On Monday, Alibaba Group Holding Ltd (NYSE:BABA)s shares inclined 1.01% to $76.38.
Alibaba Group Holding Ltd (BABA) is currently valued at $189.99 billion. The company has 2.50 billion shares outstanding and 21.70% shares of the company were owned by institutional investors. The company has -15.10 value in price to sale ratio while price to book ratio was recorded as -6.56. The company exchanged hands with 24.82 million shares as compared to its average daily volume of 17.34 million shares.
Alibaba Group Holding, declared its financial results for the quarter ended September 30, 2015.
Business Highlights and Planned Updates
In the quarter ended September 30, 2015:
- GMV transacted on our China retail marketplaces was RMB713 billion (US$112 billion), an improvement of 28% year-over-year;
- Revenue was RMB22,171 million (US$3,488 million), an improvement of 32% year-over-year;
- Mobile GMV accounted for 62% of total GMV transacted on our China retail marketplaces; mobile revenue was RMB10,520 million (US$1,655 million), representing a year-on-year improvement of 183%;
- Growth of our cloud computing and Internet infrastructure business accelerated, with revenue increasing 128% year-over-year to RMB649 million (US$102 million); and
- Non-GAAP free cash flow was RMB13,624 million (US$2,144 million).
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 accessible through both personal computer and mobile interfaces in the PRC and internationally.
Wal-Mart Stores, Inc. (NYSE:WMT)s shares dropped -0.46% to $58.03.
Wal-Mart Stores, Inc. (WMT) has beta value of 0.43. The company has the market capitalization of $186.91 billion. Return on assets ratio of the company was 7.60% while its return on equity ratio was 19.60%. ATR value of company was 1.15 while stock volatility for week was 1.29% while for month was 1.94%. Debt to equity ratio of the company was -0.62 and its current ratio was -0.90.
Wal-Mart Stores Inc. is getting in on the drone game, according to WSJ.
The world’s largest retailer by revenue asked the Federal Aviation Administration in a letter for permission to use outdoor unmanned aircraft to test everything from package delivery to inventory administration. To date, drone tests “have been strictly limited to indoor tests,” the retailer said in the letter, which was presented Monday.
Wal-Mart’s interest in drones comes about two years after a similar test was declared by Amazon.com Inc., and amid mounting interest from industries such as farming, filmmaking and construction to explore the potential for drone use in their businesses. Google parent Alphabet Inc. and Deutsche Post DHL AG have also tested drones for the final leg of package delivery, which is often the most inefficient and expensive part of logistics. WSJ Reports
Wal-Mart Stores, Inc. is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Companys operations are conducted in three segments: Walmart U.S., Walmart International and Sams Club.
At the end of Monday’s trade, Target Corporation (NYSE:TGT)s shares surged 1.48% to $74.02.
Target Corporation (TGT) offered 3.00% EPS for prior five years. The company has -1.70% return on equity value while its ROI ratio was 12.40%. The company has $45.84 billion market capitalizations and the institutional ownership was 88.50%. Its price to book ratio was 3.38%. Volatility of the stock was 2.86% for the week while for the month booked as 2.21%.
Target Corporation, is opening two smaller-format stores in Los Angeles, part of an expansion in urban markets across the country, according to Los Angeles Times.
In recent years, the Minneapolis retailer and other big-box companies have expanded their offerings in urban locations, in an effort to serve city dwellers who formerly had to drive to the suburbs in search of the firms bargains. By years end, Target plans to have opened nine urban-focused stores, contrast with six traditional, big box locations. Los Angeles Times Reports
More and more folks are moving to urban centers, Target spokeswoman Erika Winkels said. Its all about making sure that the Target experience is near and dear.
Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels.
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