Alibaba Group Holding Ltd ADR (NYSE: BABA) is 74.04% higher on its value in year-to-date trading and has touched a low of $67.78 and a high of $145.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BABA stock was last observed hovering at around $141.10 in the last trading session, with the day’s gains setting it 6.47%.
Currently trading at $147.57, the stock is 8.44% and 32.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.73 million and changing 4.59% at the moment leaves the stock 59.40% off its SMA200. BABA registered 94.83% gain for a year compared to 6-month gain of 72.62%. The firm has a 50-day simple moving average (SMA 50) of $111.2134 and a 200-day simple moving average (SMA200) of $92.61325.
The stock witnessed a 23.45% loss in the last 1 month and extending the period to 3 months gives it a 65.85%, and is 11.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.74% over the week and 4.22% over the month.
Alibaba Group Holding Ltd ADR (BABA) has around 204891 employees, a market worth around $353.34B and $136.42B in sales. Current P/E ratio is 21.32 and Fwd P/E is 14.83. Profit margin for the company is 12.27%. Distance from 52-week low is 117.71% and 1.52% from its 52-week high. The company has generated returns on investments over the last 12 months (10.09%).
with sales reaching $237.13B over the same period.The EPS is expected to grow by 3.71% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to grow 6.87% in year-over-year returns.
Alibaba Group Holding Ltd ADR (BABA) Top Institutional Holders
1733.0 institutions hold shares in Alibaba Group Holding Ltd ADR (BABA), with institutional investors hold 14.54% of the company’s shares. The shares outstanding are 2.39B, and float is at 2.39B with Short Float at 2.07%. Institutions hold 14.54% of the Float.
The top institutional shareholder in the company is JPMORGAN CHASE & CO with over 11.61 million shares valued at $835.58 million. The investor’s holdings represent 0.4705% of the BABA Shares outstanding. As of 2024-06-30, the second largest holder is BANK OF AMERICA CORP /DE/ with 9.92 million shares valued at $713.89 million to account for 0.402 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 9.41 million shares representing 0.3816% and valued at over $677.61 million, while GOLDMAN SACHS GROUP INC holds 0.2337 of the shares totaling 5.77 million with a market value of $415.09 million.
Alibaba Group Holding Ltd ADR (BABA) Insider Activity
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