Alibaba Group Holding Limited - BABA - US01609W1027

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Re: Alibaba Group Holding Limited - BABA - US01609W1027

Bericht door Beheerder »

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Re: Alibaba Group Holding Limited - BABA - US01609W1027

Bericht door nobody »

Alibaba is buying back more and more stock as prices extend selloff

Alibaba’s quarterly stock repurchases have more than tripled over the past three quarters to $5.8 billion

Shares of Alibaba Group Holding Ltd. rallied Tuesday, after the China-based e-commerce giant disclosed that it continued to increase stock repurchases as prices struggled to gain traction.

The company said before the opening bell that it spent $5.8 billion to buy back the equivalent of 77 million American depositary shares during the three months ended June 30.

That’s up from the $4.8 billion spent during the previous three-month period, double the $2.9 billion worth of shares repurchased during the quarter ending Dec. 31 and more than triple the $1.7 billion spent on repurchases during the quarter ending Sept. 30.

Alibaba’s U.S.-listed shares BABA, +2.57% hiked up 1.9% in afternoon trading. A brief spike up in mid-May saw the stock reach an eight-month high, but it ended June with a quarterly decline of 0.5%.

It had tumbled 17% amid a three-quarter losing streak, before it bounced 2.2% the past two days.

The amount spent and the number of ADS repurchased implies an average buyback price of $75.32 per ADS, which was below the volume-weighted average price for the ADS during the quarter of $76.68, but above where the stock ended the quarter at $72.

The $15.2 billion the company spent on repurchases over the past four quarters represents about 8.8% of the company’s current market capitalization of $177.85 billion.

Alibaba said that, as of June 30, there was $26.1 billion remaining in its stock-repurchase program, or roughly 15% of the company’s market cap. There were 2.38 billion ADS outstanding as of June 30.

The stock has lost 11.8% over the past 12 months, while the iShares MSCI China ETF MCHI has shed 5% and the S&P 500 index SPX has rallied 23.3%. ... f-b8c9f6c3
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Re: Alibaba Group Holding Limited - BABA - US01609W1027

Bericht door doittomeonemoretime »

Volgens de JDB strategie nog een eindje te gaan (EMA, month staat op 85 ondertussen), gewoon koersbehoud tov vorig jaar zou ongeveer voldoende geweest zijn. Nu ja, met dergelijke cijfers kan het niet blijven kwakkelen dus de inkopen zorgen indirect voor een meerwaarde die zich ooit zal manifesteren. Geduld is een mooie deugd :roll:
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