Alibaba Group Holding Ltd (NYSE:BABA) – Analysts at SunTrust Banks cut their Q2 2019 earnings estimates for shares of Alibaba Group in a research report issued on Wednesday, October 10th. SunTrust Banks analyst Y. Squali now expects that the specialty retailer will post earnings of $0.73 per share for the quarter, down from their prior forecast of $0.83. SunTrust Banks has a “Buy” rating and a $205.00 price objective on the stock. SunTrust Banks also issued estimates for Alibaba Group’s Q3 2019 earnings at $1.25 EPS, Q4 2019 earnings at $0.74 EPS, FY2019 earnings at $3.59 EPS, FY2020 earnings at $4.73 EPS, FY2021 earnings at $6.49 EPS, FY2022 earnings at $8.69 EPS and FY2023 earnings at $11.57 EPS.

A number of other research firms have also weighed in on BABA. ValuEngine lowered Alibaba Group from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. CLSA set a $240.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Monday, September 24th. HSBC began coverage on Alibaba Group in a research note on Wednesday, September 12th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 8th. Finally, MKM Partners cut their price target on Alibaba Group to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-seven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $225.34.

BABA stock opened at $147.29 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 1.44. Alibaba Group has a twelve month low of $135.14 and a twelve month high of $211.70. The firm has a market capitalization of $421.98 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 1.20 and a beta of 2.41.

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

Hedge funds have recently modified their holdings of the stock. RNC Capital Management LLC boosted its holdings in Alibaba Group by 16.9% in the second quarter. RNC Capital Management LLC now owns 1,905 shares of the specialty retailer’s stock worth $353,000 after acquiring an additional 275 shares in the last quarter. Private Asset Management Inc. boosted its holdings in Alibaba Group by 0.9% in the second quarter. Private Asset Management Inc. now owns 30,193 shares of the specialty retailer’s stock worth $5,542,000 after acquiring an additional 276 shares in the last quarter. First United Bank Trust boosted its holdings in Alibaba Group by 4.9% in the second quarter. First United Bank Trust now owns 5,942 shares of the specialty retailer’s stock worth $1,102,000 after acquiring an additional 280 shares in the last quarter. American National Bank boosted its holdings in Alibaba Group by 55.8% in the second quarter. American National Bank now owns 796 shares of the specialty retailer’s stock worth $148,000 after acquiring an additional 285 shares in the last quarter. Finally, Viridian Ria LLC boosted its holdings in Alibaba Group by 5.2% in the second quarter. Viridian Ria LLC now owns 5,749 shares of the specialty retailer’s stock worth $1,067,000 after acquiring an additional 285 shares in the last quarter. 38.64% of the stock is currently 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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