Alibaba Group Holding Ltd (BABA) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.47 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.55. The company posted revenue of $3751.00 million in the period, compared to analysts expectations of $3579.51 million. During the same quarter in the previous year, the company posted $0.48 EPS.
Many Wall Street Analysts have commented on Alibaba Group Holding Ltd. Needham Initiated Alibaba Group Holding Ltd on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $95.JP Morgan Initiated Alibaba Group Holding Ltd on Feb 23, 2016 to “Overweight”, Price Target of the shares are set at $90.
Alibaba Group Holding Ltd closed down -0.09 points or -0.12% at $75.82 with 1,43,26,645 shares getting traded on Wednesday. Post opening the session at $75.64, the shares hit an intraday low of $75.01 and an intraday high of $75.91 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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).