Alibaba Buys Back $1.5B in Shares
Ticker: BBAAY · Form: 6-K · Filed: Oct 2, 2024 · CIK: 1577552
| Field | Detail |
|---|---|
| Company | Alibaba Group Holding Ltd (BBAAY) |
| Form Type | 6-K |
| Filed Date | Oct 2, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: share-repurchase, buyback, company-update
Related Tickers: BABA
TL;DR
BABA bought back $1.5B in stock from Aug-Sep, signaling confidence.
AI Summary
Alibaba Group Holding Limited announced an update on its share repurchase program on October 2, 2024. The company repurchased approximately 19.5 million ordinary shares, representing about 0.9% of its total issued shares, for a total of $1.5 billion under its share repurchase program. This activity occurred between August 1, 2024, and September 30, 2024.
Why It Matters
Significant share buybacks can signal management's confidence in the company's valuation and potentially boost earnings per share, which may be viewed positively by investors.
Risk Assessment
Risk Level: low — This filing is a routine update on share repurchase activity and does not introduce new material risks.
Key Numbers
- $1.5B — Share Repurchases (Total amount spent on repurchasing shares between August 1 and September 30, 2024.)
- 19.5 million — Shares Repurchased (Number of ordinary shares bought back during the specified period.)
- 0.9% — Percentage of Issued Shares (Proportion of total issued shares that were repurchased.)
Key Players & Entities
- Alibaba Group Holding Limited (company) — Registrant
- Kevin Jinwei ZHANG (person) — Company Secretary
- $1.5 billion (dollar_amount) — Total value of shares repurchased
- 19.5 million (dollar_amount) — Number of ordinary shares repurchased
- August 1, 2024 (date) — Start of repurchase period
- September 30, 2024 (date) — End of repurchase period
- October 2, 2024 (date) — Filing date
FAQ
What was the total amount spent on share repurchases by Alibaba Group Holding Limited during the specified period?
Alibaba Group Holding Limited spent approximately $1.5 billion on share repurchases.
How many ordinary shares did Alibaba repurchase between August 1 and September 30, 2024?
The company repurchased approximately 19.5 million ordinary shares.
What percentage of its total issued shares did Alibaba repurchase?
Alibaba repurchased approximately 0.9% of its total issued shares.
What is the reporting period for this share repurchase update?
The reporting period is from August 1, 2024, to September 30, 2024.
Who signed this Form 6-K filing on behalf of Alibaba Group Holding Limited?
Kevin Jinwei ZHANG, Company Secretary, signed the Form 6-K filing.
Filing Stats: 152 words · 1 min read · ~1 pages · Grade level 12.2 · Accepted 2024-10-02 06:30:28
Filing Documents
- tm2425406d1_6k.htm (6-K) — 8KB
- tm2425406d1_ex99-1.htm (EX-99.1) — 11KB
- 0001104659-24-105192.txt ( ) — 20KB
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: October 2, 2024 By: /s/Kevin Jinwei ZHANG Name: Kevin Jinwei ZHANG Title: Company Secretary 3