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

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

Alibaba Group Stock Performance

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

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The firm had revenue of $35.30 billion for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. On average, analysts expect 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. Investors of record on Thursday, June 11th will be issued a $1.05 dividend. This represents a dividend yield of 93.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s dividend payout ratio is currently 16.91%.

Alibaba Group News Summary

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. VectorGlobal IAG Inc. purchased a new position in shares of Alibaba Group in the 1st quarter worth about $351,000. Rathbones Group PLC raised its position in Alibaba Group by 8.8% in the first quarter. Rathbones Group PLC now owns 73,646 shares of the specialty retailer’s stock worth $9,240,000 after acquiring an additional 5,959 shares during the period. Parallel Advisors LLC raised its position in Alibaba Group by 14.9% in the first quarter. Parallel Advisors LLC now owns 11,606 shares of the specialty retailer’s stock worth $1,456,000 after acquiring an additional 1,506 shares during the period. Lavelle Capital LP purchased a new position in Alibaba Group in the first quarter valued at about $420,000. Finally, GKV Capital Management Co. Inc. grew its position in shares of Alibaba Group by 0.9% during the 1st quarter. GKV Capital Management Co. Inc. now owns 24,867 shares of the specialty retailer’s stock valued at $3,120,000 after acquiring an additional 217 shares during the period. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BABA shares. HSBC boosted their price objective on Alibaba Group from $172.00 to $180.00 in a report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday, May 27th. Zacks Research upgraded shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Morgan Stanley raised their price target on shares of Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Jefferies Financial Group cut their price target on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.38.

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Alibaba Group Company Profile

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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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