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

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) insider Fang Jiang sold 4,898 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $12.09, for a total value 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. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alibaba Group Stock Up 0.5%

BABA opened at $95.99 on Wednesday. The firm has a market cap of $230.29 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. 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 business has a 50 day moving average price of $123.97 and a 200 day moving average price of $139.11. 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 announced its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS 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 for the quarter. Research analysts forecast that Alibaba Group Holding Limited will post 6.69 EPS for the current year.

Alibaba Group Announces Dividend

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 is Thursday, June 11th. This represents a yield of 93.0%. Alibaba Group’s dividend payout ratio (DPR) is presently 16.91%.

Analyst Ratings Changes

BABA has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price target on Alibaba Group from $200.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Susquehanna increased their target price on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, May 15th. BNP Paribas Exane started coverage on Alibaba Group in a report on Wednesday, April 29th. They issued an “outperform” rating and a $209.00 target price on the stock. Jefferies Financial Group dropped their price target on Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Finally, Zacks Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Two research 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. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $187.38.

Check Out Our Latest Stock Analysis on BABA

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds have recently made changes to their positions in the business. ARK Investment Management LLC acquired a new position in Alibaba Group during the 3rd quarter worth $37,565,000. Jennison Associates LLC increased its stake in shares of Alibaba Group by 11.9% in the 4th quarter. Jennison Associates LLC now owns 54,235 shares of the specialty retailer’s stock valued at $7,950,000 after buying an additional 5,760 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Alibaba Group during the fourth quarter worth $21,266,000. Thornburg Investment Management Inc. raised its position in shares of Alibaba Group by 5.5% during the fourth quarter. Thornburg Investment Management Inc. now owns 584,028 shares of the specialty retailer’s stock worth $85,607,000 after acquiring an additional 30,644 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its stake in shares of Alibaba Group by 61.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 50,123 shares of the specialty retailer’s stock valued at $7,347,000 after acquiring an additional 19,169 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group News Roundup

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.

Further Reading

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