Details On BABA Stock After A Likely Post Of $31.65B Quarterly Sales


Brokerages are expecting Alibaba Holding Ltd to announce $31.65B sales in the present quarter, as reported by Zacks. Alibaba had issues with $23.19B sales in this same quarter, the previous year that indicated a very positive annualized rate of growth is 36.5%.

On Friday, NYSE: BABA stock started in the stock market from $264.54 with a market cap standing at $715.75B. The quick, current, and debt-to-equity quotient are 1.99, 1.99, and 0.12. Their 50-day rolling average is at $280.76 while the 200-day rolling average is at $262.40. The lowest in 12 months is $169.95 while the highest is $319.32.

The company released its quarterly earnings EPS of $17.97 on 5th November that surpassed the $1.69 consensus estimate by almost $16.28. Their revenue was $155.06B, surpassing the $155B estimate. The net margin was 22.56% with return equity being 12.74%.

BABA Stock Transactions

Zacks issued a price target of $280 to BABA stock and demoted their rating to ‘hold’ from ‘buy’. Oppenheimer raised the price objective to $335 from $325 and gave a rating of ‘outperform’. Bank of America lifted it to $317 from $301 and gave a rating of ‘buy’. 140166 raised it to $350 from $275 and Truist promoted it to $308 from $285. 3 equities analysts gave a rating of ‘hold’, 23 gave ‘buy’, and 1 gave ‘strong buy’. At present, it has the consensus ‘buy’ rating with a $313.39 target price.

FMR LLC increased its holdings on BABA stock by 22.7%, owning shares worth $6,285,287,000. Morgan Stanley increased their holdings by 7.5% and own $6,002,544,000 worth of shares. Canada Pension Plan increased its holdings by 32%, owning shares worth $3,648,788,000. FIL Ltd increased its holdings by almost 0.7%, owning $3,543,411,000 worth shares, Fisher Management increased its holdings by approximately 2.2%, and its own shares worth $2,922,654,000. Institutional investors own stocks worth 37.36%.

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