Michael Evans Sells 720,000 Alibaba Shares

Michael Evans, the President of Alibaba Group Holding Limited, sold 720,000 shares of the company on June 29, 2026. The shares were sold at an average price of $94.95, totaling approximately $68.36 million. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at Alibaba Group Holding Limited

Several other insiders at Alibaba have also been selling shares recently. On June 25, 2026, Hong Xu, the Chief Financial Officer, sold 389,000 shares. General Counsel Sying Yu sold 13,502 shares, and Jiang Fan, CEO of the Business Group, sold 13,579 shares. These sales did not occur under any pre-arranged trading plans.

Alibaba Group Holding Limited Stock Down 16.8%

Shares of NYSE:BABA traded near $96.3 on Wednesday. Alibaba has a market capitalization of roughly $230.38 billion and a P/E ratio of 14.81, with a forward P/E of 10.62. The stock's beta is 0.46, indicating lower volatility compared to the market. Over the past 52 weeks, Alibaba's stock has ranged from a low of $91.99 to a high of $192.67. Its 50-day moving average is $125.43, while the 200-day moving average is $147.98. The company maintains a current ratio of 1.28 and a quick ratio of 0.86, with a debt-to-equity ratio of 25.01.

Analysts Set New Price Targets

Analysts remain bullish on Alibaba, maintaining a strong buy consensus. Susquehanna maintained its buy rating with a $185 target on May 15, 2026. Barclays also maintained a buy rating with a $195 target on May 14, 2026. The stock has a mean target price of $191.16 from 38 analyst opinions.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a major player in the consumer cyclical sector, specifically in internet retail. Headquartered in Hangzhou, China, and led by CEO Mr. Zeming Wu, Alibaba provides technology infrastructure and marketing reach to help businesses in China and worldwide. The company operates various segments, including e-commerce platforms like Taobao and Tmall, international commerce through AliExpress and Lazada, and cloud services via its Cloud Intelligence Group. Founded in 1999, Alibaba employs over 131,000 people.

Bottom Line

Michael Evans' recent sale of Alibaba shares adds to a series of insider transactions at the company. Investors often track such insider activities for potential signals, though they do not necessarily indicate a negative outlook on the stock. Alibaba's stock performance reflects its standing in the market, with analysts maintaining a positive view based on the company's fundamentals and growth potential.