Fan (Fj) Jiang Sells 13,579 Shares of Alibaba Group (NYSE:BABA) Stock

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) CEO Fan (Fj) Jiang sold 13,579 shares of Alibaba Group stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $12.10, for a total transaction of $164,305.90. Following the transaction, the chief executive officer owned 556,617 shares in the company, valued at approximately $6,735,065.70. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alibaba Group Price Performance

BABA opened at $95.99 on Wednesday. The firm has a market capitalization of $230.29 billion, a P/E ratio of 15.76, a PEG ratio of 1.65 and a beta of 0.47. The stock has a fifty day moving average of $123.97 and a 200-day moving average of $139.11. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 12-month low of $91.99 and a 12-month high of $192.67.

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

Alibaba Group Dividend Announcement

The firm 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 dividend of $1.05 per share. This represents a yield of 93.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s payout ratio is 16.91%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BABA. Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group lowered their price objective on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. HSBC upped their price objective on shares of Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Robert W. Baird cut their target price on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Finally, Mizuho lifted their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $187.38.

View Our Latest Stock Report on BABA

Institutional Investors Weigh In On Alibaba Group

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

Key Headlines Impacting Alibaba Group

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

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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