Nine analysts have issued estimates for Alibaba Group's earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $0.76. The institutional investor held 45,092 shares of the telecommunications equipment company at the end of 2017Q4, valued at $1.75M, up from 32,531 at the end of the previous reported quarter. The firm is scheduled to issue its next earnings report before the market opens on Friday, May 4th.
Revenue surged 61% versus a year ago to 61.93 billion yuan, more than the expectation for 58.96 billion yuan. It reported adjusted earnings per share of 5.73 yuan versus the 5.5 yuan average estimate.
Want the latest recommendations from Zacks Investment Research? More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Marketwatch.com and their article: "Alibaba preview: Plenty of reasons to pay attention to payments" published on May 04, 2018 as well as Seekingalpha.com's news article titled: "Alibaba: It Just Keeps Getting Better" with publication date: April 24, 2018. The highest sales estimate is $9.58 billion and the lowest is $8.82 billion. The business had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. It has a return on equity (ROE) of 21.50%. During the same quarter previous year, the firm posted $1.30 earnings per share.
Total analysts of 16 have positions in Alibaba Group Holding Ltd (NYSE:BABA) as follows: 16 rated it a "Buy", 0 with "Sell" and 0 with "Hold". Vetr upgraded shares of Alibaba Group from a "buy" rating to a "strong-buy" rating and set a $209.09 price target for the company in a research note on Monday, February 19th. Oppenheimer maintained the stock with "Outperform" rating in Monday, November 6 report. As per Friday, August 28, the company rating was maintained by Canaccord Genuity. The stock has "Buy" rating by TH Capital on Friday, October 23. The stock increased 0.47% or $0.2 during the last trading session, reaching $42.8. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. They expect $0.71 EPS, up 82.05% or $0.32 from last year's $0.39 per share. The company rating was maintained by KeyBanc Capital Markets on Friday, February 2. For a total of 22,000 shares it reduced its holding in Spdr Gold Trust (Call) (GLD) by 618,000 shares in the quarter, and has cut its stake in Bitauto Hldgs Ltd (NYSE:BITA). Johanson Financial Advisors Inc.'s holdings in Alibaba Group were worth $2,233,000 as of its most recent SEC filing. Earnings per share serves as an indicator of a company's profitability. 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%.
BABA hit $178.7 during the last trading session after $2.75 change.Alibaba Group Holding Limited has volume of 14.86 million shares. Tygh Capital Mngmt Inc owns 193,264 shares or 0.35% of their U.S. portfolio. Finally, Fisher Asset Management LLC grew its holdings in shares of Alibaba Group by 3.7% in the fourth quarter.
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