Consumer services

Alibaba Group (BABA) set to announce quarterly results on Thursday

Alibaba Group (NYSE:BABA – Get Rating) will release quarterly earnings data ahead of market open Thursday, November 17. Analysts expect the company to report earnings of $1.37 per share for the quarter. Individuals wishing to register for the company’s earnings conference call can do so using this link.

Alibaba Group shares fall 4.8%

BABA opened at $64.84 on Thursday. The company has a market capitalization of $171.71 billion, a PE ratio of 36.02, a growth price-earnings ratio of 0.72 and a beta of 0.50. The company has a 50-day simple moving average of $78.31 and a two-hundred-day simple moving average of $91.59. The company has a quick ratio of 1.72, a current ratio of 1.72 and a leverage ratio of 0.13. Alibaba Group has a 52-week low of $58.01 and a 52-week high of $169.94.

Alibaba Group Institutional Trade

Several institutional investors have recently changed their positions in the company. Colony Group LLC increased its stake in Alibaba Group shares by 13.1% in the second quarter. Colony Group LLC now owns 6,877 shares of the specialty retailer valued at $782,000 after purchasing an additional 795 shares last quarter. Ancora Advisors LLC increased its holdings of Alibaba Group shares by 73.8% in the first quarter. Ancora Advisors LLC now owns 2,405 shares of the specialty retailer valued at $545,000 after purchasing an additional 1,021 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of Alibaba Group in Q2 valued at approximately $444,000. Private Advisory Group LLC bought a new stake in shares of Alibaba Group in the first quarter worth $396,000. Finally, Dakota Wealth Management acquired a new position in Alibaba Group during the first quarter worth approximately $390,000. 14.81% of the shares are currently held by institutional investors and hedge funds.

Analysts set new price targets

Several analysts have weighed in on the company recently. StockNews.com began covering Alibaba Group in a research report on Wednesday, October 12. They set a “hold” rating for the company. Morgan Stanley lowered its price target on Alibaba Group shares from $110.00 to $90.00 in a Monday, October 31 report. Deutsche Bank Aktiengesellschaft raised its target price on Alibaba Group from $155.00 to $160.00 in a Monday, August 8 research report. Barclays lowered its price target on Alibaba Group from $135.00 to $114.00 and set an “overweight” rating on the stock in a Friday, October 28 research report. Finally, Sanford C. Bernstein upgraded Alibaba Group from a “market performance” rating to an “outperform” rating and increased its target price for the company from $115.00 to $130.00 in a research report from Tuesday, July 19. Three research analysts gave the stock a hold rating and nineteen gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.46.

Alibaba Group Company Profile

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Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers and other businesses 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.

See also

Alibaba Group Earnings History (NYSE: BABA)

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