Jefferies Group Weighs in on Alibaba Group Holding Ltd’s FY2018 Earnings (NYSE:BABA)

Alibaba Group Holding Ltd (NYSE:BABA) – Stock analysts at Jefferies Group issued their FY2018 earnings per share (EPS) estimates for Alibaba Group in a research note issued on Monday, Zacks Investment Research reports. Jefferies Group analyst K. Chan anticipates that the specialty retailer will earn $4.04 per share for the year. Jefferies Group has a “Buy” rating and a $240.00 price target on the stock. Jefferies Group also issued estimates for Alibaba Group’s FY2019 earnings at $5.65 EPS and FY2020 earnings at $7.45 EPS.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). The firm had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same period in the previous year, the company posted $1.30 EPS.

A number of other equities analysts also recently weighed in on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $230.00 price target (up previously from $205.00) on shares of Alibaba Group in a research note on Monday, February 5th. Raymond James Financial increased their price target on shares of Alibaba Group to $240.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. MKM Partners increased their price target on shares of Alibaba Group to $260.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus increased their price target on shares of Alibaba Group from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Vetr raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $217.30 price target on the stock in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $211.40.

Alibaba Group (BABA) opened at $176.67 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $452,480.00, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 1.43 and a beta of 2.58. Alibaba Group has a one year low of $100.11 and a one year high of $206.20.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. grew its holdings in Alibaba Group by 18.2% during the 4th quarter. Mawer Investment Management Ltd. now owns 6,500 shares of the specialty retailer’s stock valued at $1,121,000 after purchasing an additional 1,000 shares in the last quarter. Alexandria Capital LLC acquired a new stake in Alibaba Group during the 4th quarter valued at $2,000,000. Vantage Financial Partners Ltd. Inc. acquired a new stake in Alibaba Group during the 4th quarter valued at $839,000. Baird Financial Group Inc. grew its holdings in Alibaba Group by 30.0% during the 4th quarter. Baird Financial Group Inc. now owns 95,926 shares of the specialty retailer’s stock valued at $16,541,000 after purchasing an additional 22,145 shares in the last quarter. Finally, Thomas White International Ltd. grew its holdings in Alibaba Group by 1.7% during the 4th quarter. Thomas White International Ltd. now owns 167,836 shares of the specialty retailer’s stock valued at $28,940,000 after purchasing an additional 2,858 shares in the last quarter. 37.96% of the stock is owned by institutional investors and hedge funds.

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Alibaba Group Company Profile

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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