Alibaba Group (NYSE:BABA) Issues Quarterly Earnings Results, Beats Estimates By $13.19 EPS

Alibaba Group (NYSE:BABA) released its quarterly earnings results on Friday. The specialty retailer reported $15.06 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19, Briefing.com reports. The company had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $1.82 earnings per share.

Alibaba Group Price Performance

Shares of BABA traded down $0.10 during trading hours on Monday, hitting $88.49. 5,862,177 shares of the stock were exchanged, compared to its average volume of 17,642,238. The stock’s 50-day moving average price is $98.18 and its two-hundred day moving average price is $85.70. 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 company has a market cap of $211.88 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 0.39 and a beta of 0.35. Alibaba Group has a 12-month low of $66.63 and a 12-month high of $117.82.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Susquehanna reduced their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research note on Monday, August 19th. StockNews.com downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Truist Financial decreased their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 16th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $116.00 price target on shares of Alibaba Group in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.53.

About Alibaba Group

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.