Alibaba Group Holding Ltd (NYSE:BABA) – Investment analysts at Jefferies Financial Group increased their FY2019 earnings estimates for shares of Alibaba Group in a note issued to investors on Sunday, January 20th. Jefferies Financial Group analyst K. Chan now forecasts that the specialty retailer will post earnings per share of $3.38 for the year, up from their previous estimate of $3.28. Jefferies Financial Group currently has a “Buy” rating and a $195.00 target price on the stock. Jefferies Financial Group also issued estimates for Alibaba Group’s FY2020 earnings at $4.89 EPS and FY2021 earnings at $7.01 EPS.

A number of other equities analysts also recently commented on the company. Zacks Investment Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 8th. Deutsche Bank set a $189.00 price objective on Alibaba Group and gave the stock a “buy” rating in a report on Wednesday, October 10th. Goldman Sachs Group increased their price target on Alibaba Group from $241.00 to $247.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. Nomura lowered their price target on Alibaba Group from $224.00 to $202.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, ValuEngine downgraded Alibaba Group from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Two research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $212.41.

NYSE:BABA opened at $152.03 on Wednesday. Alibaba Group has a 52 week low of $129.77 and a 52 week high of $211.70. The company has a market capitalization of $402.15 billion, a P/E ratio of 37.72, a PEG ratio of 1.45 and a beta of 2.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.42 and a current ratio of 1.42.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.19. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The firm had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The firm’s revenue was up 49.6% on a year-over-year basis.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norway Savings Bank lifted its position in Alibaba Group by 640.0% in the fourth quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 160 shares during the period. Ipswich Investment Management Co. Inc. bought a new position in shares of Alibaba Group during the fourth quarter valued at $38,000. Cohen & Steers Inc. lifted its holdings in shares of Alibaba Group by 112.6% during the third quarter. Cohen & Steers Inc. now owns 287 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 152 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Alibaba Group by 77.5% during the fourth quarter. Sound Income Strategies LLC now owns 394 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 172 shares during the period. Finally, Csenge Advisory Group bought a new position in shares of Alibaba Group during the third quarter valued at $63,000. 38.71% of the stock is owned by institutional investors.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Earnings History and Estimates for Alibaba Group (NYSE:BABA)

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