Alibaba Group - BABA Stock Forecast, Price & News

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company 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; and Tmall Global and Kaola, which are import e-commerce platforms. It also operates Lingshoutong that connects FMCG manufacturers and their distributors to small retailers; 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, the company offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, it provides elastic computing, database, storage, virtualization network, large-scale computing, security, management and application, big data analytics, machine learning platform, and Internet of Things services. Additionally, the company 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 app; and Tmall Genie, an AI-enabled smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China.

Alibaba Group Stock Up 1.4 %

Shares of BABA opened at $92.43 on Thursday. Alibaba Group has a 52 week low of $73.28 and a 52 week high of $196.92. The firm's 50-day simple moving average is $105.26 and its 200 day simple moving average is $103.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market cap of $250.57 billion, a P/E ratio of 51.35, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58.

Alibaba Group (NYSE:BABA - Get Rating) last released its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.78. The company had revenue of $204.05 billion during the quarter, compared to analyst estimates of $199.43 billion. Alibaba Group had a net margin of 3.69% and a return on equity of 10.03%. Alibaba Group's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $1.10 earnings per share. On average, analysts forecast that Alibaba Group will post 6.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 5th. Robert W. Baird reduced their price target on Alibaba Group from $160.00 to $144.00 and set an "outperform" rating on the stock in a research report on Monday, May 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Alibaba Group from $155.00 to $160.00 in a report on Monday. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $115.00 to $130.00 in a research report on Tuesday, July 19th. Finally, Bank of America reduced their price objective on Alibaba Group from $162.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat.com, Alibaba Group presently has an average rating of "Moderate Buy" and a consensus target price of $166.53.