Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks

155
Comment
Favorite

Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks

The Wall Street Journal2023-01-17

Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

155

Report

Comment

newminted
·2023-01-17
Ok
Reply
3
Report
Sphere
·2023-01-17
BABA up
Reply
6
Report
Fold Replies
- Sphere:
  Up
  2023-01-17
  Reply
  Report
Edmundse
·2023-01-17
It's about time to move up😃
Reply
6
Report
MoonK
·2023-01-17
Let's go baba!
Reply
10
Report
Fold Replies
- SimonChan:
  👍🏻
  2023-01-17
  Reply
  Report
leeinvest
·2023-01-17
...
Reply
10
Report
Fold Replies
- newminted:
  ok
  2023-01-17
  Reply
  Report
- BG68:
  Good
  2023-01-17
  Reply
  Report
TaiWoeiHaur
·2023-01-17
👋
Reply
10
Report
TinPLJ
·2023-01-17
🤔
Reply
8
Report
Fold Replies
- 鸟雨花香:
  👍
  2023-01-18
  Reply
  Report
D1234
·2023-01-17
Make it $128 for current CNY 🤓
Reply
1
Report
Targarean
·2023-01-17
$200 fair value for BABA
Reply
5
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1146473250?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-01-17 07:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1146473250","market":"us","top_or_hot":-1,"title":"Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks","media":"The Wall Street Journal","content":"<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Source Link</a>\n\n</div>\n","source":"wsj_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440","article_id":"1146473250","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146473250","pubTimestamp":1673910727,"sourceInfo":{"source_id":"wsj_highlight","name":"The Wall Street Journal"},"weMediaInfo":null,"summary":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millio","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-SW"},"translate_title":"维权投资者Ryan Cohen持有阿里巴巴-SW的股份，并推动更多的股票回购","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09988":0.9,"BABA":0.9},"content_text":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo& Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9956361202,"gmtCreate":1673913031606,"gmtModify":1676538901647,"author":{"id":"3581990957315863","authorId":"3581990957315863","name":"newminted","avatar":"https://static.tigerbbs.com/f7fb0ce2c2c4a88e9708e5c7eaf6cfbf","vip":1,"crmLevel":7,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956361202","repostId":1146473250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956369131,"gmtCreate":1673912774524,"gmtModify":1676538901583,"author":{"id":"3573432013960035","authorId":"3573432013960035","name":"Sphere","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":0},"htmlText":"BABA up","listText":"BABA up","text":"BABA up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9956369131","repostId":1146473250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105584079,"gmtCreate":1673912780742,"gmtModify":1673912814480,"authorId":3573432013960035,"author":{"id":3573432013960035,"authorId":3573432013960035,"name":"Sphere","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956369131,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Up</span>","text":"<span class=\"s1\">Up</span>","html":"<span class=\"s1\">Up</span>"}],"langContent":"EN"},{"id":9956360150,"gmtCreate":1673912702671,"gmtModify":1676538901550,"author":{"id":"4107392014931890","authorId":"4107392014931890","name":"Edmundse","avatar":"https://community-static.tradeup.com/news/f3701fd4020b24e1f008b7291a066aa7","vip":1,"hat":"https://static.tigerbbs.com/306aa047bc14b6942cda1aed925cf8c3","crmLevel":7,"crmLevelSwitch":1},"htmlText":"It's about time to move up😃","listText":"It's about time to move up😃","text":"It's about time to move up😃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956360150","repostId":1146473250,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956387688,"gmtCreate":1673912602144,"gmtModify":1676538901523,"author":{"id":"3575155472699792","authorId":"3575155472699792","name":"MoonK","avatar":"https://static.tigerbbs.com/4344f119333f444051d262d4e3b0e271","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Let's go baba!","listText":"Let's go baba!","text":"Let's go baba!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9956387688","repostId":1146473250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105584212,"gmtCreate":1673913697151,"gmtModify":1673913718190,"authorId":3572212448091017,"author":{"id":3572212448091017,"authorId":3572212448091017,"name":"SimonChan","avatar":"https://static.tigerbbs.com/9becd538a97d2ba19c33053c87e741cf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956387688,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍🏻</span>","text":"<span class=\"s1\">👍🏻</span>","html":"<span class=\"s1\">👍🏻</span>"}],"langContent":"EN"},{"id":9956388126,"gmtCreate":1673912059365,"gmtModify":1676538901388,"author":{"id":"4099790386907850","authorId":"4099790386907850","name":"leeinvest","avatar":"https://static.tigerbbs.com/b480051f839130f7274379fc24924fd2","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9956388126","repostId":1146473250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105584107,"gmtCreate":1673913040493,"gmtModify":1673913053876,"authorId":3581990957315863,"author":{"id":3581990957315863,"authorId":3581990957315863,"name":"newminted","avatar":"https://static.tigerbbs.com/f7fb0ce2c2c4a88e9708e5c7eaf6cfbf","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956388126,"type":1,"supId":105583988,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":105583988,"gmtCreate":1673912236477,"gmtModify":1673912249503,"authorId":4106439073723520,"author":{"id":4106439073723520,"authorId":4106439073723520,"name":"BG68","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956388126,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":9956383407,"gmtCreate":1673911841110,"gmtModify":1676538901349,"author":{"id":"3563667765668803","authorId":"3563667765668803","name":"TaiWoeiHaur","avatar":"https://community-static.tradeup.com/news/4573ecee7a4a891ace3e5566a59069d5","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"👋&nbsp;","listText":"👋&nbsp;","text":"👋","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956383407","repostId":1146473250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956383352,"gmtCreate":1673911792077,"gmtModify":1676538901303,"author":{"id":"3584319358314273","authorId":"3584319358314273","name":"TinPLJ","avatar":"https://static.tigerbbs.com/1f44e52db537ba004a729d3ccce38cef","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"🤔","listText":"🤔","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9956383352","repostId":1146473250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105594107,"gmtCreate":1674001119878,"gmtModify":1674001132800,"authorId":3582101321255914,"author":{"id":3582101321255914,"authorId":3582101321255914,"name":"鸟雨花香","avatar":"https://static.tigerbbs.com/98b16b55879fd1a4b831b436592733a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956383352,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"EN"},{"id":9956380056,"gmtCreate":1673911368375,"gmtModify":1676538901238,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Make it $128 for current CNY 🤓&nbsp;","listText":"Make it $128 for current CNY 🤓&nbsp;","text":"Make it $128 for current CNY 🤓","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956380056","repostId":1146473250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956314055,"gmtCreate":1673911105978,"gmtModify":1676538901185,"author":{"id":"3573540190522229","authorId":"3573540190522229","name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":7,"crmLevelSwitch":1},"htmlText":"$200 fair value for BABA","listText":"$200 fair value for BABA","text":"$200 fair value for BABA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956314055","repostId":1146473250,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":155,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}