Alibaba Group (NYSE:BABA) Insider Fang Jiang Sells 885,272 Shares of Company Stock

Alibaba Group Holding Limited (NYSE:BABA) insider Fang Jiang sold 885,272 shares of Alibaba Group stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $13.55, for a total value of $11,995,435.60. Following the completion of the transaction, the insider directly owned 4,679,097 shares of the company’s stock, valued at approximately $63,401,764.35. This trade represents a 15.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Fang Jiang also recently made the following trade(s):

• On Friday, September 25th, Fang Jiang sold 4,889 shares of Alibaba Group stock. The shares were sold at an average price of $13.57, for a total value of $66,343.73.

Alibaba Group Stock Down 1.4%

Shares of Alibaba Group stock opened at $105.91 on Friday. The stock’s 50-day moving average is $116.89 and its 200 day moving average is $120.37. Alibaba Group Holding Limited has a one year low of $91.99 and a one year high of $191.07. The firm has a market cap of $263.25 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.44 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.36 and a quick ratio of 1.36.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, August 14th. The specialty retailer reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.68). The business had revenue of $39.64 billion during the quarter, compared to the consensus estimate of $39.52 billion. Alibaba Group had a return on equity of 4.79% and a net margin of 7.00%.The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $14.75 earnings per share. Equities research analysts anticipate that Alibaba Group Holding Limited will post 5.8 EPS for the current year.

Institutional Trading of Alibaba Group

Several hedge funds have recently bought and sold shares of BABA. Altshuler Shaham Ltd purchased a new position in Alibaba Group in the 4th quarter worth approximately $160,410,000. Bbfit Investments PTE Ltd. bought a new stake in shares of Alibaba Group during the 4th quarter worth $106,828,000. Nykredit A S bought a new stake in shares of Alibaba Group during the 2nd quarter worth $50,417,000. Pale Fire Capital SE purchased a new position in Alibaba Group in the second quarter worth $49,810,000. Finally, Capital World Investors increased its stake in Alibaba Group by 7.7% in the fourth quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock valued at $953,527,000 after acquiring an additional 466,847 shares during the last quarter. Institutional investors and hedge funds 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 is reportedly in preliminary discussions with Spain’s Solaria to secure solar power from its Puertollano facility for a potential data center. The project could support Alibaba’s international cloud and AI infrastructure strategy while improving access to renewable energy. Alibaba in early talks with Spain’s Solaria over power for a data centre
• Positive Sentiment: Recent coverage highlights Alibaba’s growing investment in proprietary AI chips, including its Zhenwu V900 accelerator, and a plan to expand its AI models to ten trillion parameters. Stronger in-house hardware and cloud capabilities could reduce reliance on foreign suppliers and accelerate growth in the higher-margin cloud business. Alibaba: On Track To Becoming A Custom Silicon Powerhouse

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BABA. JPMorgan Chase & Co. increased their target price on shares of Alibaba Group from $205.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Susquehanna lifted their price target on shares of Alibaba Group from $185.00 to $190.00 and gave the company a “positive” rating in a research note on Friday, August 28th. Benchmark reiterated a “buy” rating on shares of Alibaba Group in a report on Thursday, August 20th. Robert W. Baird cut their price objective on shares of Alibaba Group from $164.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 21st. Finally, Barclays raised their target price on Alibaba Group from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus target price of $186.33.

About Alibaba Group

Alibaba Group Holding Limited is a technology and commerce company founded in 1999 and headquartered in Hangzhou, China. It operates a broad digital ecosystem connecting consumers, merchants, brands and businesses through online marketplaces and related services.

The company’s China commerce businesses include Taobao and Tmall, while its international commerce operations include Alibaba.com, AliExpress, Lazada and Trendyol. Alibaba also provides logistics services through Cainiao, consumer services through platforms such as Ele.me and Freshippo, and digital media and entertainment offerings.

Alibaba Cloud provides cloud computing, data management, artificial intelligence and other technology services to businesses and organizations.