Alibaba Group Holding Ltd Forecasted to Post FY2019 Earnings of $3.64 Per Share (BABA)

Share on StockTwits

Alibaba Group Holding Ltd (NYSE:BABA) – Equities researchers at Jefferies Financial Group boosted their FY2019 earnings estimates for Alibaba Group in a report released on Wednesday, April 17th. Jefferies Financial Group analyst K. Chan now expects that the specialty retailer will earn $3.64 per share for the year, up from their prior forecast of $3.52.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Robert W. Baird lifted their price objective on shares of Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, March 29th. Barclays lifted their price objective on shares of Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday. SunTrust Banks restated a “buy” rating and set a $200.00 price objective (up from $180.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Finally, Sanford C. Bernstein restated a “mkt perform” rating on shares of Alibaba Group in a research note on Monday, January 14th. One investment analyst has rated the stock with a sell rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $211.54.

NYSE:BABA opened at $187.55 on Thursday. The company has a market cap of $480.34 billion, a price-to-earnings ratio of 46.54, a P/E/G ratio of 1.57 and a beta of 2.30. Alibaba Group has a twelve month low of $129.77 and a twelve month high of $211.70. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping the consensus estimate of $1.36 by $10.83. The company had revenue of $117.28 billion for the quarter, compared to the consensus estimate of $118.52 billion. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. Alibaba Group’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of BABA. Bank of New York Mellon Corp increased its holdings in Alibaba Group by 7.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,025,024 shares of the specialty retailer’s stock worth $498,402,000 after acquiring an additional 213,658 shares in the last quarter. Blue Fin Capital Inc. increased its holdings in Alibaba Group by 27.0% in the 3rd quarter. Blue Fin Capital Inc. now owns 8,387 shares of the specialty retailer’s stock worth $1,382,000 after acquiring an additional 1,783 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Alibaba Group by 19.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 48,928 shares of the specialty retailer’s stock worth $8,061,000 after acquiring an additional 7,843 shares in the last quarter. HPM Partners LLC increased its holdings in Alibaba Group by 46.5% in the 3rd quarter. HPM Partners LLC now owns 5,536 shares of the specialty retailer’s stock worth $912,000 after acquiring an additional 1,758 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in Alibaba Group by 213.7% in the 3rd quarter. Koshinski Asset Management Inc. now owns 3,865 shares of the specialty retailer’s stock worth $637,000 after acquiring an additional 2,633 shares in the last quarter. Hedge funds and other institutional investors own 40.27% of the company’s stock.

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.

See Also: How to Use a Moving Average for Trading 

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.