Alibaba Group (NYSE:BABA) Posts Earnings Results

Alibaba Group (NYSE:BABA) issued its quarterly earnings data on Friday. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19, Briefing.com reports. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same period in the previous year, the company posted $1.82 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.

Alibaba Group Price Performance

BABA stock traded down $0.57 during mid-day trading on Monday, reaching $88.02. 4,484,223 shares of the company traded hands, compared to its average volume of 17,636,059. Alibaba Group has a 52-week low of $66.63 and a 52-week high of $117.82. The company has a market capitalization of $210.75 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.39 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The company has a fifty day moving average price of $98.18 and a 200-day moving average price of $85.70.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BABA shares. JPMorgan Chase & Co. increased their price target on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a research report on Friday, August 23rd. Mizuho increased their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Susquehanna lowered their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.53.

About Alibaba Group

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.