reports. Alibaba Group had a return on equity of 15.82% and a net margin of 34.90%. The business had revenue of $114.31 billion during the quarter, compared to the consensus estimate of $108.31 billion. During the same period last year, the business posted $8.57 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. Alibaba Group updated its FY 2021
Pre-Market guidance to EPS.
NYSE BABA opened at $199.70 on Friday. Alibaba Group has a 52-week low of $147.95 and a 52-week high of $231.14. The company has a fifty day moving average of $201.56 and a 200-day moving average of $203.72. The company has a market capitalization of $539.82 billion, a P/E ratio of 34.78, a P/E/G ratio of 1.40 and a beta of 1.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 1.75.
Several brokerages recently weighed in on BABA. Royal Bank of Canada reissued a “buy” rating on shares of Alibaba Group in a report on Thursday. SunTrust Banks increased their target price on Alibaba Group from $212.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Robert W. Baird reaffirmed a “buy” rating and issued a $230.00 price target on shares of Alibaba Group in a report on Tuesday, April 14th. ValuEngine raised Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Finally, Oppenheimer increased their price objective on Alibaba Group from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and an average price target of $244.32.
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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