Alibaba Buys Back $1.5B in Shares
Ticker: BBAAY · Form: 6-K · Filed: Jul 2, 2024 · CIK: 1577552
| Field | Detail |
|---|---|
| Company | Alibaba Group Holding Ltd (BBAAY) |
| Form Type | 6-K |
| Filed Date | Jul 2, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, buyback, update
Related Tickers: BABA
TL;DR
BABA bought back $1.5B in stock last quarter, signaling confidence.
AI Summary
Alibaba Group Holding Limited announced on July 2, 2024, an update to its share repurchase program. The company repurchased approximately 19.5 million ordinary shares, representing about 0.9% of its total outstanding shares, for a total of $1.5 billion during the quarter ended June 30, 2024.
Why It Matters
Significant share repurchases can signal management's confidence in the company's valuation and potentially boost earnings per share.
Risk Assessment
Risk Level: low — This filing is a routine update on share repurchases and does not introduce new material risks.
Key Numbers
- $1.5 billion — Share Repurchases (Total amount spent on repurchases for the quarter ended June 30, 2024.)
- 19.5 million — Shares Repurchased (Number of ordinary shares repurchased during the quarter.)
- 0.9% — Percentage of Outstanding Shares (Proportion of total outstanding shares repurchased.)
Key Players & Entities
- Alibaba Group Holding Limited (company) — Registrant
- July 2, 2024 (date) — Filing Date
- June 30, 2024 (date) — End of repurchase quarter
- Kevin Jinwei ZHANG (person) — Company Secretary
FAQ
What was the total value of shares repurchased by Alibaba in the quarter ended June 30, 2024?
Alibaba repurchased shares totaling $1.5 billion for the quarter ended June 30, 2024.
How many shares did Alibaba repurchase in the most recent quarter?
Alibaba repurchased approximately 19.5 million ordinary shares in the quarter ended June 30, 2024.
What percentage of its total outstanding shares did Alibaba repurchase?
Alibaba repurchased approximately 0.9% of its total outstanding shares.
What is the filing date of this Form 6-K?
This Form 6-K was filed on July 2, 2024.
Who signed this report on behalf of Alibaba Group Holding Limited?
Kevin Jinwei ZHANG, Company Secretary, signed the report on behalf of Alibaba Group Holding Limited.
Filing Stats: 152 words · 1 min read · ~1 pages · Grade level 12.1 · Accepted 2024-07-02 06:38:07
Filing Documents
- tm2418711d1_6k.htm (6-K) — 9KB
- tm2418711d1_ex99-1.htm (EX-99.1) — 19KB
- 0001104659-24-077061.txt ( ) — 29KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ALIBABA GROUP HOLDING LIMITED Date: July 2, 2024 By: /s/ Kevin Jinwei ZHANG Name: Kevin Jinwei ZHANG Title: Company Secretary 3