Alibaba Group Stock Forecast, Price & News

Alibaba Group's stock was trading at $198.91 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BABA stock has increased by 55.8% and is now trading at $309.92.
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28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alibaba Group in the last year. There are currently 1 hold rating, 26 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Alibaba Group is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
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Alibaba Group will be holding an earnings conference call on Thursday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Alibaba Group Holding Limited (NYSE:BABA) issued its quarterly earnings results on Thursday, August, 20th. The specialty retailer reported $14.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $13.28. The specialty retailer earned $153.75 billion during the quarter, compared to the consensus estimate of $147.30 billion. Alibaba Group had a return on equity of 14.13% and a net margin of 31.96%. Alibaba Group's quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the business earned $12.55 EPS.
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28 Wall Street analysts have issued 1 year target prices for Alibaba Group's stock. Their forecasts range from $197.70 to $360.00. On average, they anticipate Alibaba Group's share price to reach $298.96 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
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Media headlines about BABA stock have trended positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Alibaba Group earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned headlines about the specialty retailer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.
View the latest news about Alibaba Group.

Alibaba Group saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 46,470,000 shares, an increase of 18.0% from the September 15th total of 39,390,000 shares. Based on an average trading volume of 14,140,000 shares, the short-interest ratio is presently 3.3 days.
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Some companies that are related to Alibaba Group include Visa (V), Mastercard (MA), Paypal (PYPL), Accenture (ACN), Pinduoduo (PDD), Fidelity National Information Services (FIS), Mercadolibre (MELI), Uber Technologies (UBER), NetEase (NTES), Global Payments (GPN), eBay (EBAY), CoStar Group (CSGP), Msci (MSCI), Zillow Group (ZG) and Zillow Group (Z).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Alibaba Group investors own include NVIDIA (NVDA), Micron Technology (MU), General Electric (GE), Canopy Growth (CGC), Netflix (NFLX), Tesla (TSLA), The Walt Disney (DIS), Paypal (PYPL), Advanced Micro Devices (AMD) and salesforce.com (CRM).

Alibaba Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BABA."

Alibaba Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Genesis Investment Management LLP (0.15%), WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST (0.11%), Standard Life Aberdeen plc (0.11%), E Fund Management Hong Kong Co. Ltd. (0.02%), Candriam Luxembourg S.C.A. (0.02%) and Envestnet Asset Management Inc. (0.02%).

BABA stock was sold by a variety of institutional investors in the last quarter, including James Hambro & Partners, Genesis Investment Management LLP, Redpoint Investment Management Pty Ltd, Cambiar Investors LLC, Assenagon Asset Management S.A., Nissay Asset Management Corp Japan ADV, Hexavest Inc., and Neumann Advisory Hong Kong Ltd.

BABA stock was purchased by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Milestone Resources Group Ltd, Fulcrum Asset Management LLP, E Fund Management Hong Kong Co. Ltd., Standard Life Aberdeen plc, Obermeyer Wood Investment Counsel Lllp, WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST, and Avantax Advisory Services Inc..

Shares of BABA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BABA stock can currently be purchased for approximately $309.92.

Alibaba Group has a market capitalization of $838.53 billion and generates $71.99 billion in revenue each year. The specialty retailer earns $21.10 billion in net income (profit) each year or $6.03 on an earnings per share basis. Alibaba Group employs 117,600 workers across the globe.

The official website for Alibaba Group is www.alibabagroup.com.

Alibaba Group's mailing address is 26/F TOWER ONE TIMES SQUARE 1 MATHESON ST. CAUSEWAY BAY, Hong Kong K3, . The specialty retailer can be reached via phone at 852-2215-5100.