Alibaba Group (NYSE:BABA) Announces Earnings Results

Alibaba Group (NYSE:BABA) posted its earnings results on Thursday. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07), Zacks reports. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%.

Alibaba Group Stock Up 6.7 %

Shares of BABA traded up $8.45 during trading hours on Thursday, hitting $134.24. The company had a trading volume of 88,613,665 shares, compared to its average volume of 27,874,783. The firm has a fifty day moving average price of $93.37 and a 200-day moving average price of $92.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $318.95 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 0.54 and a beta of 0.31. Alibaba Group has a 52-week low of $68.36 and a 52-week high of $144.51.

Wall Street Analysts Forecast Growth

BABA has been the topic of several recent research reports. Barclays dropped their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Robert W. Baird raised their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday. Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Citigroup raised their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.93.

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.