I am super bullish on Alibaba. This is something that many analysts have not been talking about
In the last 12 months, Alibaba Group conducted significant stock buybacks as part of its efforts to return value to shareholders and stabilize its stock price. Here are the key details:
1. **Total Buyback Amount**: Alibaba repurchased **$13 billion** worth of shares in the quarter ending December 31, 2024.
2. **Impact on Outstanding Shares**: The buyback program resulted in a net reduction of 3% in outstanding shares as of December 31, 2024, after accounting for shares issued under employee stock ownership plans (ESOPs).
3. **Remaining Buyback Authorization**: As of December 31, 2024, Alibaba had **$207 billion** remaining under its authorized share repurchase program, which is valid through March 2027.
Can you imagine how much gain Alibaba has made from the share repurchase? At least $7B in the last quarter. Pure profit
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