Alibaba Group Holding Ltd (BABA) was Downgraded by Standpoint Research to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Standpoint Research advised their investors in a research report released on Aug 1, 2016.
Many Wall Street Analysts have commented on Alibaba Group Holding Ltd. Alibaba Group Holding Ltd was Resumed by Credit Suisse to “Outperform” on Jul 21, 2016. Company shares were Reiterated by Nomura on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 95 from a previous price target of $91 .Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 105 from a previous price target of $89 .
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 closed down -0.64 points or -0.77% at $82.48 with 87,09,279 shares getting traded on Friday. Post opening the session at $83.37, the shares hit an intraday low of $81.945 and an intraday high of $83.42 and the price fluctuated in this range throughout the day.Shares ended Friday 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).