Alibaba Group Holding Ltd (NYSE:BABA) – Stock analysts at Oppenheimer increased their FY2020 earnings per share (EPS) estimates for shares of Alibaba Group in a note issued to investors on Wednesday, October 17th. Oppenheimer analyst J. Helfstein now anticipates that the specialty retailer will post earnings of $6.47 per share for the year, up from their prior forecast of $6.46.

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

BABA has been the subject of several other research reports. ValuEngine downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $200.00 target price (down previously from $220.00) on shares of Alibaba Group in a research note on Friday, October 12th. Zacks Investment Research downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. UBS Group reaffirmed an “outperform” rating and issued a $210.00 target price (down previously from $230.00) on shares of Alibaba Group in a research note on Thursday. Finally, Jefferies Financial Group set a $208.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $222.48.

Shares of NYSE BABA opened at $142.02 on Friday. Alibaba Group has a fifty-two week low of $135.14 and a fifty-two week high of $211.70. The company has a market capitalization of $379.41 billion, a P/E ratio of 35.24, a price-to-earnings-growth ratio of 1.15 and a beta of 2.41. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26.

A number of institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH lifted its stake in Alibaba Group by 2.4% in the first quarter. Allianz Asset Management GmbH now owns 4,162,271 shares of the specialty retailer’s stock valued at $763,943,000 after acquiring an additional 97,770 shares during the last quarter. Private Capital Group LLC lifted its stake in Alibaba Group by 401.8% in the first quarter. Private Capital Group LLC now owns 1,646 shares of the specialty retailer’s stock valued at $302,000 after acquiring an additional 1,318 shares during the last quarter. Atlantic Trust Group LLC lifted its stake in Alibaba Group by 21.3% in the first quarter. Atlantic Trust Group LLC now owns 134,060 shares of the specialty retailer’s stock valued at $24,606,000 after acquiring an additional 23,551 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Alibaba Group in the first quarter valued at $483,000. Finally, Navellier & Associates Inc lifted its stake in shares of Alibaba Group by 8.2% during the 1st quarter. Navellier & Associates Inc now owns 7,099 shares of the specialty retailer’s stock worth $1,303,000 after buying an additional 538 shares during the last quarter. 38.67% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Outstanding Shares

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.