Equities analysts expect Alibaba Group Holding Limited (NYSE:BABA) to report $11.86 billion in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Alibaba Group Holding Limited’s earnings. The lowest sales estimate is $11.55 billion and the highest is $12.26 billion. Alibaba Group Holding Limited reported sales of $7.67 billion in the same quarter last year, which would suggest a positive year over year growth rate of 54.6%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, January 23rd.

According to Zacks, analysts expect that Alibaba Group Holding Limited will report full-year sales of $11.86 billion for the current year, with estimates ranging from $35.21 billion to $36.99 billion. For the next year, analysts expect that the firm will post sales of $49.78 billion per share, with estimates ranging from $47.30 billion to $51.56 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Alibaba Group Holding Limited.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. The business had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the prior year, the firm posted $0.74 earnings per share.

Several research firms recently issued reports on BABA. Vetr raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $206.84 target price on the stock in a research report on Monday. Zacks Investment Research raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research report on Wednesday, November 8th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $220.00 target price (up from $200.00) on shares of Alibaba Group Holding Limited in a research report on Monday, November 6th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $210.00 target price on shares of Alibaba Group Holding Limited in a research report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “buy” rating on shares of Alibaba Group Holding Limited in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $184.45.

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Alibaba Group Holding Limited (NYSE:BABA) traded down $1.87 during midday trading on Friday, hitting $184.54. The company had a trading volume of 17,185,600 shares, compared to its average volume of 14,838,464. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $191.22. The firm has a market cap of $465,590.00, a P/E ratio of 54.19, a price-to-earnings-growth ratio of 1.41 and a beta of 2.60.

Hedge funds have recently modified their holdings of the business. AJO LP boosted its position in Alibaba Group Holding Limited by 55.5% in the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock valued at $18,673,000 after buying an additional 47,324 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Alibaba Group Holding Limited by 18.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock valued at $14,914,000 after buying an additional 16,528 shares during the period. Good Life Advisors LLC purchased a new position in Alibaba Group Holding Limited in the 2nd quarter valued at approximately $218,000. Aperio Group LLC boosted its position in Alibaba Group Holding Limited by 10.6% in the 3rd quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock valued at $33,579,000 after buying an additional 18,663 shares during the period. Finally, Mirador Capital Partners LP purchased a new stake in shares of Alibaba Group Holding Limited during the 2nd quarter worth $220,000. 37.47% of the stock is owned by institutional investors.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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