Alibaba Group (NYSE:BABA) General Counsel Sells 6,772 Shares

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) General Counsel Siying Yu sold 6,772 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $12.10, for a total transaction of $81,941.20. Following the sale, the general counsel owned 607,234 shares of the company’s stock, valued at $7,347,531.40. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alibaba Group Stock Up 0.0%

BABA opened at $94.83 on Monday. Alibaba Group Holding Limited has a 1-year low of $91.99 and a 1-year high of $192.67. The firm’s 50 day simple moving average is $125.73 and its two-hundred day simple moving average is $139.98. The company has a market capitalization of $227.51 billion, a PE ratio of 15.57, a PEG ratio of 1.64 and a beta of 0.48. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $35.30 billion during the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 6.69 EPS for the current year.

Alibaba Group Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 93.0%. Alibaba Group’s dividend payout ratio is 16.91%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BABA shares. HSBC upped their price target on Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Robert W. Baird cut their price target on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, March 20th. DZ Bank cut Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective on the stock. in a report on Friday, March 20th. Susquehanna increased their target price on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, May 15th. Finally, Morgan Stanley boosted their price target on shares of Alibaba Group from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.38.

Check Out Our Latest Analysis on Alibaba Group

Alibaba Group News Summary

Here are the key news stories impacting Alibaba Group this week:

Institutional Trading of Alibaba Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rathbones Group PLC lifted its position in shares of Alibaba Group by 8.8% during the first quarter. Rathbones Group PLC now owns 73,646 shares of the specialty retailer’s stock worth $9,240,000 after purchasing an additional 5,959 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Alibaba Group by 14.9% during the 1st quarter. Parallel Advisors LLC now owns 11,606 shares of the specialty retailer’s stock valued at $1,456,000 after buying an additional 1,506 shares in the last quarter. Lavelle Capital LP purchased a new stake in Alibaba Group in the 1st quarter valued at about $420,000. GKV Capital Management Co. Inc. grew its stake in Alibaba Group by 0.9% in the 1st quarter. GKV Capital Management Co. Inc. now owns 24,867 shares of the specialty retailer’s stock worth $3,120,000 after acquiring an additional 217 shares in the last quarter. Finally, TrueWealth Financial Partners bought a new position in shares of Alibaba Group during the 1st quarter worth $595,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

About Alibaba Group

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co?founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high?profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

Further Reading

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