Analysts Anticipate Alibaba Group Holding Ltd (NYSE:BABA) Will Announce Quarterly Sales of $15.28 Billion

Wall Street analysts expect that Alibaba Group Holding Ltd (NYSE:BABA) will post sales of $15.28 billion for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Alibaba Group’s earnings, with estimates ranging from $14.79 billion to $15.87 billion. Alibaba Group posted sales of $13.93 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 9.7%. The business is expected to announce its next earnings results before the market opens on Friday, May 22nd.

According to Zacks, analysts expect that Alibaba Group will report full year sales of $71.50 billion for the current financial year, with estimates ranging from $70.64 billion to $71.94 billion. For the next financial year, analysts forecast that the company will post sales of $95.33 billion, with estimates ranging from $92.30 billion to $102.00 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Alibaba Group.

BABA has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $219.00 price objective for the company. in a research report on Thursday, April 16th. Mizuho increased their price objective on shares of Alibaba Group from $225.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. ValuEngine upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. UBS Group cut their target price on shares of Alibaba Group from $275.00 to $265.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Alibaba Group in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $244.32.

Institutional investors and hedge funds have recently bought and sold shares of the business. Pacifica Partners Inc. bought a new position in Alibaba Group during the 4th quarter valued at about $26,000. Sugarloaf Wealth Management LLC bought a new position in shares of Alibaba Group in the 4th quarter worth approximately $30,000. Nkcfo LLC bought a new position in shares of Alibaba Group in the 1st quarter worth approximately $29,000. Capital Advisors Ltd. LLC lifted its stake in shares of Alibaba Group by 110.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 158 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 83 shares during the period. Finally, Squar Milner Financial Services LLC lifted its stake in shares of Alibaba Group by 111.7% in the 4th quarter. Squar Milner Financial Services LLC now owns 163 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds own 47.92% of the company’s stock.

NYSE BABA traded down $12.46 on Tuesday, hitting $199.70. The company’s stock had a trading volume of 51,896,357 shares, compared to its average volume of 18,121,682. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.14. Alibaba Group has a 1-year low of $147.95 and a 1-year high of $231.14. The company’s 50-day moving average is $201.21 and its 200 day moving average is $203.54. The firm has a market cap of $509.85 billion, a PE ratio of 21.47, a PEG ratio of 1.43 and a beta of 1.60.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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