The stock of Alibaba Group Holding Limited (NYSE:BABA) last traded at $96.56, down -0.35% from the previous session.
Data from the available sources indicates that Alibaba Group Holding Limited (NYSE:BABA) is covered by 59 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1325.67 and a low of $517.99, we find $996.40. Given the previous closing price of $96.90, this indicates a potential upside of 928.28 percent. BABA stock price is now 8.27% away from the 50-day moving average and 7.40% away from the 200-day moving average. The market capitalization of the company currently stands at $247.64B.
In total, 6 analysts have assigned it a hold rating, and 47 have given it a buy rating. Brokers who have rated the stock have averaged $974.38 as their price target over the next twelve months.
With the price target reduced from $130 to $98, Bernstein Downgraded its rating from Outperform to Mkt Perform for Alibaba Group Holding Limited (NYSE: BABA).
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 HARDMAN JOHNSTON GLOBAL ADVISORS LLC during the first quarter worth $137,612,000. THIRD POINT LLC invested $128,082,000 in shares of BABA during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Alibaba Group Holding Limited valued at approximately $98,660,000. WHALE ROCK CAPITAL MANAGEMENT LLC acquired a new stake in BABA for approximately $97,657,000. KIRKOSWALD ASSET MANAGEMENT LLC purchased a new stake in BABA valued at around $95,150,000 in the second quarter. In total, there are 1,818 active investors with 14.70% ownership of the company’s stock.
With an opening price of $97.78 on Monday 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 $121.30. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.80, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $203.51B, which is based on a 25.02 price-to-earnings ratio, a 3.08 price-to-earnings-growth ratio, and a beta of 0.69. The fifty day moving average price for BABA is $89.50 and a two-hundred day moving average price translates $90.01 for the stock.
The latest earnings results from Alibaba Group Holding Limited (NYSE: BABA) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at $1.5, beating analysts’ expectations of $1.32 by 0.18. This compares to -$0.97 EPS in the same period last year. The net profit margin was 8.30% and return on equity was 7.50% for BABA. The company reported revenue of $30.76 billion for the quarter, compared to $33.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.16 percent. For the current quarter, analysts expect BABA to generate $31.39B 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, a digital retail platform; Tmall, a third-party online and mobile commerce platform; 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 retail platform for groceries and fresh goods; and Tmall Global, an import e-commerce platform. The company also operates 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, big data, and IoT services; and hardware, software license, software installation, and application development and maintenance services. Additionally, it operates Youku, an online video platform; Quark, a platform for information search, storage, and consumption; 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.
