According to Zacks, “Alibaba Group is a Chinese e-Commerce giant which caters mainly to its native market. Alibaba Group’s fiscal first-quarter results exceeded the Zacks Consensus Estimate. The solid growth in Alibaba’s China retail and mobile business as well as strength across most of the core operating metrics aided the results. The company’s dominance in the mobile commerce market, its continued efforts to develop new products, international growth opportunities and strong financial position are all positives. However, macro headwinds, continued investments and increasing competition from Tencent Holdings and Baidu remain the overhangs.”
BABA has been the subject of a number of other reports. Cantor Fitzgerald reiterated a buy rating on shares of Alibaba Group Holding in a research report on Sunday, July 10th. Brean Capital reiterated a buy rating on shares of Alibaba Group Holding in a research report on Tuesday, August 2nd. Evercore ISI restated a buy rating and set a $98.00 price objective on shares of Alibaba Group Holding in a research report on Wednesday, June 15th. Bank of America Corp. restated a buy rating and set a $117.00 price objective (up from $110.00) on shares of Alibaba Group Holding in a research report on Tuesday, September 20th. Finally, Credit Suisse Group AG restated an outperform rating and set a $114.00 price objective (up from $110.00) on shares of Alibaba Group Holding in a research report on Wednesday, July 20th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the stock. Alibaba Group Holding currently has an average rating of Buy and an average target price of $113.22.
Alibaba Group Holding (NYSE:BABA) opened at 103.34 on Thursday. The stock has a 50 day moving average price of $103.74 and a 200-day moving average price of $87.19. The firm has a market cap of $255.56 billion, a P/E ratio of 36.63 and a beta of 2.94. Alibaba Group Holding has a 1-year low of $59.25 and a 1-year high of $109.87.
Alibaba Group Holding (NYSE:BABA) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. The company earned $4.84 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the previous year, the business earned $0.59 earnings per share. Equities research analysts forecast that Alibaba Group Holding will post $3.29 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. increased its position in Alibaba Group Holding by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock worth $127,000 after buying an additional 39 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Alibaba Group Holding by 1.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,407 shares of the company’s stock worth $191,000 after buying an additional 31 shares in the last quarter. Pinnacle Financial Partners Inc. bought a new position in Alibaba Group Holding during the second quarter worth $201,000. Tokio Marine Asset Management Co. Ltd. bought a new position in Alibaba Group Holding during the second quarter worth $207,000. Finally, United Asset Strategies Inc. bought a new position in Alibaba Group Holding during the second quarter worth $210,000. 29.15% of the stock is owned by hedge funds and other institutional investors.
Alibaba Group Holding Company Profile
Alibaba Group Holding Limited is a holding company. The Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (the PRC or China) and internationally.
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