Alibaba Group Holding Limited [NYSE: BABA] loss -2.57% or -5.78 points to close at $219.53 with a heavy trading volume of 17173652 shares. The company report on April 30, 2021 that Alibaba Group Will Announce March Quarter 2021 and Full Fiscal Year 2021 Results on May 13, 2021.
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) announced that it will report its unaudited financial results for the quarter and fiscal year ended March 31, 2021 before the U.S. market opens on Thursday, May 13, 2021, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day.
Details of the conference call are as follows:.
It opened the trading session at $222.87, the shares rose to $222.87 and dropped to $218.56, the range by which the price of stock traded the whole day. The daily chart for BABA points out that the company has recorded -23.71% loss over the past six months. However, it is still -13.14% lower than its most recent low trading price.
If we look at the average trading volume of 15.30M shares, BABA reached to a volume of 17173652 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Alibaba Group Holding Limited [BABA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BABA shares is $314.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BABA stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Alibaba Group Holding Limited shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 25, 2021. While these analysts kept the previous recommendation, Barclays raised their target price from $300 to $320. The new note on the price target was released on August 24, 2020, representing the official price target for Alibaba Group Holding Limited stock. Previously, the target price had yet another raise from $275 to $290, while The Benchmark Company kept a Buy rating on BABA stock.
The Average True Range (ATR) for Alibaba Group Holding Limited is set at 5.39, with the Price to Sales ratio for BABA stock in the period of the last 12 months amounting to 6.00. The Price to Book ratio for the last quarter was 4.09, with the Price to Cash per share for the same quarter was set at 26.26. Price to Free Cash Flow for BABA in the course of the last twelve months was 22.76 with Quick ratio for the last quarter at 1.70.
Trading performance analysis for BABA stock
Alibaba Group Holding Limited [BABA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.85. With this latest performance, BABA shares dropped by -1.69% in over the last four-week period, additionally sinking by -23.71% over the last 6 months – not to mention a rise of 9.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BABA stock in for the last two-week period is set at 34.30, with the RSI for the last a single of trading hit 25.10, and the three-weeks RSI is set at 38.87 for Alibaba Group Holding Limited [BABA]. The present Moving Average for the last 50 days of trading for this stock 232.01, while it was recorded at 225.19 for the last single week of trading, and 259.52 for the last 200 days.
Alibaba Group Holding Limited [BABA]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Alibaba Group Holding Limited [BABA] shares currently have an operating margin of +18.74 and a Gross Margin at +42.67. Alibaba Group Holding Limited’s Net Margin is presently recorded at +29.28.
Return on Total Capital for BABA is now 10.73, given the latest momentum, and Return on Invested Capital for the company is 19.90. Return on Equity for this stock inclined to 23.91, with Return on Assets sitting at 13.07. When it comes to the capital structure of this company, Alibaba Group Holding Limited [BABA] has a Total Debt to Total Equity ratio set at 19.50. Additionally, BABA Total Debt to Total Capital is recorded at 16.32, with Total Debt to Total Assets ending up at 11.22. Long-Term Debt to Equity for the company is recorded at 18.45, with the Long-Term Debt to Total Capital now at 15.44.
Reflecting on the efficiency of the workforce at the company, Alibaba Group Holding Limited [BABA] managed to generate an average of $1,424,061 per employee. Receivables Turnover for the company is 11.92 with a Total Asset Turnover recorded at a value of 0.45.Alibaba Group Holding Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
Alibaba Group Holding Limited [BABA]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Alibaba Group Holding Limited posted 1.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.87/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BABA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alibaba Group Holding Limited go to 3.35%.
An analysis of insider ownership at Alibaba Group Holding Limited [BABA]
There are presently around $228,684 million, or 39.80% of BABA stock, in the hands of institutional investors. The top three institutional holders of BABA stocks are: BLACKROCK INC. with ownership of 83,857,541, which is approximately -4.01% of the company’s market cap and around 10.20% of the total institutional ownership; VANGUARD GROUP INC, holding 62,656,838 shares of the stock with an approximate value of $14.12 billion in BABA stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $13.09 billion in BABA stock with ownership of nearly -6.987% of the company’s market capitalization.
Positions in Alibaba Group Holding Limited stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 1,027 institutional holders increased their position in Alibaba Group Holding Limited [NYSE:BABA] by around 65,600,059 shares. Additionally, 910 investors decreased positions by around 167,881,195 shares, while 186 investors held positions by with 781,492,739 shares. The mentioned changes placed institutional holdings at 1,014,973,993 shares, according to the latest SEC report filing. BABA stock had 242 new institutional investments in for a total of 16,934,351 shares, while 222 institutional investors sold positions of 30,647,762 shares during the same period.