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 Down 1.9 %

NYSE:BABA traded down $1.82 during mid-day trading on Monday, hitting $92.95. The company's stock had a trading volume of 89,920 shares, compared to its average volume of 29,125,975. The company's 50 day simple moving average is $105.22 and its 200 day simple moving average is $103.39. Alibaba Group has a twelve month low of $73.28 and a twelve month high of $186.26. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $251.98 billion, a price-to-earnings ratio of 52.65, a PEG ratio of 1.59 and a beta of 0.58.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. HSBC decreased their price objective on shares of Alibaba Group from $146.00 to $141.00 and set a "buy" rating for the company in a research report on Tuesday, July 5th. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $115.00 to $130.00 in a report on Tuesday, July 19th. Robert W. Baird reduced their price target on shares of Alibaba Group from $160.00 to $144.00 and set an "outperform" rating for the company in a research report on Monday, May 23rd. Barclays cut their target price on shares of Alibaba Group from $170.00 to $161.00 and set an "overweight" rating for the company in a research report on Friday, May 27th. Finally, The Goldman Sachs Group raised their target price on shares of Alibaba Group from $163.00 to $167.00 in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $166.53.