Erste Group Bank Predicts Higher Earnings for Alibaba Group

Alibaba Group Holding Limited (NYSE:BABA) – Equities researchers at Erste Group Bank boosted their FY2027 earnings per share (EPS) estimates for shares of Alibaba Group in a report issued on Wednesday, February 18th. Erste Group Bank analyst H. Engel now expects that the specialty retailer will post earnings per share of $8.02 for the year, up from their previous forecast of $7.99. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Alibaba Group’s current full-year earnings is $7.86 per share.

Several other research analysts have also recently weighed in on BABA. Benchmark reissued a “buy” rating and issued a $195.00 price target on shares of Alibaba Group in a report on Tuesday, November 25th. Jefferies Financial Group decreased their target price on Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Morgan Stanley dropped their price target on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Arete Research upgraded Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Wednesday, January 21st. Finally, Sanford C. Bernstein decreased their price objective on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.17.

Alibaba Group Stock Performance

NYSE BABA opened at $154.60 on Monday. The stock has a market cap of $369.10 billion, a PE ratio of 21.35, a P/E/G ratio of 3.38 and a beta of 0.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a 50-day moving average of $158.99 and a 200-day moving average of $156.76. Alibaba Group has a 52-week low of $95.73 and a 52-week high of $192.67.

Institutional Trading of Alibaba Group

A number of institutional investors have recently modified their holdings of the stock. Ameriflex Group Inc. raised its stake in Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 72 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $30,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $30,000. NBT Bank N A NY boosted its position in shares of Alibaba Group by 231.5% during the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 125 shares in the last quarter. Finally, Costello Asset Management INC bought a new position in Alibaba Group in the fourth quarter valued at approximately $34,000. 13.47% of the stock is currently owned by institutional investors.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.