Alibaba Group Holding Ltd (NYSE:BABA) announced its quarterly earnings data on Thursday. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.10, Marketbeat.com reports. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the previous year, the company earned $0.81 EPS.

A number of analysts have recently weighed in on BABA shares. RBC Capital reiterated a “buy” rating on shares of Alibaba Group Holding in a research report on Sunday, October 18th. Cantor Fitzgerald reiterated a “buy” rating on shares of Alibaba Group Holding in a research report on Monday, October 19th. Summit Research reiterated a “buy” rating and set a $81.00 price target on shares of Alibaba Group Holding in a research report on Monday, October 19th. SunTrust reiterated a “buy” rating and set a $100.00 price target on shares of Alibaba Group Holding in a research report on Friday, October 16th. Finally, Deutsche Bank reiterated a “buy” rating and set a $85.00 price target on shares of Alibaba Group Holding in a research report on Thursday, October 15th. Four research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $93.92.

Shares of Alibaba Group Holding (NYSE:BABA) traded down 2.27% during mid-day trading on Tuesday, hitting $65.51. The company had a trading volume of 10,866,365 shares. Alibaba Group Holding has a one year low of $57.20 and a one year high of $95.06. The firm’s 50-day moving average price is $75.74 and its 200 day moving average price is $74.52. The company’s market capitalization is $160.24 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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