Siying Yu Sells 6,772 Shares of Alibaba Group (NYSE:BABA) Stock

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) General Counsel Siying Yu sold 6,772 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $12.10, for a total value of $81,941.20. Following the completion of the sale, the general counsel directly owned 607,234 shares of the company’s stock, valued at $7,347,531.40. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alibaba Group Stock Performance

Shares of BABA opened at $95.99 on Wednesday. Alibaba Group Holding Limited has a 1 year low of $91.99 and a 1 year high of $192.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s fifty day moving average price is $123.97 and its two-hundred day moving average price is $139.11. The firm has a market cap of $230.29 billion, a PE ratio of 15.76, a PEG ratio of 1.65 and a beta of 0.47.

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

Alibaba Group Dividend Announcement

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

Institutional Trading of Alibaba Group

Hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. grew its position in Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 72 shares in the last quarter. Hoey Investments Inc. raised its position in Alibaba Group by 95.2% during the first quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in Alibaba Group during the third quarter valued at about $30,000. Costello Asset Management INC bought a new stake in Alibaba Group during the fourth quarter worth about $34,000. Finally, Palisade Asset Management LLC bought a new stake in Alibaba Group during the third quarter worth about $37,000. 13.47% of the stock is owned by institutional investors.

More Alibaba Group News

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

Analyst Ratings Changes

A number of brokerages recently commented on BABA. Argus upgraded shares of Alibaba Group to a “hold” rating in a research note on Tuesday, March 24th. HSBC increased their target price on Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Morgan Stanley raised their target price on Alibaba Group from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Mizuho upped their price target on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.38.

Read Our Latest Report on BABA

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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