Deutsche Bank set a $204.00 price objective on shares of Alibaba Group and gave the stock a "buy" rating in a research report on Thursday, April 5th. According to the Analysts, the Low Earnings estimate for the current quarter is $7.11, while the High earnings estimate is $10.78.Comparatively, EPS for the same quarter past year was $8.19. Barings LLC lifted its holdings in shares of Alibaba Group by 7,117.7% during the 4th quarter. Year-to-date, BABA has gained 4.71%, versus a -0.66% rise in the benchmark S&P 500 index during the same period.
Alibaba said in April it would seek full control of Ele.me, conferring a value of $9.5 billion on a company now at the forefront of a battle with Tencent-backed Meituan Dianping. 22 are the (NYSE:BABA)'s analyst reports since November 6, 2017 according to StockzIntelligence Inc.
Many analysts have provided their estimated foresights on Alibaba Group Holding Limited Earnings, with 24 analysts believing the company would generate an Average Estimate of $0.84.
The company expects overall revenue growth above 60 percent for fiscal 2019, which reflects its confidence in core business as well as in new businesses. The Return on Equity (ROE) value stands at 21.5%. In case of $0.71 earnings per share BABA's profit could hit $1.82 billion.
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Several brokerages have weighed in on BABA. Currently, the stock has a 1 Year Price Target of $219.45. MKM Partners lifted their price target on Alibaba Group to $260.00 and gave the company a "buy" rating in a report on Friday, February 2nd. In Monday, November 13 report Robert W. Baird maintained the stock with "Buy" rating. Analysts are turning out to be more optimistic than before, with 44 of analysts who cover Alibaba Group Holding Limited (NYSE:BABA) advice adding it to buy candidate list. The Stock now has a Weekly Volatility of 2.50% and Monthly Volatility of 2.59%.
BABA opened at $181.45 on Thursday. The stock closing price is now trading downward to its 50 day moving average with change of -0.80%, escalated to its 20 day moving average with figure of 3.48% and above its 200 day moving average with value 2.12%. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.29. The 52-Week High range of the stock is $206.2, while the 52-week low range is $114. It said adjusted earnings were 91 cents per share, beating the consensus estimate of 88 cents, as polled by Zacks Investment Research.
The spending comes as Alibaba faces increased competition from Chinese rival JD.com Inc, which has partnered with social media and gaming giant Tencent Holdings Ltd on offline retail, marketing and payments. Over the last three months, the shares of the company have changed -11.18% and performed -0.07% over the last six months. OppenheimerFunds Inc. grew its holdings in shares of Alibaba Group by 7.5% in the fourth quarter. The hedge fund run by Beeneet Kothari held 273,977 shares of the business services company at the end of 2017Q4, valued at $47.24 million, down from 294,577 at the end of the previous reported quarter. Westside Investment Management Inc. increased its stake in Alibaba Group by 5.7% in the 3rd quarter. Lomas Capital Management Llc sold 5,323 shares as Alibaba Group Hldg Ltd (BABA)'s stock rose 3.18%. 236.19 million shares or 1.43% less from 239.62 million shares in 2017Q3 were reported. WIM Asset Management HK Ltd acquired a new stake in shares of Alibaba Group during the fourth quarter worth $55,367,000. Harding Loevner Lp bought 741,259 shares as the company's stock rose 3.18% while stock markets declined.