In today’s recent session, 6.75 million shares of the Alibaba Group Holding Ltd ADR (NYSE:BABA) have been traded, and its beta is 0.33. Most recently the company’s share price was $79.61, and it changed around -$1.84 or -2.27% from the last close, which brings the market valuation of the company to $189.14B. BABA at last check was trading at a discount to its 52-week high of $95.86, offering almost -20.41% off that amount. The share price’s 52-week low was $66.07, which indicates that the recent value has risen by an impressive 17.01% since then. We note from Alibaba Group Holding Ltd ADR’s average daily trading volume that its 10-day average is 18.76 million shares, with the 3-month average coming to 13.31 million.
Alibaba Group Holding Ltd ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 48 analysts rate the stock as a Sell; another 18 rate it as Overweight. Among the rest, 1 recommended BABA as a Hold, whereas 29 deemed it a Buy, and 0 rated it as Underweight. Alibaba Group Holding Ltd ADR is expected to report earnings per share of 2.08 for the current quarter.
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Alibaba Group Holding Ltd ADR (NYSE:BABA) trade information
Instantly BABA has been showing red trend so far today with a performance of -2.27% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 85.79 on recent trading dayincreased the stock’s daily price by 7.2%. The company’s shares are currently up 3.58% year-to-date, but still down -4.70% over the last five days. On the other hand, Alibaba Group Holding Ltd ADR (NYSE:BABA) is 2.06% up in the 30-day period. We can see from the shorts that 56.2 million shares have been sold at a short interest cover period of 4.7 day(s).
The consensus price target as assigned by Wall Street analysts is $141, which translates to bulls needing to increase their stock price by 43.54% from its current value. Analyst projections state that BABA is forecast to be at a low of $83.89 and a high of $300.
Alibaba Group Holding Ltd ADR (BABA) estimates and forecasts
Alibaba Group Holding Ltd ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 7.63 percent over the past six months and at a 0.70% annual growth rate that is well below the industry average of 15.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -4.10% in revenue this quarter, and will report an increase of 2.20% in the next quarter. The year-over-year growth rate is expected to be 8.90%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of 33.56B in revenue for the current quarter. 17 analysts expect Alibaba Group Holding Ltd ADR to make 39.48B in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 6.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.72%. Alibaba Group Holding Ltd ADR earnings are expected to increase by -4.67% in 2024, but the outlook is positive 8.93% per year for the next five years.
BABA Dividends
Alibaba Group Holding Ltd ADR’s next quarterly earnings report is expected to be released on 2024-Nov-14. The annual dividend yield of the stock is 2.51 percent and its annual dividend per share was 2.00. It is important to note, however, that the 2.51% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Alibaba Group Holding Ltd ADR (NYSE:BABA)’s Major holders
SANDERS CAPITAL, LLC, with 0.7294% or 18.4 million shares worth $1.32 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard/Primecap Fund and Dodge & Cox International Stock Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 12.25 shares worth $973.33 million, making up 0.48% of all outstanding shares. On the other hand, Dodge & Cox International Stock Fund held roughly 12.05 shares worth around $957.68 million, which represents about 0.47% of the total shares outstanding.
