Wellspring Financial Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,405 shares of the specialty retailer’s stock, valued at approximately $796,000.
Other hedge funds have also recently bought and sold shares of the company. Capital World Investors boosted its position in shares of Alibaba Group by 7.7% in the 4th quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock worth $953,527,000 after purchasing an additional 466,847 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Alibaba Group by 7,680.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock worth $881,554,000 after purchasing an additional 5,936,847 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Alibaba Group by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 5,335,894 shares of the specialty retailer’s stock worth $782,135,000 after purchasing an additional 42,297 shares during the last quarter. Norges Bank bought a new position in shares of Alibaba Group in the 4th quarter worth $594,477,000. Finally, American Century Companies Inc. boosted its position in shares of Alibaba Group by 17.7% in the 3rd quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock worth $533,964,000 after purchasing an additional 448,484 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on BABA shares. JPMorgan Chase & Co. raised their price target on Alibaba Group from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Susquehanna raised their price target on Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. DZ Bank lowered Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price target on the stock. in a research report on Friday, March 20th. Finally, Jefferies Financial Group reduced their price target on Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.76.
More Alibaba Group News
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Alibaba is continuing to expand its AI efforts, including upgrades to its AI business and token-related infrastructure, which supports its long-term growth narrative. Article Title
- Positive Sentiment: Citi reportedly sees the recent selloff tied to China’s AI capex plans as premature, suggesting investors may be overstating the near-term threat to Alibaba’s cloud business. Article Title
- Neutral Sentiment: Alibaba said the Pentagon label has “no basis” and it expects no material business impact, but the move still increases regulatory and reputational risk. Article Title
- Negative Sentiment: The Pentagon’s addition of Alibaba to its Chinese military-linked list could limit U.S. government-related business and keep geopolitical pressure on the stock. Article Title
- Negative Sentiment: China’s planned AI data-center spending may increase competition in cloud and AI, potentially undercutting private operators like Alibaba over time. Article Title
Alibaba Group Stock Performance
BABA stock opened at $115.64 on Thursday. The business’s 50-day moving average price is $130.55 and its two-hundred day moving average price is $144.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $277.43 billion, a PE ratio of 18.99, a P/E/G ratio of 2.05 and a beta of 0.47. Alibaba Group Holding Limited has a 1-year low of $103.71 and a 1-year high of $192.67.
Alibaba Group (NYSE:BABA – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $35.30 billion for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. As a group, research analysts forecast that Alibaba Group Holding Limited will post 6.75 earnings per share for the current year.
Alibaba Group Announces Dividend
The company also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be issued a dividend of $1.05 per share. This represents a dividend yield of 91.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s payout ratio is currently 16.91%.
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.
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