Alibaba Group (BABA) Issues Earnings Results, Beats Estimates By $7.82 EPS

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Alibaba Group (NYSE:BABA) announced its quarterly earnings data on Wednesday. The specialty retailer reported $8.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $7.82, Briefing.com reports. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The firm had revenue of $93.50 billion for the quarter, compared to the consensus estimate of $91.68 billion. During the same quarter last year, the business posted $5.73 earnings per share. The firm’s revenue was up 51.0% compared to the same quarter last year. Alibaba Group updated its FY 2020 guidance to EPS.

Shares of NYSE BABA opened at $175.10 on Thursday. Alibaba Group has a twelve month low of $129.77 and a twelve month high of $211.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $435.42 billion, a PE ratio of 43.45, a PEG ratio of 1.41 and a beta of 2.27.

A number of research firms have commented on BABA. Barclays lifted their target price on Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. KeyCorp restated an “overweight” rating and issued a $240.00 target price (up previously from $210.00) on shares of Alibaba Group in a research report on Tuesday, May 7th. ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, Robert W. Baird lifted their target price on Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. One analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $215.37.

Several hedge funds and other institutional investors have recently modified their holdings of BABA. Archford Capital Strategies LLC grew its stake in shares of Alibaba Group by 80.4% in the fourth quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 82 shares in the last quarter. Norway Savings Bank grew its stake in shares of Alibaba Group by 640.0% in the fourth quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 160 shares in the last quarter. Farmers National Bank acquired a new stake in shares of Alibaba Group in the first quarter valued at $25,000. Sontag Advisory LLC acquired a new stake in shares of Alibaba Group in the fourth quarter valued at $27,000. Finally, Cribstone Capital Management LLC acquired a new stake in shares of Alibaba Group in the first quarter valued at $27,000. 40.49% of the stock is owned by institutional investors and hedge funds.

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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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