Most investors focus on a company’s growth prospects when considering a purchase of its stock. And understandably so. Revenue and earnings growth isn’t the only way to add to a stock’s value, however. Reducing the number of outstanding shares of a company is another, often-overlooked means of making existing shareholders’ stakes worth more. The company […]
Most investors focus on a company’s growth prospects when considering a purchase of its stock. And understandably so. Revenue and earnings growth isn’t the only way to add to a stock’s value, however. Reducing the number of outstanding shares of a company is another, often-overlooked means of making existing shareholders’ stakes worth more. The company […]
Alibaba (NYSE: BABA) announced on April 2 that it made $4.8 billion in share repurchases in the first quarter of 2024, the second-largest quarterly share buyback in its history. This is likely a down payment on the $25 billion increase in the share buyback program revealed in its fourth-quarter 2023 earnings announcement in February. However, the market’s […]
Alibaba (BABA) repurchased $4.8 billion worth of shares last quarter in both the U.S. and Hong Kong markets as part of a broader buyback program, the Chinese e-commerce giant announced late Tuesday. But Alibaba stock — which is down 28% over the past 12 months — was little moved by the announcement. X For its […]
(Adds details on share repurchase in paragraph 3-5) Jan 2 (Reuters) – China’s Alibaba Group said on Tuesday it had repurchased a total of 897.9 million of its shares for $9.5 billion during 2023. The shares were bought in both the U.S. and Hong Kong stock markets, the company said in a filing. The e-commerce […]