Alibaba Group (NYSE:BABA) Posts Earnings Results, Misses Estimates By $0.07 EPS

Alibaba Group (NYSE:BABA) posted its quarterly earnings results on Thursday. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07), Zacks reports. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion.

Alibaba Group Trading Up 8.3 %

BABA opened at $136.26 on Friday. The stock has a market capitalization of $323.74 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 0.53 and a beta of 0.31. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group has a twelve month low of $68.36 and a twelve month high of $144.51. The company has a 50-day simple moving average of $94.31 and a 200 day simple moving average of $92.42.

Analyst Ratings Changes

BABA has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Bank of America boosted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Barclays lifted their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Citigroup upped their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.36.

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.