Alibaba Group (NYSE:BABA) Insider Sells $11,995,435.60 in Stock

by · The Cerbat Gem

Alibaba Group Holding Limited (NYSE:BABA – Get Free Report) insider Fang Jiang sold 885,272 shares of Alibaba Group 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 transaction, the insider directly owned 4,679,097 shares in the company, valued at approximately $63,401,764.35. This represents a 15.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $13.57, for a total transaction of $66,343.73.

Alibaba Group Stock Up 0.1%

Alibaba Group stock opened at $105.91 on Monday. The firm has a market cap of $263.25 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.42 and a beta of 0.47. Alibaba Group Holding Limited has a 52-week low of $91.99 and a 52-week high of $191.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50 day moving average price of $116.89 and a two-hundred day moving average price of $120.25.

Alibaba Group (NYSE:BABA – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The specialty retailer reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.68). Alibaba Group had a net margin of 7.00% and a return on equity of 4.79%. The firm had revenue of $39.64 billion during the quarter, compared to the consensus estimate of $39.52 billion. During the same period in the prior year, the company posted $14.75 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that Alibaba Group Holding Limited will post 5.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BABA. Sanford C. Bernstein reissued an “outperform” rating and issued a $165.00 price objective on shares of Alibaba Group in a research note on Monday, September 7th. Nomura lowered their target price on Alibaba Group from $207.00 to $178.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Barclays boosted their price target on Alibaba Group from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Robert W. Baird cut their price target on Alibaba Group from $164.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. Finally, Weiss Ratings raised shares of Alibaba Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $186.33.

Check Out Our Latest Report on BABA

Institutional Trading of Alibaba Group

Large investors have recently made changes to their positions in the company. CX Institutional increased its position in Alibaba Group by 16.2% in the 3rd quarter. CX Institutional now owns 2,414 shares of the specialty retailer’s stock valued at $260,000 after buying an additional 337 shares in the last quarter. Global Wealth Strategies & Associates bought a new position in Alibaba Group in the third quarter worth approximately $259,000. Parrish Capital LLC boosted its holdings in Alibaba Group by 11.3% in the third quarter. Parrish Capital LLC now owns 10,220 shares of the specialty retailer’s stock worth $1,099,000 after acquiring an additional 1,041 shares in the last quarter. QRG Capital Management Inc. grew its stake in Alibaba Group by 7.4% in the second quarter. QRG Capital Management Inc. now owns 46,705 shares of the specialty retailer’s stock valued at $4,483,000 after acquiring an additional 3,236 shares during the period. Finally, IPG Investment Advisors LLC grew its stake in Alibaba Group by 97.8% in the second quarter. IPG Investment Advisors LLC now owns 17,019 shares of the specialty retailer’s stock valued at $1,647,000 after acquiring an additional 8,415 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

More 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

About Alibaba Group

(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.

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