Alibaba Group (NYSE:BABA) Insider Sells 4,898 Shares of Stock

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) insider Fang Jiang sold 4,898 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $12.09, for a total transaction of $59,216.82. Following the completion of the transaction, the insider directly owned 5,559,511 shares in the company, valued at $67,214,487.99. This represents a 0.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alibaba Group Stock Up 0.0%

Shares of Alibaba Group stock opened at $94.83 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The business’s 50 day simple moving average is $125.73 and its 200-day simple moving average is $139.98. The stock has a market capitalization of $227.51 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.64 and a beta of 0.48. Alibaba Group Holding Limited has a twelve month low of $91.99 and a twelve month high of $192.67.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings data 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%. Equities research analysts forecast that Alibaba Group Holding Limited will post 6.69 earnings per share for the current year.

Alibaba Group Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be paid a $1.05 dividend. This represents a yield of 93.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s dividend payout ratio (DPR) is presently 16.91%.

Analyst Ratings Changes

A number of research firms recently weighed in on BABA. Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday, May 27th. Argus upgraded Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th. HSBC increased their price target on Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Finally, Jefferies Financial Group lowered their price target on Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Two investment 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 stock. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus target price of $187.38.

View Our Latest Research Report on Alibaba Group

Key Headlines Impacting Alibaba Group

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

Institutional Investors Weigh In On Alibaba Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameriflex Group Inc. boosted its position in shares of Alibaba Group by 101.4% during the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 72 shares in the last quarter. Hoey Investments Inc. raised its holdings in shares of Alibaba Group by 95.2% in the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in Alibaba Group during the third quarter valued at approximately $30,000. Costello Asset Management INC bought a new stake in shares of Alibaba Group during the 4th quarter worth $34,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Alibaba Group during the third quarter worth $37,000. 13.47% of the stock is owned by institutional investors and hedge funds.

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.

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