Stock Update (NYSE:BABA): Alibaba Group Holding Ltd Appoints Jodee Kozlak as Global Senior Vice President of Human Resources
Alibaba Group Holding Ltd (NYSE:BABA) announced the appointment of Jodee Kozlak as Global Senior Vice President of Human Resources. Ms. Kozlak will be responsible for helping to build Alibaba Group’s international leadership team as the company continues to expand globally. Jodee will jointly report to Alibaba Group Deputy Chief People Officer, Jane Jiang and to Alibaba Group President, Michael Evans.
Ms. Kozlak’s appointment highlights Alibaba Group’s strong commitment to globalizing its business. The company has made growing its business outside of China a top priority, and is also committed to significantly increasing cross-border trade between China and key markets.
Ms. Kozlak previously served as Executive Vice President and Chief Human Resources Officer for Target Corporation. She was a member of Target’s executive leadership team for ten years, and she helped set the strategy for Target’s global workforce of nearly 350,000 team members. While at Target, she had oversight for all leadership activities, enterprise talent management, organizational design and alignment, as well as team culture, labor and employment law and employment brand. Ms. Kozlak originally joined Target in 2001 and before joining Target, Ms. Kozlak was a partner in the litigation practice of Greene Espel, PLLP, specializing in corporate governance, complex business litigation and employment issues. She was also an associate at the global law firm Oppenheimer, Wolff & Donnelly and a senior auditor at Arthur Andersen & Co., both in the Minneapolis offices of these firms.
“Jodee is a proven leader who brings world-class business building experience, strategic talent management and leadership skills to Alibaba,” said Mr. Evans. “She is an important addition to Alibaba as we continue to internationalize our company, and her deep experience across a diverse set of disciplines will be invaluable as we continue to build our global team. Jodee will help to promote and preserve Alibaba’s proven winning culture.” (Original Source)
Shares of Alibaba are up nearly one percent in pre-market trading. BABA has a 1-year high of $95.06 and a 1-year low of $57.20. The stock’s 50-day moving average is $70.72 and its 200-day moving average is $73.45.
On the ratings front, Alibaba has been the subject of a number of recent research reports. In a report issued on February 1, MKM Partners analyst Rob Sanderson reiterated a Buy rating on BABA, with a price target of $95, which represents a potential upside of 56.8% from where the stock is currently trading. Separately, on January 29, Brean Murray Carret’s Fawne Jiang reiterated a Buy rating on the stock and has a price target of $96.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Rob Sanderson and Fawne Jiang have a total average return of -11.5% and 1.3% respectively. Sanderson has a success rate of 31.9% and is ranked #3383 out of 3564 analysts, while Jiang has a success rate of 42.3% and is ranked #1056.
Overall, one research analyst has assigned a Hold rating and 17 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $91.64 which is 51.3% above where the stock closed yesterday.