Alibaba Group (NYSE:BABA – Get Rating) posted its quarterly earnings results on Thursday. The specialty retailer reported $11.73 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $10.23, Briefing.com reports. Alibaba Group had a net margin of 6.35% and a return on equity of 11.17%. The firm had revenue of $205.56 billion for the quarter, compared to analysts’ expectations of $203.80 billion. During the same quarter in the prior year, the company posted $2.16 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis.
Alibaba Group Stock Performance
NYSE BABA traded down $4.87 during mid-day trading on Friday, reaching $92.56. 27,067,052 shares of the stock were exchanged, compared to its average volume of 29,717,824. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.66 and a current ratio of 1.66. The business’s 50 day moving average is $105.41 and its 200-day moving average is $104.62. The company has a market capitalization of $245.11 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.61 and a beta of 0.58. Alibaba Group has a 1 year low of $73.28 and a 1 year high of $199.32.
Institutional Investors Weigh In On Alibaba Group
A number of hedge funds have recently modified their holdings of BABA. Fairfield Bush & CO. acquired a new stake in Alibaba Group during the first quarter worth about $53,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Alibaba Group during the first quarter worth about $2,452,000. Dakota Wealth Management purchased a new position in Alibaba Group during the first quarter worth about $390,000. Sequoia Financial Advisors LLC boosted its stake in Alibaba Group by 11.3% during the first quarter. Sequoia Financial Advisors LLC now owns 7,342 shares of the specialty retailer’s stock worth $799,000 after buying an additional 743 shares during the period. Finally, Zions Bancorporation N.A. boosted its stake in Alibaba Group by 46.0% during the first quarter. Zions Bancorporation N.A. now owns 7,816 shares of the specialty retailer’s stock worth $850,000 after buying an additional 2,464 shares during the period. 17.39% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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