Is Alibaba Group Holding Ltd ADR (NYSE: BABA) a Risk-Worthy Bet for Bold Investors?

In the last trading session, 29.44 million Alibaba Group Holding Ltd ADR (NYSE:BABA) shares changed hands as the company’s beta touched 0.62. With the company’s per share price at $78.46 changed hands at $0.86 or 1.11% during last session, the market valuation stood at $189.37B. BABA’s last price was a discount, traded about -54.6% off its 52-week high of $121.30. The share price had its 52-week low at $74.58, which suggests the last value was 4.95% up since then. When we look at Alibaba Group Holding Ltd ADR’s average trading volume, we note the 10-day average is 20.71 million shares, with the 3-month average coming to 13.34 million.

Analysts gave the Alibaba Group Holding Ltd ADR (BABA) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.44. If we narrow down to specifics, the data shows that 1 out of 57 analysts rate the stock as a Sell, with a further 7 assigning it an Overweight rating. Of the remaining, 7 recommended BABA as a Hold, 42 felt it is a Buy and 0 rated the stock as Underweight. Alibaba Group Holding Ltd ADR’s EPS for the current quarter is expected to be $2.83.

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Alibaba Group Holding Ltd ADR (NYSE:BABA) trade information

Instantly BABA was in green as seen at the end of in last trading. With action -4.62%, the performance over the past five days has been red. The jump to weekly highs of 87.83 on Monday, 11/20/23 added 1.11% to the stock’s daily price. The company’s shares are showing year-to-date downside of -10.93%, with the 5-day performance at -4.62% in the red. However, in the 30-day time frame, Alibaba Group Holding Ltd ADR (NYSE:BABA) is -1.85% down. Looking at the short shares, we see there were 44.33 million shares sold at short interest cover period of 3.45 days.

The consensus price target for the stock as assigned by Wall Street analysts is $909.73, meaning bulls need an upside of 91.38% from its current market value. According to analyst projections, BABA’s forecast low is $572.59 with $1166.71 as the target high. To hit the forecast high, the stock’s price needs a -1387.01% plunge from its current level, while the stock would need to soar -629.79% for it to hit the projected low.

Alibaba Group Holding Ltd ADR (BABA) estimates and forecasts

Data shows that the Alibaba Group Holding Ltd ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -8.87% over the past 6 months, a 11.84% in annual growth rate that is considerably lower than the industry average of 25.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Alibaba Group Holding Ltd ADR will rise 1.40%, while the growth in revenue is estimated to hit 20.70% for the next quarter. Year-over-year growth is forecast to reach 9.70% up from the last financial year.

Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of $37.64 billion. 18 analysts are of the opinion that Alibaba Group Holding Ltd ADR’s revenue for the quarter ending Mar 2024 will be $31.44 billion. The estimates for the next quarter sales put growth at 7.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 1.29%. The 2023 estimates are for Alibaba Group Holding Ltd ADR earnings to increase by 14.75%, but the outlook for the next 5-year period is at 11.97% per year.

BABA Dividends

Alibaba Group Holding Ltd ADR is expected to release its next quarterly earnings report on November 16.

Alibaba Group Holding Ltd ADR (NYSE:BABA)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.01% of Alibaba Group Holding Ltd ADR shares while 14.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 14.90%. There are 14.90% institutions holding the Alibaba Group Holding Ltd ADR stock share, with BNP Paribas Arbitrage, SNC the top institutional holder. As of Jun 29, 2023, the company held 0.72% of the shares, roughly 18.35 million BABA shares worth $1.53 billion.

Primecap Management Company holds the second largest percentage of outstanding shares, with 0.68% or 17.35 million shares worth $1.45 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard/Primecap Fund and Dodge & Cox International Stock Fund. With 9.9 million shares estimated at $825.31 million under it, the former controlled 0.39% of total outstanding shares. On the other hand, Dodge & Cox International Stock Fund held about 0.37% of the shares, roughly 9.54 million shares worth around $795.16 million.

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