AustralianSuper Pty Ltd lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 2,459.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,344 shares of the specialty retailer’s stock after purchasing an additional 251,133 shares during the period. AustralianSuper Pty Ltd’s holdings in Alibaba Group were worth $38,308,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. raised its stake in Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 72 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $30,000. NBT Bank N A NY increased its holdings in shares of Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 125 shares during the last quarter. Costello Asset Management INC purchased a new position in shares of Alibaba Group in the 4th quarter valued at about $34,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 13.47% of the company’s stock.
Key Alibaba Group News
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Wall Street raised confidence in Alibaba’s AI/cloud turnaround, with HSBC, JPMorgan, Barclays, and Mizuho all lifting targets and reiterating bullish ratings. MarketScreener Latest Ratings
- Positive Sentiment: Alibaba’s cloud business grew 38% year over year, reinforcing the view that AI and cloud are becoming the company’s main growth engines. Alibaba quarterly revenue rises 3%, missing estimates
- Positive Sentiment: Management said AI spending may rise above prior plans, suggesting Alibaba is leaning harder into its long-term AI strategy and may be building a stronger competitive position. AI Is Becoming Alibaba’s New Money Machine: Analyst
- Neutral Sentiment: Investors are also watching China-related headlines, including reports that the U.S. approved Nvidia H200 sales to Chinese firms such as Alibaba, which could matter for the broader AI ecosystem but is not a direct earnings driver yet. Nvidia Stock Extends Winning Streak On China News
- Negative Sentiment: Alibaba’s quarterly results still showed pressure on profitability, with earnings missing estimates as heavy AI and commerce investment weighed on margins and core profit. Alibaba’s core profit plunges 84% even as AI and cloud growth accelerate
- Negative Sentiment: The revenue beat/ miss mix was not clean: overall revenue growth was modest, and investors remain concerned that AI spending could take time to translate into stronger near-term profits. Alibaba’s Quarterly Profitability Still Under Pressure
Alibaba Group Price Performance
Alibaba Group (NYSE:BABA – Get Free Report) last announced its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $35.30 billion for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.82%. On average, research analysts forecast that Alibaba Group Holding Limited will post 6.7 earnings per share for the current year.
Alibaba Group Announces Dividend
The firm also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be given a dividend of $1.05 per share. This represents a yield of 72.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s dividend payout ratio (DPR) is presently 17.92%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on BABA. Barclays upped their price target on Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday. Erste Group Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Zacks Research downgraded shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Robert W. Baird dropped their target price on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Finally, DZ Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price target on the stock. in a research note on Friday, March 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $189.00.
Get Our Latest Stock Report on Alibaba Group
Alibaba Group Profile
Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.
The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.
Featured Stories
- Five stocks we like better than Alibaba Group
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA – Free Report).
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.
