Alibaba Group Holding Limited (NYSE:BABA) buoyant before earnings

Alibaba Group Holding Limited (NYSE:BABA) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $120.34, up by 0.15%, with a volume of 9,823,899 shares against an average volume for the last 30 days of 9,179,856.

Alibaba Group Holding Limited (BABA) reported last quarter earnings figures on January 24th. The company announced actual earnings per share of $9.02 against the consensus Street estimate of $7.69. This represents a year-on-year increase of earning per share of $2.59 from corresponding quarter of last year. Alibaba Group Holding Limited posted revenue of $53.25 billion.

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Alibaba Group Holding Limited (BABA) reported last quarter earnings figures on January 24th. The company announced actual earnings per share of $9.02 against the consensus Street estimate of $7.69. This represents a year-on-year increase of earning per share of $2.59 from corresponding quarter of last year. Alibaba Group Holding Limited posted revenue of $53.25 billion.

The company is currently valued at $300.28 billion and closed the last trading session at $120.34. The stock has 50-day moving average of $110.38 and a 200-day moving average of $100.68.

Alibaba Group Holding Limited (NYSE:BABA) is currently trading 0.13% below its 52-week-high, 64.17% above its 52-week-low and in the range of $106.76-$120.5 over the past month. The 1-year range for the stock is $73.3-$120.5. Alibaba Group Holding Limited (BABA) has a price to book ratio of 7.75 versus S&P 500 average of 3.07. The company’s share price has outperformed the S&P 500 year to date by over 28.33%.

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There are currently forty-six analysts that we track that cover BABA. Of those forty-six, forty-two have a buy rating, four have a hold rating, and . On a consensus basis this yields to a Buy. The overall consensus target price stands at $131.39 which represents an upside of 9.18% from the last closing price of $120.34.

Recently, several research firms updated their ratings on the stock. Indeed, in the last five days, an average price target of $129.88 has been given to the stock, which represents an upside of 7.92% from the last closing price.

Indeed, J.P. Morgan maintained their overweight stance on May 15th, with a target price of $140, which represents an upside of 16.34% from the last closing price. Another research firm, Blue Lotus Capital Advisors Ltd., maintained their hold stance on the same day , with a target price of $123, which translates into an upside of 2.21%. Finally, TH Capital LLC reiterated their buy stance on April 27th, with a target price of $128.

Company Profile

Alibaba Group Holding Limited operates as a holding company. The Company provides internet infrastructure, e-commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding offers its products and services worldwide.

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