Hong Xu Sells 175,054 Shares of Alibaba Group (NYSE:BABA) Stock

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) CFO Hong Xu sold 175,054 shares of Alibaba Group stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $12.15, for a total value of $2,126,906.10. Following the sale, the chief financial officer directly owned 280,496 shares of the company’s stock, valued at approximately $3,408,026.40. This trade represents a 38.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The stock 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 50-day moving average price of $123.97 and a 200-day moving average price of $139.11. 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 announced its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The company 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 predict that Alibaba Group Holding Limited will post 6.69 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 93.0%. Alibaba Group’s dividend payout ratio (DPR) is 16.91%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Robert W. Baird lowered their price target on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Barclays upped their price target on shares of Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday, May 27th. Finally, Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Two equities 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.38.

Check Out Our Latest Stock Analysis on Alibaba Group

Key Stories Impacting Alibaba Group

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

Hedge Funds Weigh In On Alibaba Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriflex Group Inc. grew its stake in shares of Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 72 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in Alibaba Group in the third quarter worth approximately $30,000. Hoey Investments Inc. grew its position in Alibaba Group by 95.2% in the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 100 shares during the period. Palisade Asset Management LLC bought a new stake in Alibaba Group in the 3rd quarter worth approximately $37,000. Finally, Costello Asset Management INC purchased a new stake in Alibaba Group during the 4th quarter valued at $34,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.