Alibaba Group Holding Ltd (BABA) was Reiterated by T.H. Capital to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 97 from a previous price target of $84 . T.H. Capital advised their investors in a research report released on Aug 9, 2016.
Many Wall Street Analysts have commented on Alibaba Group Holding Ltd. Alibaba Group Holding Ltd was Downgraded by Standpoint Research to ” Hold” on Aug 1, 2016. Alibaba Group Holding Ltd was Resumed by Credit Suisse to “Outperform” on Jul 21, 2016.
On the company’s financial health, Alibaba Group Holding Ltd reported $0.47 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.55. The company had revenue of $3751.00 million for the quarter, compared to analysts expectations of $3579.51 million. During the same quarter in the previous year, the company posted $0.48 EPS.
Alibaba Group Holding Ltd opened for trading at $84.99 and hit $85.02 on the upside on Monday, eventually ending the session at $85, with a gain of 0.48% or 0.41 points. The heightened volatility saw the trading volume jump to 1,15,28,244 shares. Company has a market cap of $210,284 M.
Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan) and the global consumer marketplace targeting consumers around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).