Alibaba Group (NYSE:BABA) posted its earnings results on Thursday. The specialty retailer reported $18.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.86 by $16.33, Briefing.com reports. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. The business had revenue of $161.46 billion for the quarter, compared to analyst estimates of $156 billion. During the same quarter in the prior year, the firm earned $12.19 EPS. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year.
BABA traded down $0.73 on Friday, hitting $219.63. 10,674,646 shares of the company were exchanged, 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. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. Alibaba Group has a 12 month low of $147.95 and a 12 month high of $231.14. The stock has a market capitalization of $557.62 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.41 and a beta of 2.21.
BABA has been the topic of several research reports. ValuEngine downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. Vertical Group started coverage on shares of Alibaba Group in a research report on Wednesday, October 23rd. They issued a “buy” rating on the stock. HSBC started coverage on Alibaba Group in a research note on Wednesday, November 27th. They set a “buy” rating and a $197.70 target price for the company. Mizuho increased their target price on Alibaba Group from $225.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada began coverage on Alibaba Group in a report on Thursday, January 2nd. They set a “buy” rating and a $240.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $236.49.
About Alibaba Group
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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