Alibaba Group (NYSE:BABA) Issues Earnings Results

Alibaba Group (NYSE:BABA) released its quarterly earnings data on Friday. The specialty retailer reported $15.06 EPS for the quarter, topping 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 company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the firm earned $1.82 EPS. Alibaba Group’s revenue for the quarter was up 5.2% on a year-over-year basis.

Alibaba Group Price Performance

NYSE:BABA traded down $0.45 during mid-day trading on Monday, reaching $88.14. The stock had a trading volume of 5,129,631 shares, compared to its average volume of 17,638,953. Alibaba Group has a one year low of $66.63 and a one year high of $117.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a 50 day moving average price of $98.18 and a two-hundred day moving average price of $85.70. The stock has a market capitalization of $211.04 billion, a P/E ratio of 17.85, a P/E/G ratio of 0.39 and a beta of 0.35.

Analyst Upgrades and Downgrades

BABA has been the subject of several analyst reports. Truist Financial cut their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Loop Capital restated a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Bank of America increased their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group restated a “buy” rating and set a $116.00 price target on shares of Alibaba Group in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.53.

Alibaba Group Company Profile

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.