Alibaba Group (NYSE:BABA - Get Free Report) released its earnings results on Friday. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19, Briefing.com reports. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same period last year, the business earned $1.82 earnings per share. The business's revenue was up 5.2% on a year-over-year basis.
Alibaba Group Price Performance
BABA stock traded up $0.78 during mid-day trading on Monday, hitting $89.37. The company had a trading volume of 13,482,414 shares, compared to its average volume of 17,669,006. The company has a market capitalization of $213.99 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 0.39 and a beta of 0.35. Alibaba Group has a 12-month low of $66.63 and a 12-month high of $117.82. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $98.18 and a 200 day moving average price of $85.70.
Analyst Upgrades and Downgrades
BABA has been the subject of a number of research analyst reports. Loop Capital reaffirmed a "buy" rating and issued a $115.00 target price on shares of Alibaba Group in a research report on Thursday, August 29th. Macquarie raised shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 target price for the company in a research report on Monday, October 7th. StockNews.com downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Bank of America lifted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Mizuho lifted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Alibaba Group currently has an average rating of "Moderate Buy" and a consensus target price of $114.53.
Read Our Latest Stock Analysis on Alibaba Group
About Alibaba Group
(
Get Free Report)
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.
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