Equities research analysts expect that Alibaba Group Holding Limited (NYSE:BABA) will report $7.78 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Alibaba Group Holding Limited’s earnings, with the highest sales estimate coming in at $7.94 billion and the lowest estimate coming in at $7.55 billion. Alibaba Group Holding Limited posted sales of $5.14 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 51.4%. The business is expected to issue its next quarterly earnings results on Wednesday, November 1st.

On average, analysts expect that Alibaba Group Holding Limited will report full-year sales of $7.78 billion for the current fiscal year, with estimates ranging from $34.11 billion to $36.69 billion. For the next year, analysts anticipate that the firm will post sales of $47.96 billion per share, with estimates ranging from $45.57 billion to $50.76 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Alibaba Group Holding Limited.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The company had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the firm posted $0.74 EPS.

Several analysts recently commented on BABA shares. Vetr upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 price target for the company in a research report on Monday, August 28th. Stifel Nicolaus raised their price objective on shares of Alibaba Group Holding Limited from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. BidaskClub downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. lifted their price objective on shares of Alibaba Group Holding Limited to $200.00 and gave the company an “outperform” rating in a research note on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 price objective on shares of Alibaba Group Holding Limited and gave the company a “buy” rating in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-four have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $175.55.

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Alibaba Group Holding Limited (NYSE:BABA) traded up 0.45% during mid-day trading on Wednesday, hitting $179.37. 5,196,072 shares of the stock traded hands. The company has a 50 day moving average of $172.02 and a 200-day moving average of $140.73. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $180.87. The stock has a market cap of $456.14 billion, a PE ratio of 59.53 and a beta of 2.60.

Large investors have recently modified their holdings of the business. Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of Alibaba Group Holding Limited by 0.9% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock valued at $276,000 after acquiring an additional 23 shares during the last quarter. Ronald Blue & Co. LLC lifted its holdings in shares of Alibaba Group Holding Limited by 0.7% during the 2nd quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock worth $487,000 after acquiring an additional 25 shares during the period. Cornerstone Advisors Inc. lifted its holdings in shares of Alibaba Group Holding Limited by 1.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock worth $318,000 after acquiring an additional 30 shares during the period. Comerica Securities Inc. lifted its holdings in shares of Alibaba Group Holding Limited by 1.9% during the 1st quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock worth $272,000 after acquiring an additional 47 shares during the period. Finally, Mosaic Family Wealth LLC lifted its holdings in shares of Alibaba Group Holding Limited by 2.9% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock worth $261,000 after acquiring an additional 52 shares during the period. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

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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