Alibaba Group (NYSE:BABA) Posts Earnings Results, Misses Expectations By $0.07 EPS

Alibaba Group (NYSE:BABA) posted its earnings results on Thursday. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07), Zacks reports. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%.

Alibaba Group Trading Up 7.9 %

Shares of Alibaba Group stock traded up $9.88 on Thursday, reaching $135.67. The company had a trading volume of 98,094,136 shares, compared to its average volume of 28,293,729. The firm has a market cap of $322.35 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 0.54 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s 50-day moving average price is $93.37 and its two-hundred day moving average price is $92.11. Alibaba Group has a 1 year low of $68.36 and a 1 year high of $144.51.

Analyst Upgrades and Downgrades

BABA has been the subject of several analyst reports. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Barclays cut their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Finally, Robert W. Baird boosted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.93.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.