Alibaba Group (NYSE:BABA) Posts Quarterly Earnings Results

Alibaba Group (NYSE:BABA) posted its earnings results on Thursday. The specialty retailer reported $18.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $16.33, Briefing.com reports. The business had revenue of $161.46 billion for the quarter, compared to analyst estimates of $156 billion. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. The firm’s revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $12.19 EPS.

BABA traded down $0.73 during trading on Friday, hitting $219.63. The stock had a trading volume of 10,672,548 shares, compared to its average volume of 14,743,257. The company has a 50 day moving average price of $217.82 and a 200-day moving average price of $189.21. The firm has a market cap of $557.62 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.41 and a beta of 2.21. Alibaba Group has a one year low of $147.95 and a one year high of $231.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.38.

BABA has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a report on Thursday, December 12th. HSBC initiated coverage on Alibaba Group in a report on Wednesday, November 27th. They set a “buy” rating and a $197.70 target price on the stock. Mizuho boosted their target price on Alibaba Group from $225.00 to $255.00 and gave the stock a “buy” rating in a report on Friday. DZ Bank initiated coverage on Alibaba Group in a report on Wednesday, January 22nd. They set a “buy” rating and a $260.00 target price on the stock. Finally, Macquarie initiated coverage on Alibaba Group in a report on Wednesday, November 27th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $236.49.

Alibaba Group Company Profile

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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Earnings History for Alibaba Group (NYSE:BABA)

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