Key Points
- Alibaba insider Fang Jiang sold 885,272 shares for approximately $12.0 million at an average price of $13.55, reducing the insider’s position by 15.91% to 4.68 million shares.
- Alibaba’s latest quarterly results included revenue of $39.64 billion, slightly above estimates, but earnings per share of $1.26 missed consensus by $0.68. The company’s revenue rose 8.6% year over year.
- Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $186.33; institutional investors own 13.47% of the stock.
Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) insider Fang Jiang sold 885,272 shares of the business's stock in a transaction that occurred on 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 sale, the insider owned 4,679,097 shares of the company's stock, valued at $63,401,764.35. The trade was a 15.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $13.57, for a total value of $66,343.73.
Alibaba Group Stock Down 1.4%
Shares of NYSE BABA opened at $105.91 on Friday. The stock has a market capitalization of $263.25 billion, a P/E ratio of 25.64, a PEG ratio of 1.44 and a beta of 0.47. Alibaba Group Holding Limited has a one year low of $91.99 and a one year high of $191.07. The firm's 50 day simple moving average is $116.89 and its two-hundred day simple moving average is $120.37. 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 - Get Free Report) last announced its quarterly earnings data 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). Alibaba Group had a return on equity of 4.79% and a net margin of 7.00%.The business had revenue of $39.64 billion during the quarter, compared to the consensus estimate of $39.52 billion. During the same quarter in the previous year, the firm posted $14.75 earnings per share. The company's revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Alibaba Group Holding Limited will post 5.8 EPS for the current fiscal year.
Institutional Trading of Alibaba Group
Large investors have recently bought and sold shares of the company. Hoey Investments Inc. boosted its position in shares of Alibaba Group by 95.2% during the first quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Continuum Advisory LLC bought a new position in Alibaba Group in the second quarter worth $28,000. Palladiem LLC purchased a new position in Alibaba Group during the fourth quarter valued at $38,000. SJS Investment Consulting Inc. lifted its position in Alibaba Group by 15,000.0% during the first quarter. SJS Investment Consulting Inc. now owns 302 shares of the specialty retailer's stock valued at $38,000 after buying an additional 300 shares during the period. Finally, Global Assets Advisory LLC bought a new stake in shares of Alibaba Group during the 1st quarter valued at $56,000. 13.47% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have issued reports on BABA shares. Nomura cut their price target on shares of Alibaba Group from $207.00 to $178.00 and set a "buy" rating for the company in a research report on Thursday, June 25th. Benchmark reissued a "buy" rating on shares of Alibaba Group in a research note on Thursday, August 20th. Susquehanna raised their price target on Alibaba Group from $185.00 to $190.00 and gave the stock a "positive" rating in a research report on Friday, August 28th. Sanford C. Bernstein restated an "outperform" rating and issued a $165.00 target price on shares of Alibaba Group in a report on Monday, September 7th. Finally, Barclays raised their price target on shares of Alibaba Group from $195.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $186.33.
Read Our Latest Report on Alibaba Group
Key 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
Alibaba Group Company Profile
(
Get Free Report)
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.
Further Reading
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