Alibaba Group Holding Ltd ADR (NYSE:BABA) has a beta value of 0.29 and has seen 3.49 million shares traded in the recent trading session. The company, currently valued at $208.99B, closed the recent trade at $87.29 per share which meant it gained $2.11 on the day or 2.47% during that session. The BABA stock price is -34.98% off its 52-week high price of $117.82 and 24.31% above the 52-week low of $66.07. If we look at the company’s 10-day average daily trading volume, we find that it stood at 17.5 million shares traded. The 3-month trading volume is 19.98 million shares.
The consensus among analysts is that Alibaba Group Holding Ltd ADR (BABA) is Buy stock at the moment, with a recommendation rating of 1.48. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 9 out of 30 have rated it as a Hold, with 21 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 20.0.
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Alibaba Group Holding Ltd ADR (NYSE:BABA) trade information
Sporting 2.47% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BABA stock price touched $87.29 or saw a rise of 0.26%. Year-to-date, Alibaba Group Holding Ltd ADR shares have moved 13.57%, while the 5-day performance has seen it change 0.59%. Over the past 30 days, the shares of Alibaba Group Holding Ltd ADR (NYSE:BABA) have changed -12.57%. Short interest in the company has seen 62.56 million shares shorted with days to cover at 2.58.
Wall Street analysts have a consensus price target for the stock at $140, which means that the shares’ value could jump 37.65% from the levels at last check today. The projected low price target is $83.89 while the price target rests at a high of $300.0. In that case, then, we find that the latest price level in today’s session is -243.68% off the targeted high while a plunge would see the stock lose 3.9% from the levels at last check today.
Alibaba Group Holding Ltd ADR (BABA) estimates and forecasts
Figures show that Alibaba Group Holding Ltd ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 10.55% over the past 6 months, with this year growth rate of 7.89%, compared to 18.20% for the industry. Revenue growth from the last financial year stood is estimated to be 6.26%.
21 analysts offering their estimates for the company have set an average revenue estimate of 278.39B for the current quarter. 19 have an estimated revenue figure of 240.56B for the next ending quarter. Year-ago sales stood 260.35B and 221.87B respectively for this quarter and the next, and analysts expect sales will grow by 6.93% for the current quarter and 6.26% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -2.72% over the past 5 years. Earnings growth for 2024 is a modest -0.01% while over the next 5 years, the company’s earnings are expected to increase by 15.47%.
BABA Dividends
Alibaba Group Holding Ltd ADR is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.99 at a share yield of 2.28%. The company’s dividend yield has gone up over the past 12 months.
Alibaba Group Holding Ltd ADR (NYSE:BABA)’s Major holders
The top two institutional holders are PRIMECAP MANAGEMENT CO/CA/ with over 21.87 million shares worth more than $1.57 billion. As of 2024-06-30, PRIMECAP MANAGEMENT CO/CA/ held 0.8867% of shares outstanding.
The other major institutional holder is SANDERS CAPITAL, LLC, with the holding of over 18.4 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.32 billion and represent 0.746% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard/Primecap Fund and Dodge & Cox International Stock Fund. As of Sep 30, 2024, the former fund manager holds about 0.51% shares in the company for having 12.17 shares of worth $1.06 billion while later fund manager owns 12.05 shares of worth $1.05 billion as of Jun 30, 2024, which makes it owner of about 0.50% of company’s outstanding stock.
