Alibaba Group Holding Ltd (NYSE:BABA) posted its quarterly earnings results on Thursday. The company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $5.81 by $4.83, MarketBeat Ratings reports. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $33.06 billion. During the same period in the prior year, the company earned $0.81 EPS.

A number of analysts have recently weighed in on the stock. RBC Capital reaffirmed a “buy” rating on shares of Alibaba Group Holding in a research report on Sunday, October 18th. Summit Research reissued a “buy” rating and set a $81.00 price objective on shares of Alibaba Group Holding in a research report on Monday, October 19th. SunTrust reissued a “buy” rating and set a $100.00 price objective on shares of Alibaba Group Holding in a research report on Friday, October 16th. Deutsche Bank reissued a “buy” rating and set a $85.00 price objective on shares of Alibaba Group Holding in a research report on Thursday, October 15th. Finally, Nomura cut their price objective on shares of Alibaba Group Holding from $116.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Five investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $94.89.

Alibaba Group Holding (NYSE:BABA) traded down 1.02% during mid-day trading on Thursday, hitting $68.83. The company had a trading volume of 18,593,749 shares. The company has a 50-day moving average price of $77.15 and a 200 day moving average price of $74.88. Alibaba Group Holding has a 52-week low of $57.20 and a 52-week high of $95.06. The company’s market capitalization is $169.39 billion.

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 (NYSE:BABA); 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).

12 Month Chart for NYSE:BABA

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