Wall Street analysts forecast that Alibaba Group Holding Ltd (NYSE:BABA) will announce $13.03 billion in sales for the current quarter, according to Zacks. Eight analysts have issued estimates for Alibaba Group’s earnings, with the lowest sales estimate coming in at $12.20 billion and the highest estimate coming in at $13.37 billion. Alibaba Group reported sales of $8.29 billion during the same quarter last year, which would suggest a positive year over year growth rate of 57.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Alibaba Group will report full-year sales of $58.11 billion for the current financial year, with estimates ranging from $55.03 billion to $60.21 billion. For the next fiscal year, analysts anticipate that the company will post sales of $80.03 billion per share, with estimates ranging from $75.94 billion to $85.96 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Alibaba Group.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). The business had revenue of $12.23 billion for the quarter, compared to analysts’ expectations of $12.25 billion. Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%.

BABA has been the subject of several analyst reports. Deutsche Bank set a $196.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Thursday, August 23rd. SunTrust Banks decreased their target price on shares of Alibaba Group from $215.00 to $205.00 and set a “buy” rating for the company in a research note on Thursday, August 23rd. BNP Paribas initiated coverage on shares of Alibaba Group in a research note on Thursday, June 14th. They issued a “buy” rating for the company. Argus initiated coverage on shares of Alibaba Group in a research note on Monday, June 25th. They issued a “buy” rating and a $275.00 target price for the company. Finally, Wells Fargo & Co restated a “buy” rating on shares of Alibaba Group in a research note on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $228.60.

Shares of BABA stock opened at $158.89 on Tuesday. The firm has a market capitalization of $413.52 billion, a PE ratio of 39.80, a PEG ratio of 1.15 and a beta of 2.40. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. Alibaba Group has a twelve month low of $152.85 and a twelve month high of $211.70.

A number of institutional investors and hedge funds have recently bought and sold shares of BABA. Riverhead Capital Management LLC acquired a new stake in shares of Alibaba Group during the first quarter worth $110,000. Tyers Asset Management LLC raised its holdings in shares of Alibaba Group by 19.6% during the first quarter. Tyers Asset Management LLC now owns 2,948 shares of the specialty retailer’s stock worth $541,000 after purchasing an additional 484 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Alibaba Group by 37.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 97,835 shares of the specialty retailer’s stock worth $17,957,000 after purchasing an additional 26,592 shares during the period. ProVise Management Group LLC acquired a new stake in shares of Alibaba Group during the first quarter worth $597,000. Finally, Bank Pictet & Cie Asia Ltd. raised its holdings in shares of Alibaba Group by 7.4% during the first quarter. Bank Pictet & Cie Asia Ltd. now owns 29,590 shares of the specialty retailer’s stock worth $5,431,000 after purchasing an additional 2,050 shares during the period. 38.65% of the stock is currently owned by hedge funds and other institutional investors.

About Alibaba Group

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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