A Look at Alibaba Group Holding Limited (BABA) Shares in the Recent Past Indicates Growth

Alibaba Group Holding Limited (NYSE: BABA) stock fell -3.74% on Tuesday to $82.88 against a previous-day closing price of $86.10. With 18.32 million shares changed hands, the volume of the stock remained lighter than its average volume of 25.59 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $84.97 whereas the lowest price it dropped to was $82.70. The 52-week range on BABA shows that it touched its highest point at $125.84 and its lowest point at $58.01 during that stretch. It currently has a 1-year price target of $142.17. Beta for the stock currently stands at 0.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BABA was down-trending over the past week, with a drop of -6.62%, but this was down by -4.62% over a month. Three-month performance dropped to -12.56% while six-month performance rose 2.98%. The stock lost -4.51% in the past year, while it has lost -5.91% so far this year. A look at the trailing 12-month EPS for BABA yields 3.93 with Next year EPS estimates of 9.68. For the next quarter, that number is 2.05. This implies an EPS growth rate of 20.80% for this year and 12.30% for next year. EPS is expected to grow by 6.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.30%.

Float and Shares Shorts:

At present, 2.58 billion BABA shares are outstanding with a float of 2.56 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 51.83 million, which was 2.00% higher than short shares on Mar 30, 2023. In addition to Mr. Joseph C. Tsai as the firm’s Exec. Vice Chairman, Mr. Yong Zhang serves as its CEO & Exec. Chairman.

Institutional Ownership:

Through their ownership of 15.33% of BABA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.06% of BABA, in contrast to 5.41% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BABA with 0.65% of the stake, PRIMECAP Management Co. holds 17,278,627 shares worth 17,278,627. A second-largest stockholder of BABA, HSBC Global Asset Management, holds 13,086,258 shares, controlling over 0.49% of the firm’s shares. Dodge & Cox is the third largest shareholder in BABA, holding 12,633,812 shares or 0.48% stake. With a 0.38% stake in BABA, the Vanguard PRIMECAP Fund is the largest stakeholder. A total of 9,932,577 shares are owned by the mutual fund manager. The Dodge & Cox International Stock F, which owns about 0.31% of BABA stock, is the second-largest Mutual Fund holder. It holds 8,144,000 shares valued at 689.72 million. Caisse de dépôt et placement du Q holds 0.13% of the stake in BABA, owning 3,556,824 shares worth 301.23 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, BABA reported revenue of $205.56B and operating income of $24.94B. The EBITDA in the recently reported quarter was $33.17B and diluted EPS was $8.48.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BABA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BABA analysts setting a high price target of $1,272.25 and a low target of $505.21, the average target price over the next 12 months is $976.05. Based on these targets, BABA could surge 1435.05% to reach the target high and rise by 509.57% to reach the target low. Reaching the average price target will result in a growth of 1077.67% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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