Alibaba Group (NYSE:BABA) released its quarterly earnings data on Wednesday. The specialty retailer reported $10.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $8.85, MarketWatch Earnings reports. The firm had revenue of $187.40 billion during the quarter, compared to analyst estimates of $180.67 billion. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The business’s revenue for the quarter was up 63.9% compared to the same quarter last year. During the same period in the prior year, the company posted $9.20 earnings per share.
Shares of NYSE:BABA opened at $206.08 on Friday. The company’s 50-day moving average price is $229.59 and its two-hundred day moving average price is $250.00. Alibaba Group has a one year low of $194.03 and a one year high of $319.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $557.58 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.
An institutional investor recently raised its position in Alibaba Group stock. Camden National Bank increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 56.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,238 shares of the specialty retailer’s stock after buying an additional 9,866 shares during the period. Camden National Bank’s holdings in Alibaba Group were worth $6,339,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 40.38% of the company’s stock.
Alibaba Group Company Profile
Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.