Alibaba Group (NYSE:BABA) President Sells $68,364,000.00 in Stock

Alibaba Group Holding Limited (NYSE:BABA) President J. Michael Evans sold 720,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $94.95, for a total value of $68,364,000.00. Following the completion of the sale, the president directly owned 28,000 shares in the company, valued at approximately $2,658,600. The trade was a 96.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Alibaba Group Stock Performance

Alibaba Group stock opened at $96.25 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a fifty day moving average of $121.55 and a two-hundred day moving average of $137.98. The company has a market capitalization of $230.91 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.67 and a beta of 0.51. Alibaba Group Holding Limited has a fifty-two week low of $91.99 and a fifty-two week high of $192.67.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The business had revenue of $35.30 billion for the quarter. On average, analysts anticipate that Alibaba Group Holding Limited will post 6.66 EPS for the current fiscal year.

Alibaba Group Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Monday, July 13th. Investors 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 yield of 93.0%. Alibaba Group’s payout ratio is presently 16.91%.

Institutional Trading of Alibaba Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. CX Institutional increased its stake in shares of Alibaba Group by 9.8% during the 2nd quarter. CX Institutional now owns 2,077 shares of the specialty retailer’s stock valued at $199,000 after acquiring an additional 186 shares during the last quarter. Confluence Investment Management LLC boosted its position in shares of Alibaba Group by 8.2% in the second quarter. Confluence Investment Management LLC now owns 8,318 shares of the specialty retailer’s stock worth $798,000 after acquiring an additional 628 shares during the last quarter. VectorGlobal IAG Inc. purchased a new stake in Alibaba Group in the first quarter valued at approximately $351,000. Rathbones Group PLC grew its holdings in Alibaba Group by 8.8% in the first quarter. Rathbones Group PLC now owns 73,646 shares of the specialty retailer’s stock valued at $9,240,000 after purchasing an additional 5,959 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Alibaba Group by 14.9% in the first quarter. Parallel Advisors LLC now owns 11,606 shares of the specialty retailer’s stock valued at $1,456,000 after purchasing an additional 1,506 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

More Alibaba Group News

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

• Positive Sentiment: Alibaba’s AI efforts continue to generate strategic interest: its Elements Claw AI agent reportedly discovered four new superconductors, and Alibaba also joined Kuaishou’s Kling AI fundraise alongside Tencent, signaling ongoing investment in China’s AI ecosystem. Article: Alibaba, Tencent back Kuaishou’s Kling AI in $2.8 billion fundraise
• Positive Sentiment: Alibaba’s move to streamline internal AI work tools and tighten security around employee use of third-party AI products may be seen as a governance and data-protection step, which could help reassure investors over time. Article: Alibaba Streamlines AI Work Tools as Competition Mounts
• Neutral Sentiment: Brokerage-coverage and “investor attention” headlines suggest BABA remains a heavily watched stock, but they do not add much new fundamental information by themselves. Article: Alibaba Group Holding Limited (BABA) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Alibaba’s Damai International announced a new artist label and global initiative, which is a modest business update rather than a stock-moving catalyst. Article: Alibaba’s Damai International Introduces New Label, Launches Global Artist Initiative
• Negative Sentiment: Alibaba agreed to pay $600 million to settle U.S. allegations involving illegal pharmaceutical and chemical sales through its platforms, a major legal overhang that can weigh on sentiment and raise compliance concerns. Article: Alibaba to pay $600 million to U.S. for illegal pharmaceutical sales
• Negative Sentiment: Reports that President J. Michael Evans sold 720,000 shares add to a cautious tone, since large insider sales can be interpreted as reduced confidence, even if the sale may have been planned or tied to compensation. Article: Alibaba Group (NYSE:BABA) President Sells 720,000 Shares
• Negative Sentiment: Multiple headlines about Alibaba banning Anthropic’s Claude Code over alleged security or backdoor risks reinforce the idea of intensifying U.S.-China AI tensions and may keep investor sentiment cautious. Article: Alibaba to ban Claude Code in workplace over alleged backdoor risks, source says

Wall Street Analysts Forecast Growth

BABA has been the topic of several analyst reports. Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. DZ Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a research report on Friday, March 20th. Freedom Capital raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Mizuho raised their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, HSBC lifted their target price on shares of Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.38.

About Alibaba Group

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.