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 topic of several other research reports. RBC Capital Markets reaffirmed an outperform rating and set a $105.00 target price on shares of Alibaba Group Holding in a report on Thursday, August 11th. Needham & Company LLC reaffirmed a buy rating on shares of Alibaba Group Holding in a report on Monday, June 27th. Raymond James Financial Inc. raised shares of Alibaba Group Holding from an outperform rating to a strong-buy rating and increased their target price for the company from $95.00 to $124.00 in a report on Friday, August 12th. Evercore ISI reaffirmed a buy rating and set a $98.00 target price on shares of Alibaba Group Holding in a report on Tuesday, July 26th. Finally, Wedbush increased their target price on shares of Alibaba Group Holding from $80.00 to $90.00 and gave the company a neutral rating in a report on Friday, August 12th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $112.19.
Alibaba Group Holding (NYSE:BABA) traded down 0.20% during trading on Thursday, reaching $101.95. 7,506,189 shares of the company traded hands. The firm has a market capitalization of $252.12 billion, a price-to-earnings ratio of 36.14 and a beta of 2.95. The firm’s 50 day moving average price is $103.04 and its 200 day moving average price is $86.54. Alibaba Group Holding has a 12-month low of $59.25 and a 12-month high of $109.87.
Alibaba Group Holding (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.11. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.57 billion. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. During the same quarter in the prior year, the firm earned $0.59 EPS. Equities research analysts expect that Alibaba Group Holding will post $3.29 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in BABA. 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 valued at $191,000 after buying an additional 31 shares during the period. Wedbush Securities Inc. increased its position in Alibaba Group Holding by 1.0% in the second quarter. Wedbush Securities Inc. now owns 3,198 shares of the company’s stock valued at $254,000 after buying an additional 33 shares during the period. 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 valued at $127,000 after buying an additional 39 shares during the period. Integrated Wealth Management increased its position in Alibaba Group Holding by 2.1% in the second quarter. Integrated Wealth Management now owns 3,376 shares of the company’s stock valued at $268,000 after buying an additional 70 shares during the period. Finally, BOKF NA increased its position in Alibaba Group Holding by 0.8% in the second quarter. BOKF NA now owns 9,485 shares of the company’s stock valued at $754,000 after buying an additional 73 shares during the period. 29.07% of the stock is currently 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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