Alibaba Group Holding Limited (NYSE:BABA) announced its quarterly earnings results on Thursday, November 2nd. The specialty retailer reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.45, Briefing.com reports. The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $7.86 billion. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. During the same period last year, the company posted $0.79 EPS.
Alibaba Group Holding Limited (BABA) opened at $185.13 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $474,910.00, a P/E ratio of 52.85, a P/E/G ratio of 1.37 and a beta of 2.60. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $191.22.
BABA has been the subject of several research reports. Macquarie reaffirmed a “buy” rating and set a $245.00 price target on shares of Alibaba Group Holding Limited in a research note on Monday, October 16th. They noted that the move was a valuation call. Vetr raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 price objective for the company in a research report on Monday, August 28th. Stifel Nicolaus lifted their price objective on shares of Alibaba Group Holding Limited from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. Barclays PLC lifted their target price on Alibaba Group Holding Limited from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 31st. Finally, BidaskClub downgraded Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $184.45.
About Alibaba Group Holding Limited
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, 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 (China) and internationally.