The stock of Alibaba Group Holding Limited (NYSE:BABA) last traded at $78.16, down -1.44% from the previous session.
Data from the available sources indicates that Alibaba Group Holding Limited (NYSE:BABA) is covered by 50 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1580.00 and a low of $503.95, we find $967.03. Given the previous closing price of $79.30, this indicates a potential upside of 1119.46 percent. BABA stock price is now 1.75% away from the 50-day moving average and -18.30% away from the 200-day moving average. The market capitalization of the company currently stands at $204.01B.
In total, 6 analysts have assigned it a hold rating, and 41 have given it a buy rating. Brokers who have rated the stock have averaged $964.01 as their price target over the next twelve months.
With the price target enhanced from $115 to $130, Bernstein Upgraded its rating from Mkt Perform to Outperform for Alibaba Group Holding Limited (NYSE: BABA). On May 16, 2022, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Overweight’ on the stock increasing its target price from $75 to quote $130, while ‘Goldman’ rates the stock as ‘Buy’.
A total of 0.01% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BABA stock. A new stake in Alibaba Group Holding Limited shares was purchased by ASPEX MANAGEMENT (HK) LTD during the first quarter worth $432,529,000. VIKING GLOBAL INVESTORS LP invested $97,419,000 in shares of BABA during the first quarter. In the first quarter, NUVEEN ASSET MANAGEMENT, LLC acquired a new stake in Alibaba Group Holding Limited valued at approximately $79,325,000. ARIOSE CAPITAL MANAGEMENT LTD acquired a new stake in BABA for approximately $75,063,000. RWC ASSET ADVISORS (US) LLC purchased a new stake in BABA valued at around $65,536,000 in the second quarter. In total, there are 1,908 active investors with 15.60% ownership of the company’s stock.
With an opening price of $80.32 on Wednesday morning, Alibaba Group Holding Limited (NYSE: BABA) set off the trading day. During the past 12 months, Alibaba Group Holding Limited has had a low of $58.01 and a high of $169.94. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for BABA is $76.82 and a two-hundred day moving average price translates $95.67 for the stock.
The latest earnings results from Alibaba Group Holding Limited (NYSE: BABA) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at $1.62, beating analysts’ expectations of $1.44 by 0.18. This compares to $2.41 EPS in the same period last year. The net profit margin was 4.60% and return on equity was 4.10% for BABA. The company reported revenue of $30.69 billion for the quarter, compared to $31.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.69 percent. For the current quarter, analysts expect BABA to generate $29.06B in revenue.
Alibaba Group Holding Limited(BABA) Company Profile
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People’s Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. It operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; Freshippo, a self-operated retail chain; and Tmall Global, an import e-commerce platform. The company also operates Taoxianda, an online-offline integration service for FMCG brands and third-party grocery retail partners; Cainiao Network logistic services platform; Ele.me, an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, it offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, the company provides elastic computing, storage, network, security, database and big data, and IoT services. Additionally, it operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency mobile app; and Tmall Genie smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People’s Republic of China.