During the recent session, Alibaba Group Holding Ltd ADR (NYSE:BABA)’s traded shares were 4.04 million, with the beta value of the company hitting 0.34. At the last check today, the stock’s price was $109.52, reflecting an intraday gain of 0.22% or $0.24. The 52-week high for the BABA share is $117.82, that puts it down -7.58 from that peak though still a striking 39.67% gain since the share price plummeted to a 52-week low of $66.07. The company’s market capitalization is $262.30B, and the average intraday trading volume over the past 10 days was 38.61 million shares, and the average trade volume was 18.56 million shares over the past three months.
Alibaba Group Holding Ltd ADR (BABA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.44. BABA has a Sell rating from 0 analyst(s) out of 30 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 21 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 2.08.
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Alibaba Group Holding Ltd ADR (NYSE:BABA) trade information
Alibaba Group Holding Ltd ADR (BABA) registered a 0.22% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.22% in intraday trading to $109.52, hitting a weekly high. The stock’s 5-day price performance is -4.37%, and it has moved by 28.11% in 30 days. Based on these gigs, the overall price performance for the year is 25.83%. The short interest in Alibaba Group Holding Ltd ADR (NYSE:BABA) is 67.99 million shares and it means that shorts have 3.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $141, which implies an increase of 22.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $83.89 and $300 respectively. As a result, BABA is trading at a discount of -173.92% off the target high and 23.4% off the low.
Alibaba Group Holding Ltd ADR (BABA) estimates and forecasts
Statistics show that Alibaba Group Holding Ltd ADR has underperformed its competitors in share price, compared to the industry in which it operates. Alibaba Group Holding Ltd ADR (BABA) shares have gone up 54.94% during the last six months, with a year-to-date growth rate less than the industry average at 0.70% against 13.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -4.10% this quarter and then jump 3.40% in the quarter after that. In the rating firms’ projections, revenue will increase 9.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 33.71B as predicted by 20 analyst(s). Meanwhile, a consensus of 18 analyst(s) estimates revenue growth to 39.63B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -2.72%. While earnings are projected to return -4.36% in 2024, the next five years will return 5.49% per annum.
BABA Dividends
Alibaba Group Holding Ltd ADR is due to release its next quarterly earnings on 2024-Nov-14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Alibaba Group Holding Ltd ADR is 1.99, with the dividend yield indicating at 1.82 percent, continuing the trend of increasing dividends in recent years.
Alibaba Group Holding Ltd ADR (NYSE:BABA)’s Major holders
The next largest institutional holding, with 18.4 million shares, is of SANDERS CAPITAL, LLC’s that is approximately 0.7294% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.32 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Alibaba Group Holding Ltd ADR (BABA) shares are Vanguard/Primecap Fund and Dodge & Cox International Stock Fund. Data provided on Jun 30, 2024 indicates that Vanguard/Primecap Fund owns about 12.25 shares. This amounts to just over 0.51 percent of the company’s overall shares, with a $1.34 billion market value. The same data shows that the other fund manager holds slightly less at 12.05, or about 0.50% of the stock, which is worth about $1.32 billion.
