Equities analysts expect Alibaba Group Holding Limited (NYSE:BABA) to report earnings of $0.73 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Alibaba Group Holding Limited’s earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.63. Alibaba Group Holding Limited reported earnings of $0.52 per share during the same quarter last year, which would indicate a positive year over year growth rate of 40.4%. The business is scheduled to issue its next quarterly earnings results before the market opens on Thursday, August 10th.

According to Zacks, analysts expect that Alibaba Group Holding Limited will report full-year earnings of $3.67 per share for the current financial year, with EPS estimates ranging from $3.38 to $3.97. For the next year, analysts anticipate that the company will report earnings of $5.03 per share, with EPS estimates ranging from $4.48 to $5.53. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Alibaba Group Holding Limited.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.01. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same quarter in the previous year, the business posted $0.47 EPS.

BABA has been the subject of a number of research reports. Benchmark Co. initiated coverage on shares of Alibaba Group Holding Limited in a report on Tuesday, April 18th. They issued a “buy” rating and a $140.00 target price for the company. MKM Partners reissued a “buy” rating and issued a $130.00 target price on shares of Alibaba Group Holding Limited in a report on Tuesday, April 18th. Standpoint Research cut shares of Alibaba Group Holding Limited from a “buy” rating to a “reduce” rating in a report on Thursday, April 20th. They noted that the move was a valuation call. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $131.78 target price for the company. in a report on Tuesday, May 2nd. Finally, Needham & Company LLC increased their target price on shares of Alibaba Group Holding Limited from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $140.99.

Alibaba Group Holding Limited (NYSE:BABA) traded up 3.59% during midday trading on Monday, reaching $158.84. 15,905,465 shares of the company’s stock traded hands. The company has a market cap of $401.87 billion, a P/E ratio of 63.28 and a beta of 2.64. Alibaba Group Holding Limited has a 52-week low of $83.17 and a 52-week high of $160.39. The stock has a 50-day moving average of $146.12 and a 200 day moving average of $119.67.

Alibaba Group Holding Limited declared that its Board of Directors has initiated a share repurchase program on Thursday, May 18th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Several institutional investors have recently modified their holdings of the company. Reliance Trust Co. of Delaware boosted its position in shares of Alibaba Group Holding Limited by 31.5% in the first quarter. Reliance Trust Co. of Delaware now owns 10,216 shares of the specialty retailer’s stock worth $1,101,000 after buying an additional 2,448 shares in the last quarter. Hartwell J M Limited Partnership boosted its position in shares of Alibaba Group Holding Limited by 6.1% in the first quarter. Hartwell J M Limited Partnership now owns 49,750 shares of the specialty retailer’s stock worth $5,365,000 after buying an additional 2,850 shares in the last quarter. CWM LLC boosted its position in shares of Alibaba Group Holding Limited by 2.7% in the first quarter. CWM LLC now owns 11,665 shares of the specialty retailer’s stock worth $1,258,000 after buying an additional 304 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Alibaba Group Holding Limited by 6.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 893,522 shares of the specialty retailer’s stock worth $96,348,000 after buying an additional 51,629 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Alibaba Group Holding Limited by 4.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 47,222 shares of the specialty retailer’s stock worth $5,092,000 after buying an additional 1,912 shares in the last quarter. Institutional investors own 36.75% of the company’s stock.

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About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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